Is this apartment in inner Melb unique?

depends on your needs as to what you are doing day today basis (will you use public transport or drive or cycle or walk). I personally would avoid Brunswick, pretty much very small roads and a lot of cyclist (nothing wrong with it) only it causes long traffic delays. Also the selection of food is not to my liking. But if you worked in the hospital district or went to melbourne uni that would be different. St Kilda is ok due to proximity to the beach. South Melbourne has the markets etc and walking distance to CBD. Port Melbourne is also not bad due to being next to the beach and albert park and south Melbourne.

 

St Kilda and Elwood has a lot of art deco old apartments that I really like. They should be in high demand in the future. I like St Kilda. There is no snobbery like in other suburbs.
Brunswick has heaps of new apartments and some nice warehouse conversions.

 

@MTR.

Why buy at all? Why not rent in the areas you wish your daughter to reside with a property that accommodates your visits as well and use the $800k to buy (depending on the exchange) another seven or eight Altanta properties or similar. Surely the rents they spit out would more than cover the rent in your chosen Melbourne location with change to spare. That way you may have flexibility to move to a different area in a year or two. It's the owners of investments that cop a (very) slim rental yield in Melbourne. I am assuming of course that you are doing the buying/ownership.

If it's your daughter's foray into the property world and you want her to get into debt for a dwelling, then ignore my post

Just a thought..............

 

Check these out MTR.
4/23 Herbert Street St Kilda Vic 3182 - Apartment for Sale #123407526 - realestate.com.au
1/193 Fitzroy Street St Kilda Vic 3182 - Apartment for Sale #123363398 - realestate.com.au
8/6-18 Princes Street St Kilda Vic 3182 - Apartment for Sale #123363130 - realestate.com.au
6/11 Merrifield Street Brunswick Vic 3056 - Apartment for Sale #123219550 - realestate.com.au

 

Hi MTR,

Check out thornbury. It has gone up plenty in the last few yrs but some pockets will keep on going I think. Defiantly worth keeping an eye on. With Brunswick keep away from all the way along the train line, way too apartmenty!

Cheers
Johnny

 

That is a very good point.

Currently we are renting in Richmond, 2x2 bedroom apartment, 2 car parking bays and its very nice with city views and very nice location to boot, at only $560 per week. If the market starts to go sideways then it may make sense to buy in Melb, units/apartments did dip I think in 2011??

We are currently buying in USA and the deals are very juicy, it does make sense to park money in US because the market is so hot, what we are buying today wont be possible tomorrow.

MTR

 

Thanks don't want to go that far out, but I expect there is more bang for your money

 

That Princes Street art deco property is sensational, what do you think it would fetch???

 

I have not been through it but I think $650,000 to $700,000.

 

Curious what do you guys think about this apartment my daughter just sent me next to where she is currently living in Richmond. Only 35 in Block, selling OTP...
Looking for some insight/opinions....thanks

FRAME, Richmond Hill in 19 Judd Street, Richmond VIC 3121

 

What is Clifton Hills like in terms of area/community only 4 km from city, seems competitively/reasonable prices for inner city

Negatives/positives???

Looking at townhouse??

Thanks

Mtr

 

The apartment isn't bad - I would have preferred slightly larger bedrooms, especially the BIRs.

 

What I find deceiving with all these plans is how small they make the bed in the bedroom to give the impression that the room is really big. And on most occasions, you can never get a dimensioned drawing for the apt.

 

that's a little developers dirty trick. When I sold my 3 villa development site I had it staged by interior designer, they use blow up mattresses, they are queen size for master bedroom and single bed for other rooms. Blow up beds don't have the frame so helps the bedrooms look bigger. However, buyers are not stupid, I would never use double bed for master bedroom most would notice this at least I think?

 

I have been to some apartments where I'm certain they use these weird half beds that seem shorter in length than a normal bed to make the room look more spacious and like you have space to walk past.

Or they use single/double beds but with smaller pillows to make it look bigger.