Lower priced future potential areas

Yes. Ermington, Dundas, Telopea, Rydalmere are all going nuts at the moment. Lots of KDR in my area and they are lifting the expectations in listings. Nice to walk around the old fibro and the new builds. Even these areas are becoming out of reach. An old 2 bedder apartment is going for $500k and it's about 25km away from CBD.

 

It really depends on the income, tax, family etc. factors and situation of the individual to decide which investment that suits.

 

you should become a business member here. ask @Simon Hampel

 

I wonder why is Granville and Homebush west still cheap as compared to other surrounding suburbs!!!

 

Thanks for the suggestion. I will subscribe premium membership and attend a few events and see how it goes.

 

The current boom is the direct result of very low interest rates and to some degree foreign money. Literally "everywhere" has had a boom. Otherwise there is nothing special about many of those suburbs.

Places that are close to major employment hubs, universities, water etc, have a reason to retain their price even if interest rate goes up but otherwise watch other places that are considered as "hot" crash when interest rate goes anywhere north of 5.5%. No one predicted those places will go up, majority just got lucky.

I would say in the current market dont buy apartments anywhere, they are going to be the most affected when prices go down and with land I would only consider investing in Sydney and Melbourne inner suburbs or Perth as Perth has hit bottom or is very close to. If the mining game picks up, Perth is going to be a big money maker as you can pick up properties now for good prices IMO.

Anywhere else in Australia is a mine field to buy anything.

 

LAkemba & Wiley PArk are pretty hard to beat IMO. A lot of planned infrastructure and transport upgrades already approved with a change in the zoning of certain areas also underway. 2-1-1 can still be picked up for 400k which is quite simply amazing being 15kms from the CBD of Sydney.

 

Melbourne has had a few cheaper suburbs fly under the radar over the last 12 months and see some decent gains. Hampton Park, Narre Warren, Cranbourne, Hoppers Crossing, Werribee are not seen as the most desirable suburbs by many, but over the last 12-15 months have seen a decent jump in prices. Comparable homes are now 60k-100k more than this time last year.
Not bad considering you could of bought in at low 300's in those or mid-high 200's in Werribee.
Great returns if you ask me.

Going forward, I see Melton is moving (finally), and Broadmeadows should catch the ripple effect of neighbouring suburbs...

 

Yes like Park Ridge in Logan City Council (QLD). It is now gentrifying.

 

Good for investing, but for some reason, the demographic is not making you feel safe .

What about Greenacre, Fairfield and Bankstown ?

 

Acacia Ridge, Inala, Durack and Tingalpa in Brisbane. All less than $500K median within 14km of the Brisbane CBD.

Altona Meadows in Melbourne?

 

Everyone knows purchasing a house would be way better than units in terms of GC. BUT it's not everyone to have enough of money and cash flow to sustain the huge investment input of owning a house. These people should never invest in properties given they don't have enough income and capital to buy a house!? Me personally still have to pay 4k of interest to the bank for my house PPOR.

 

Disagree.

 

Broadmeadows Melb, ticks many boxes and on the nose with locals but some developers making some serious $.

MTR

 

Have you tried to buy something in Moorooka recently? Mansfield? Hardly cheap!

Ipswich and surrounds is still a sitter.
The Creastmead/Marsden/Browns plains side of Logan is starting to move.

 

Any better suggestions?

 

Agree with Bran.
Imo, buy a house in Brisbane, as long as its flood free. Don't buy a unit.

 

Yep. See above. I've got whole threads about my Brisbane recommendations too

 

Not saying they are rock bottom cheap, just that they are at a discount to neighbouring suburbs.

Saw another area today and though of this thread, Eagle farm and Pinkenba, right next to ascot, Hamilton etc million dollar suburbs. I assume they are cheap because of being near the flight path and heavy industry but maybe one day?

 

What do you think about Newstead?