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How do you do DD on a street?

Discussion in 'The Buying & Selling Process' started by Xie, 5th Oct, 2015.

  1. Xie

    Xie Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    71
    Location:
    Victoria
    Hi Everyone, I have been researching a local Melb suburb and have been able to read the forum comments about best streets etc... I can even ask friends who live in the area but how do you gain this insight in a suburb in another state?
     
  2. MsAli

    MsAli Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    1,147
    Location:
    Sydney, Australia
    Talk to property managers in the area. Do a google street view. Nothing beats driving around the area.

    I'm personally not too fussed as long as the property is well located (close to transport / shops) where there is future potential
     
    Tranquilo likes this.
  3. monalisa

    monalisa Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    314
    Location:
    Sydney
    In my view:
    • talk to other investors who have experience in the area;
    • Check price finder for neighboring owners - which should indicate if Department of Housing owns neighboring properties.
     
    Catalyst and MsAli like this.
  4. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

    Joined:
    29th Jun, 2015
    Posts:
    866
    Location:
    Darlinghurst Sydney
    I really love looking for an IP.
    It has become more of a hobby.

    Last time i spoke neighbours, i knocked on doors, i walked up around the suburb .
    I googled the street for news reports.

    I like to knock on doors and ask people, you ll be amazed at how many will stop and chat.
     
    larrylarry likes this.
  5. TMNT

    TMNT Well-Known Member

    Joined:
    23rd Jul, 2015
    Posts:
    1,397
    Location:
    Melbourne
    Walk into the middle of the street, sit your bum down,
    open your laptop, steal wifi and start researcing!!!
     
  6. Xie

    Xie Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    71
    Location:
    Victoria
    Thanks I'll start making some calls.
     
  7. The Y-man

    The Y-man Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    906
    Location:
    Melbourne
    Got to pound the pavement - you need to go there - and walk it.

    Leave your car there overnight, see if it is still there next morning...... (only kidding)

    The Y-man
     
  8. TMNT

    TMNT Well-Known Member

    Joined:
    23rd Jul, 2015
    Posts:
    1,397
    Location:
    Melbourne
    what if your 1980s bomb is soooooo out of place amongst the mercedes and ferraris that disgruntled locals have removed it and replaced with a more respectable entry level 3 series?
     
  9. mcarthur

    mcarthur Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    539
    Location:
    ACT
    1980's?! That's a "classic car" and heading towards antique status :D. Very collectible in those gentrifying suburbs...:rolleyes: