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Melbourne, Wadonga or Adelaide

Discussion in 'Where to Buy' started by dabbler, 4th Nov, 2015.

  1. dabbler

    dabbler Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,663
    Location:
    Sid en e - olympic city
    If you had 250k to allocate witha preference for detached house and land, where would you use it and why ?
    if not a house, what town house where and why ?

    With Adelaide, would rather be away from Elizabeth.
     
  2. Barny

    Barny Well-Known Member

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    16th Oct, 2015
    Posts:
    1,178
    Location:
    Melbourne
    Who is this person wadonga you speak of?
     
  3. dabbler

    dabbler Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,663
    Location:
    Sid en e - olympic city
    A very fine and distinguished person indeed.

    Good catch, can someone fix my spelling mistake :)

    Now, Barny, what would you have to say about these areas ?
     
    Barny likes this.
  4. Barny

    Barny Well-Known Member

    Joined:
    16th Oct, 2015
    Posts:
    1,178
    Location:
    Melbourne
    I'm terrible at property. I have one in Adelaide davoren park, it does its intended purpose of cash flow but I wouldn't bye there if your after growth anytime soon. I'll let the Adelaide team jump,in on this one.
    For that budget in Melbourne, only places in Melb I know is around Wyndham/Werribee that you can get around 250k, rent it for 300. One recently sold in the same street as my ip for 240k, they have just put in plans to build a rear dwelling and Reno the front one up. Not sure it's worth building it now, as I did this 3 years ago and only made 50k on paper.
    Also I personally wouldn't invest again, unless it's a major city, massive population growth for the area.
    Best of luck dude.
     
  5. D.T.

    D.T. Adelaide Property Manager Business Member

    Joined:
    13th Jun, 2015
    Posts:
    5,569
    Location:
    Adelaide, SA
    With 250k I'd rather get into Salisbury or Christie Downs than Elizabeth.
     
    joel likes this.