VIC Inner city ring Melbourne

Yes, interestesting...thanks

 

On the contrast, clearance rates yesterday was 82 percent.

 

interesting excellent result

 

I dunno... 2/45 Kent road sold for 1.5m last April, and that was 4 bed plus study
2/45 Kent Road, Surrey Hills, Vic 3127 - Property Details

So if David st with 3 bedrooms gets anywhere near 1.6m then that's OK growth? SOI is 1.6-1.7m. Kent st is strata but they both have similar block sizes

Nice find though

 

So Y-man what kind of appeal does Surrey Hills have? Can you give me a brief overview on this suburb. Thanks

MTR

 

Nice
Does it have inner/community vibe ie cafe strips etc

 

It's a stunning suburb with some cafes and in the private school belt but if you're after an inner city cafe kinda suburb then look at hawthorn imo

 

Thats probably my number 1 pick atm

 

I built and live very, very close to this place so was keeping a close eye on it

I actually thought $1.7M was a little optimistic given the size, age and layout of the property. Surrey Hills has mostly young families or retirees (even DINKs are mostly priced out of the area although that will change with all the apartments coming up). It's too small for the former and doesn't have a master downstairs which rules out a lot of the latter. Also, the main living spaces are very small and a lot of the land is taken up by the front garden which, while nice, isn't that usable as it's not private and on quite a steep slope.

The place we built late 2016 was on a similar sized block (although strata title), but it had 4 BR's, the living areas were bigger and it's even closer to the Union Rd shops. It was only valued at $1.5M by the bank and $1.5-1.65M by a RE agent but it was brand new.

 

Pretty difficult to find a house with only 3 BR's though. Most are 4 BR where the median price is $2.2M. Even the older houses that sold near me last year were above $2.3M.

And yes, the trees are beautiful... until the end of autumn where you have to spend every week raking up leaves lol

Yep, Hawthorn and Camberwell would be my top picks, but they're quite a bit more expensive than Surrey Hills. SH def doesn't have the same vibe but I think it will continue to see decent growth. That strip along Union Rd is really developing (we have a bar there now!!! ), there's a Coles opening end of this year and lots of apartments coming up on Union and Canterbury Rd. They just need to get rid of the level crossing...

 

I was at the auction and inspected it before. Too many steps upstairs, definitely better with the sizing as downstairs too small. Hardest thing with No master downstairs it does not suit young families (with under primary school age kids as single story better) and doesn't sure older couple (need ensuite downstairs). Downstairs is a bit disappointing with the 2 small living areas (better if only 1) as that house couldn't host any parties as too pokey with the backyard being south facing and small. The dining area is too small to be usable outside of the 5 member family

 

this is the better part of surrey hills as just like camberwell it's a massive suburb (extends for 3.5km straight line down riversdale rd)

 

Off mont albert rd is my pick, these are the best part of the suburbs of either side of it Golden mile (balywn and canterbury), surrey hills and mont albert. You will find the most valuable parts of these suburbs have a street linked to Mont Albert Rd even if the Balwyn off Mont Albert rd in not part of school zone

 

I don't know what type of property you're looking for or your budget but maybe also check out Prahran around Hawksburn, Armadale, and Malvern

 

Thanks
Looking at any duburbs within 10 km from city