VIC PPOR - 3 bedroom house/town House within $900k

I don't think you could get 3bedder in those area with only 600k. Those areas are so overpriced.

 

1. Brand new 3bed townhouse in Glenroy around 600k
1-3/13 Maude Avenue, Glenroy
http://www.domain.com.au/2013631076
2. Small 3bed townhouse in Pascoe Vale for up to $600k
7/17 Pascoe Street, Pascoe Vale
http://www.domain.com.au/2014170783
3. Near new 3bed townhouse in Glenroy for $600k
2/117 Hilton Street, Glenroy
http://www.domain.com.au/2014230359

Plenty of stocks. I am not saying they are good buys though.

 

with 900K you could get houses in preston and reservoir as well (think shopping centre, university - latrobe, RMIT) all the infra stuff and 10-12km to CBD. next to million dollar medians of thornbury, northcote and coburg.

 

Yes reservoir, but regent area of reservoir not the old area.

 

Cant buy a house for 900k in reservoir pr Preston anymore bloody ridiculous! Townhous4s are a million dollars

 

I'd go reservoir(regent) Preston . Not old reservoir away from Edward's lake more next to border Preston.

 

i suggest you go check the sold prices or attend auctions. preston can still be bought below 1mil. or 900Kish. Reservoir - def - you can get a "Residential Growth Zone" property which is more prime than any of the other parts due to its zoning.

Also there're many parts to reservoir - edwarnes lake is not bad and there will be a lot of stuff happening with the reservoir station and broadway - properties on broadway which is in the growth zone are the ones that command the 1mil plus not exactly regent.

 

May I ask, why not good buy. I was thinking of buying something in around that area.

 

I did not say they are good or bad buys. To determine this, one needs to do some research and analysis. I just picked some random houses to show that you can buy townhouses in the area for $600k. Please note that buying brand new house you often pay a premium to the developer. Near new house you will not be able to claim depreciation for fixtures and fittings. Townhouses also have smaller land component compared to fully detached houses, have limited to no value-add potential.

 

thanks for replying