VIC Melbourne 2022 - Post a Bargain

Discussion in 'Property Analysis' started by Properwin, 21st Mar, 2022.

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  1. The Y-man

    The Y-man Moderator Staff Member

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    It's not a disaster but I'd pay a bit more and get a house.

    The Y-man
     
    The Y-man, 10th May, 2022
    #21
    Canyon likes this.
  2. OnTheMarket

    OnTheMarket Member

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    OnTheMarket, 28th May, 2022
    #22
  3. Zyzz

    Zyzz Well-Known Member

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    Zyzz, 28th May, 2022
    #23
  4. Properwin

    Properwin Well-Known Member

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    It’s in the cheaper side of Mount Waverley nearer to the freeway and power lines which may be in sight.
     
    Properwin, 29th May, 2022
    #24
    Zyzz and craigc like this.
  5. Zyzz

    Zyzz Well-Known Member

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    Zyzz, 5th Jun, 2022
    #25
  6. noomi_nooma

    noomi_nooma Well-Known Member

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    noomi_nooma, 5th Jun, 2022
    #26
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  7. Properwin

    Properwin Well-Known Member

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    Properwin, 5th Jun, 2022
    #27
  8. Zyzz

    Zyzz Well-Known Member

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    How did you find that out
     
    Zyzz, 6th Jun, 2022
    #28
  9. Zyzz

    Zyzz Well-Known Member

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    Zyzz, 6th Jun, 2022
    #29
  10. Properwin

    Properwin Well-Known Member

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    but sold this year for $1.1m??? That’s the typo surely.
     
    Properwin, 6th Jun, 2022
    #30
  11. dan_89

    dan_89 Well-Known Member

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    dan_89, 6th Jun, 2022
    #31
    Pavan and OnTheMarket like this.
  12. Nina00

    Nina00 Well-Known Member

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    Someone has definitely overpaid.
     
    Nina00, 11th Jun, 2022
    #32
  13. Properwin

    Properwin Well-Known Member

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    Melbourne is cool. And cold.
     
    Properwin, 12th Jun, 2022
    #33
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  14. Jacko

    Jacko Well-Known Member

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    Talking about the weather?
     
    Jacko, 12th Jun, 2022
    #34
  15. Properwin

    Properwin Well-Known Member

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    Yes and yes.
     
    Properwin, 12th Jun, 2022
    #35
  16. Zyzz

    Zyzz Well-Known Member

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    I find doing that is a gauge to get a property for a good price.

    I paid 270k in 2015 for a property that last traded at 265k in 2010. 2 Years later the property was worth 500k.

    This seems to work well ofcourse only with houses. Apartments are a different beast.
     
    Zyzz, 12th Jun, 2022
    #36
  17. samiam

    samiam Well-Known Member

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    Thanks @MTR
    I am not active on the ground but very much interested in other ppl’s observations. I am looking at Frankston and Dandenong though - more stock both for sales and rent. Rental yields are not great either. Perhaps more bargains in next 12 months…
     
    samiam, 7th Jul, 2022
    #37
  18. supersam80

    supersam80 Well-Known Member

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    supersam80, 7th Jul, 2022
    #38
  19. Coastal

    Coastal Well-Known Member

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    I'm looking for a Tarneit purchase for $500k... 4 bed 2 car garage 2 bath 2 living room on 500sqm. Maybe I am hoping for 2 much.
     
    Coastal, 7th Jul, 2022
    #39
  20. janelb

    janelb Member

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    that's probably really too much, 500m land alone in Tarneit would cost above $400k. In new estate like Alamora a 448sqm land is selling for 457k.

    The bargain I noticed is this:
    https://www.realestate.com.au/sold/property-house-vic-mckinnon-139487103
    In the McKinnon SC zone, GRZ2, cheapest on the street since 2015.
     
    janelb, 7th Jul, 2022
    #40
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