VIC St. A (Cedar Woods)

Discussion in 'Where to Buy' started by Curious1, 5th Jun, 2016.

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  1. Curious1

    Curious1 New Member

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    Melbourne
    Cedar Woods has a new development coming up in St Albans, close to Vic Uni, hospitals and other services. Do you think that this development has potential for a first investment property (as compared to buying a run down house for renovation in a more established area)?
     
    Curious1, 5th Jun, 2016
    #1
  2. strongy1986

    strongy1986 Well-Known Member

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    why would you buy a house that is more expensive and most likely on a smaller block just because its new?
    In 25 years is cedar woods going to be worth more because the houses are newer? I wouldnt think so
     
    strongy1986, 5th Jun, 2016
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  3. Curious1

    Curious1 New Member

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    18th May, 2016
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    Melbourne
    Thanks for the feedback. It was the cost which caught my attention. $407 k for a three bedroom townhouse (granted much smaller than an established house). Whole new town development, was curious if there was any insight into the area of St Albans. My choice will be to spend more on a run down (in a more established area) and do a reno or buy into a new development.

    http://www.staliving.com.au/town-homes
     
    Curious1, 5th Jun, 2016
    #3