Keen 21yo Property Investor (Currently 2 IP's - 3rd Very Soon!)

Discussion in 'Introductions' started by MaddyG, 6th Apr, 2017.

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  1. strongy1986

    strongy1986 Well-Known Member

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    Id give drouin a miss
    Yarra ranges is still.decent value so i would stick around the far east.
    Or you can look.at holiday areas. They will be next to see good growth
    Mornington peninsula, bellarine and phillip island
     
    strongy1986, 7th Apr, 2017
    #21
    johnmteliza likes this.
  2. MaddyG

    MaddyG Well-Known Member

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    Why would you give drouin a miss?
     
    MaddyG, 9th Apr, 2017
    #22
  3. Xiao Hui

    Xiao Hui Well-Known Member

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    Maddy G

    You mentioned Bendigo. I am curious, why Bendigo?
     
    Xiao Hui, 9th Apr, 2017
    #23
  4. strongy1986

    strongy1986 Well-Known Member

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    Why are you keen on Drouin?

    Country town population of 10,000.
    Its not a part of Melbourne although some seem to think it is. 100 km's is a bit of a stretch!

    Houses start at 300k so not that cheap really. Plus developers smash this area which leads to a never ending supply of housing stock. This is a capital growth killer for a small town.

    You could get the same if not better value in Ballarat,Bendigo, parts of Geelong. Which are towns of around 150,000. Far better chance of growth in these places IF you pick the right area.

    Cheers
     
    strongy1986, 10th Apr, 2017
    #24
  5. NWHT

    NWHT Well-Known Member

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    Same, what information have you found on Bendigo compared to other regional areas (Ballarat, Warrnambool, etc)
     
    NWHT, 10th Apr, 2017
    #25
  6. Andy Markead

    Andy Markead Member

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    Welcome to the forum mate
     
    Andy Markead, 11th Apr, 2017
    #26
  7. Wendy Chamberlain

    Wendy Chamberlain Well-Known Member

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    Well done @MaddyG - you're a super star :)

    With your budget there are still houses on land in the north that are not too far out. I'd look there first versus heading regional. You'll get some nice growth over time with the upside of being able to manufacture growth if desired (sub divide, etc).
     
    Wendy Chamberlain, 17th Apr, 2017
    #27
  8. johnmteliza

    johnmteliza Well-Known Member

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    A year later and you were right! The Mornington Peninsula recored the 2nd highest growth rate across Australia for 2017/18. Even select suburbs and pockets on Phillip Island and the Bellarine Peninsula are doing well.
     
    johnmteliza, 12th Sep, 2018
    #28
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