VIC Melbourne - same growth in 2018 as was seen in 2017

57 Strathnaver Ave Strathmore looks like its at the end of the Runway Essendon airport.

Are you sure these properties are a true reflection of Melbournes affordability .
O simply really bad locations used to illustrate a point?

What im saying are these good suburbs?

Or is it like Waterloo in Sydney which has really bad part in front of Housing commission.?

 

Strathmore and Pascoe Vale South are sought after suburbs especially by families due to schools,parklands and are well connected by train and freeway to the CBD.

57 Strathnaver on closer look appears to be on side rather than under flight path so doesn't seem that bad. From what I understand , Essendon Airport is used primarily by private jets and is not that busy compared to other Melbourne airports (Tullamarine and Avalon)

 

Next stop Traralgon? Or Moe?

The south east corridor has already gone far. People looking to buy in Warragul and Drouin seem to have missed the boat. What a joke. How these places have already moved over 200k validates the senselessness of the fhb. Will it go as far as Genoa?

 

Hello I was wondering do you think a one bedroom flat in Elwood would be a better investment? considering its an investment grade suburb or a 3 bedroom established property in Werribee ?

 

I think werribee (for the growth) than elwood for the rental yield (though not sure how popular short term is down that area)

 

Okay thanks Anywhere else i should consider on a budget of $450,000 more or less? I was considering Corio or suburbs around Geelong but i thought Werribee would have better long term growth because of proximity to Melbourne...

 

12 k.m. east, west and north of city is a lot different. Down the east side (talking about boorondara) not many people hold these houses as IP even when credit was easy as not many people can afford 2 mil IPs.

Credit is still relative easy for owner occupiers and most of these guys are on P+I. So I think the first to drop in price will be those areas and property types that are with high proportion of IP (people/banks will always sell IP first and PPOR only as last resort)

 

14 Erica Avenue, St Albans, Vic 3021 - Property Details

 

Not always true. People may choose to sell PPOR first since it is free of CGT.

 

I can’t speak for now but I know Traralgon housing is really starting to move (probs not as hot as Warragul), it may have something to do with the fhb grant as well as general affordability

 

yup - was the highest sale last week auction.

 

And DFO side is quite a bit more expensive! Very hard or next to impossible to get a 4 bdr for 1.2 mill on DFO side in Strathmore

But look, Westfield is closer to Strathnaver!