VIC First IP help - A house(500sqm) in Broadmeadows or a Unit (1H90sqm)in Greenvale

Discussion in 'Where to Buy' started by Wilson Nguyen, 31st Mar, 2021.

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  1. Wilson Nguyen

    Wilson Nguyen Member

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    31st Mar, 2021
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    Melbourne
    Hi all,
    I recently join and trying to dip my toe in the property investment sector after a while. I have picked out these 2 suburbs and would love to hear you professional/ expert opinion about these 2 suburbs in terms of growth rate, rental income, surrounding areas, security, future prospect, etc

    My budget is around 500-600k so can only afford a house in Broadmeadows or a unit in Greenvale. Which one would yield me a better outcome when I'm retired say in another 10 years?

    Thank you so much for your help
     
    Wilson Nguyen, 31st Mar, 2021
    #1
  2. Westie

    Westie Well-Known Member

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    A house in Broady would likely do better over the long run.
     
    Westie, 31st Mar, 2021
    #2
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  3. Chris B

    Chris B Well-Known Member

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    Of these options I would choose a house in Broady for sure. Land in Melbourne is only going to become more scarce.
     
    Chris B, 31st Mar, 2021
    #3
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  4. Ben JH

    Ben JH Well-Known Member

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    Would suggest checking rental vacancy in Broady since it's close to the Airport
     
    Ben JH, 1st Apr, 2021
    #4
  5. codeninja

    codeninja Well-Known Member

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    I have just placed an offer in jacana pending bank loan approval. It is in your range and best part is <15 km to city.
     
    codeninja, 6th Apr, 2021
    #5
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  6. mytwocents

    mytwocents Well-Known Member

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    Glenroy and broady are serviced by a train line so you will have a better outcome.

    greenvale have good quality homes and it is quite affluent for melbourne. However greenvale has always been dogged by no train line which is why Epping would be your best bet
     
    mytwocents, 5th Jun, 2021
    #6
  7. The Y-man

    The Y-man Moderator Staff Member

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    Got planes but..... :D

    The Y-man
     
    The Y-man, 5th Jun, 2021
    #7
  8. couq

    couq Well-Known Member

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    Hi Wilson, Try and get land if you can Broadmeadows would be a good shout for that price range. Maybe look out West way also for that price range.
     
    couq, 5th Jun, 2021
    #8