VIC Investment property Melbourne

Discussion in 'Where to Buy' started by sonal, 6th Sep, 2017.

Join Australia's most dynamic and respected property investment community
Tags:
  1. sonal

    sonal New Member

    Joined:
    5th Sep, 2017
    Posts:
    2
    Location:
    VIC
    Hi
    I am looking to buy an investment property in melbourne but not sure in which suburb to buy. Kindly help
     
  2. House

    House Well-Known Member

    Joined:
    13th Sep, 2015
    Posts:
    929
    Location:
    Sydney
    Welcome to PC :)

    Few questions you'll need to answer to help narrow it down;

    What's the budget?
    What's the end goal?
    Looking for CG or CF? Or both?
    House, townhouse, unit?
    Future potential (subdivision etc)?
    Why Melbourne?

    Good place to start researching is the Where to Buy thread for Vic- Where to Buy
     
  3. Property God

    Property God Active Member

    Joined:
    7th Aug, 2017
    Posts:
    41
    Location:
    Melbourne
    Buy inner west, maidstone or braybrook hasnt boomed as muvh as west footscray and footscray.

    Will be next to boom
     
  4. Big Will

    Big Will Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,517
    Location:
    Melbourne, Australia
    Watsonia and Greensborough - great location with easy access to trains, airports, less than an hour peak driving to city. Plenty of yards and parks for kids and pets.

    Shopping centre doing a major renovation which will attract further attention. Plenty of good stuff.
     
  5. The Y-man

    The Y-man Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    13,443
    Location:
    Melbourne
  6. google boy

    google boy Well-Known Member

    Joined:
    12th Apr, 2017
    Posts:
    99
    Location:
    melbourne
    Toorak, brighton, kew.
     
    Do Androids Dream likes this.
  7. sonal

    sonal New Member

    Joined:
    5th Sep, 2017
    Posts:
    2
    Location:
    VIC
    L
     
  8. KateAshmor

    KateAshmor Victorian Conveyancing Lawyer Business Member

    Joined:
    25th Jun, 2015
    Posts:
    711
    Location:
    Melbourne
    Geelong area is going bananas at the moment with my investor clients. Also the Altona suburbs and Mill Park.
     
    Lions4Eva likes this.
  9. HapppyChat

    HapppyChat Well-Known Member

    Joined:
    25th Apr, 2016
    Posts:
    65
    Location:
    Geelong Victoria
    Norlane. Not old Norlane, New Norlane! Beachside on a budget.
     
  10. kaibo

    kaibo Well-Known Member

    Joined:
    30th Jul, 2017
    Posts:
    624
    Location:
    Melbourne
    Warrigal Rd across the rd is Burwood and this address was actually changed from Burwood to Camberwell many years ago. That part of the Warrigal Rd is on quite a steep hill

    Carrington Rd is all permit spots as next to apartments but is a good potential side by side with 2 crossovers already

    Yeneda not Balwyn High zone and on the border of Mont Albert North
     
    The Y-man likes this.
  11. The Y-man

    The Y-man Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    13,443
    Location:
    Melbourne
    I am wondering if it is wise to jump into a market that is going bananas? Not sure I see the wisdom in that....

    The Y-man
     
    milobear, RetireRich101 and Luca like this.
  12. The Y-man

    The Y-man Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    13,443
    Location:
    Melbourne
    Thanks Kaibo. You are obviously familiar with the area. What's your take? Is it slowing down in the area?

    The Y-man
     
  13. kaibo

    kaibo Well-Known Member

    Joined:
    30th Jul, 2017
    Posts:
    624
    Location:
    Melbourne
    Definitely especially after todays auction rounds. All vendor bids and suspect under reserve bids. Only thing that has performed well are properties that have 2 or more families fighting over a well located PPOR or land to build PPOR.

    Builders still buying land to develop for standard prices. It seems mum and dad investors are out at the moment for the more premium part of the market >800K. Overseas Asian money is there but since the market not moving they tend to not move unless they see some momentum especially currently with the strong AUD (This seems to be missed in the media)
     
    The Y-man likes this.