VIC Inner city ring Melbourne

Can someone fill me in on the Fishermans Bend Project?, ie. when it starts, infrastructure etc
Will it be similar to Docklands?

 

Sold for 1.65m

When you posted this a few weeks ago I said anything over 1.6m would be OK growth...

 

what about it? they're just rejuvenating those warehouse factory areas slowly. though some are no -where near that. you either should be closer to port melbourne the beach or south melbourne (market). the in btws like in gladstone st where a lot of apartments are coming up - further walk, no tram or train. seems like a hard sell.

i rather be in melbourne post code off st kilda rd or southbank off wells (close to royal botanical gardens).

 

Found this interesting
12 Mirams Street, Ascot Vale, Vic 3032 - Property Details - sold 890k Nov 2016
12 Mirams Street Ascot Vale Vic 3032 - House for Sale #126663614 - realestate.com.au - passed in VB 1.5mil last week, extensive renovation with a second storey

Interested in the value of renovating in the current market in Melbourne - any guesses what that sort of work would cost?

 

Prices appear to holding out??

 

out of interest, what are everyones thoughts on the boroondara side of glen iris - seems to be decent value comparatively to ashburton/camberwell - does it miss out on school zones or something? i notice two properties presently with 830m2 blocks with modest homes with pricing of $2M (per statement of info)... $2500/m2 seems like recent value?

41 Summerhill Road Glen Iris Vic 3146 - House for Sale #127707594 - realestate.com.au
50 Valley Parade Glen Iris Vic 3146 - House for Sale #127653470 - realestate.com.au

 

Buying near train lines always good in these areas except for anything on the Alamein Line (I'd rather be close to a city bound tram than this). Get the stuff close to Glen Waverley Line

 

Glen Iris is a fantastic area. I'd rather live there than in Ashburton as it's slightly closer to the city. It still has some very good schools in the area (e.g. Caulfield Grammar, Korowa, Glen Iris Primary). I'd still much prefer to live in Camberwell if I could afford it though. Main reasons being that I don't really like the Glen Waverley line as there's no express trains whereas there are frequent express trains that stop at Camberwell station during peak hours. I also find the M1 freeway is always congested no matter what time or day it is so would prefer to take the Eastern freeway. Camberwell also has a lot more shops, places to eat and a much bigger supermarket (i.e. Woolies as opposed to Leo's).

 

Noticed more supply coming to market, I have been looking at townhouses. This can only mean one thing, prices may soften.

 

We have a house in the boroondara part of glen iris

Not all of it is zoned for camberwell high school. Avoid the alamein line, Glen Waverley is much better. Even though it doesn't have an express train it's 15 min or so to Richmond. Alamein will be more like 25 min. There's cafes scattered around the place but no shopping strip like camberwell junction

It's a "better" suburb than ashburton, but not as good as camberwell

 

I've seen several townhouses in the inner east sitting on the market for months. The vendors are still chasing 2017 prices and unwilling to budge. But yes, prices have definitely softened in the townhouse market in these areas.

 

Thanks for reconfirming I am not on the ground.

MTR

 

Talking to neighbours they say Camberwell high has a higher male to female ratios due to it zone overlapping with Canterbury Girls Secondary College (CGSC). Most people send their daughters there instead of Camberwell High. CGSC as one of the few state all girls school is more sort after than Camberwell High zone.

 

sadly ive been well and truly priced out of camberwell

 

OK back to this thread.

Would like some feedback on Abbotsford, the good, the bad and the ugly.

Is this a suburb with lots of potential, am trolling inner at the moment, just expanding on various suburbs, not necessarily looking at purchasing today.

MTR

 

abbotsford
pros - very near to CBD, transportation options are plenty (tram & train) and lots of food choices - smith st, victoria st (and jinda thai - some ppl say best thai in melb), a lot of people do rent in abbotsford. surrounded by million dollar median suburbs and shopping centre (vic gardens), Close to world class medical (epworth in richmond)

Cons- anything facing the hooddle is jam pack traffic and with victoria st - i used to pass this road many years ago daily (and certain hours it is a gridlock). not necessarily a good PPOR - if you ask me as there is the fitzroy towers, and the richmonds housing comm (just adjacent) - church and victoria st - drug deals still go down there. (go on hot day when ppl BBQ and you think u in j-burg or like south central LA)

 

Having lived in the eastern suburbs all my life, I am convinced that the western suburbs offer better value. Right out to suburbs like Sunshine which is thriving. Same distance to the CBD is half the price in the west v east. There is a real divide in Melbourne between west and east but that divide is breaking down.

 

Yes, Sunshine already had massive growth

 

Sunshine West also good, if not better, given houses are newer. Of course, suburbs like that are still referred to as ‘scunshine’ in the east, which is very unfair and just plays to stereotypes. This will all change, and indeed has changed and is reflected in the rising prices. Go back 30 years. I grew up in the St Kilda. In high school, students would say to me, ‘oh you don’t live there do you’, that’s where all the druggies live. ‘Hey, he lives in St Kilda’ they would say. Look for the suburbs close to the city with bad reputations I say. Take a long term view. Things change.