VIC How to search/ensure you buying in good neighbourhood

Discussion in 'Where to Buy' started by mehrar_84, 6th Oct, 2019.

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  1. mehrar_84

    mehrar_84 Well-Known Member

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    Hi all,

    Looking for buy PPOR (south east) Glen Eira/City of Kingston area.

    How do search if the area/ neighbourhood is friendly?

    Thanks
     
    mehrar_84, 6th Oct, 2019
    #1
  2. Angel

    Angel Well-Known Member

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    walk around there yourself
     
    Angel, 6th Oct, 2019
    #2
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  3. Sackie

    Sackie Well-Known Member

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    Higher OO is generally good. Check crime stats too.
     
    Sackie, 6th Oct, 2019
    #3
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  4. datto

    datto Well-Known Member

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    Remember, houso areas have high OO.

    Take a look around. Drive around first. If adrenaline not pumping, go for a walk. If you're not sprinting back to your car then it may be OK.
     
    datto, 6th Oct, 2019
    #4
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  5. datto

    datto Well-Known Member

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    Just to clarify, I consider long term houso tenants to be owners.
     
    datto, 6th Oct, 2019
    #5
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  6. The Y-man

    The Y-man Moderator Staff Member

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    ... of course you will find the car gone when you get back to where you left it.... :eek:

    The Y-man
     
    The Y-man, 6th Oct, 2019
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  7. Angel

    Angel Well-Known Member

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    If your car is still all good when you return to it, then the suburb is all good.
     
    Angel, 6th Oct, 2019
    #7
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  8. Angel

    Angel Well-Known Member

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    Long term Housos are good. It's the ones who get moved around every year that are a worry
     
    Angel, 6th Oct, 2019
    #8
  9. The Y-man

    The Y-man Moderator Staff Member

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    Glen Eira is quite a posh inner subs area - would expect it to be quiet. Kingston is much more varied - some industrial belts in there - but I would not be concerned walking through most of it, other than getting struck by planes being flown by students.

    The Y-man

    p.s. I own 2 IP's in Kingston - bonus - rate payers (ie the landlords) get a free beachside parking permit sticker
     
    The Y-man, 6th Oct, 2019
    #9
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  10. mehrar_84

    mehrar_84 Well-Known Member

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    walked around. left car open. came back car still there :) but no people outside ")
    have to go in evening maybe
     
    mehrar_84, 6th Oct, 2019
    #10
  11. mehrar_84

    mehrar_84 Well-Known Member

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    yeah run down houses $1mil. where is the money coming from, no idea. guess i am in wrong job
     
    mehrar_84, 6th Oct, 2019
    #11
  12. Sackie

    Sackie Well-Known Member

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    Alot of people sell investments to 'buy up' or downsize to 'buy down'. How exactly a loan application is made up, no one really knows from looking in on the outside.

    It's largely why I believe income to mortgage is not the most important factor or a good indication for RE markets to do well.
     
    Sackie, 6th Oct, 2019
    #12
  13. mehrar_84

    mehrar_84 Well-Known Member

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    yeah sold investments but still not able to afford. unlesss i take massive loan
     
    mehrar_84, 6th Oct, 2019
    #13
  14. Trainee

    Trainee Well-Known Member

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    Define massive?
    First property is always the hardest. Upgraders often go in with 50%+ deposits.
     
    Trainee, 6th Oct, 2019
    #14
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  15. mehrar_84

    mehrar_84 Well-Known Member

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    over $600k
     
    mehrar_84, 6th Oct, 2019
    #15
  16. Trainee

    Trainee Well-Known Member

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    Your looking in sydney, where the house median is 900k? Get used to it.
     
    Trainee, 6th Oct, 2019
    #16
  17. mehrar_84

    mehrar_84 Well-Known Member

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    ok sir
     
    mehrar_84, 6th Oct, 2019
    #17
  18. Propertunity

    Propertunity Well-Known Member

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    [​IMG]

    Yeah there are some parts of Sydney where I don't attend Open homes for concerns about returning to my car parked like this outside.
     
    Propertunity, 6th Oct, 2019
    #18
  19. The Y-man

    The Y-man Moderator Staff Member

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    I believe Kingston and Glen Eira are part of Melbourne..... unless a serious rezoning happened in recent times....

    The Y-man
     
    The Y-man, 7th Oct, 2019
    #19
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  20. The Y-man

    The Y-man Moderator Staff Member

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    Glen Eira has some of the richest multi-generational business people living there. There's also a supply/demand issue, as it composes a large part of the Melbourne Eruv.

    The Y-man
     
    The Y-man, 7th Oct, 2019
    #20
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