VIC Suburb choice @ 400K - 450K

Discussion in 'Where to Buy' started by doubletoplei, 17th Apr, 2016.

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  1. doubletoplei

    doubletoplei Well-Known Member

    Joined:
    17th Apr, 2016
    Posts:
    136
    Location:
    Geelong
    Hi All,
    First time investor here living in Geelong, looking to get the first IP within the next month or two. Currently looking for Derrimut or Berwick, but also quite open and much appreciated with other recommendations. Don't mind a bit of NG but probably not too high. Strategy will be Buy and Hold. Many thanks for viewing and your input.
     
    doubletoplei, 17th Apr, 2016
    #1
  2. JamesP

    JamesP Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    166
    Location:
    Melbourne
    I'd highly recommend Berwick over the entire metro west. When St Albans and Sunshine medians have caught up you know there's an anomaly :eek:

    As far as South East Melbourne goes:

    Berwick>Beaconsfield>Narre Warren/Officer>Cranbourne East>Dandenong >Doveton>Cranbourne>Frankston ;)
     
    JamesP, 17th Apr, 2016
    #2
  3. ashimashi

    ashimashi Well-Known Member

    Joined:
    17th Mar, 2016
    Posts:
    78
    Location:
    Melbourne
    I'd throw Sunshine West in the mix. But both Doveton or Frankston are good choices, both areas still offer plenty of options well below the 400k mark on decent blocks in need of some TLC.
     
    ashimashi, 17th Apr, 2016
    #3