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VIC Top melbourne suburbs for growth 2015

Discussion in 'Where to Buy' started by Pins, 30th Jan, 2016.

  1. Pins

    Pins Well-Known Member

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  2. teetotal

    teetotal Well-Known Member

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    Isn't Sunshine to Melbourne is like Blacktown to Sydney ?? From demographics perspective.
     
  3. BigKahuna

    BigKahuna Well-Known Member

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    Wow, a 28% increase in some of those suburbs. I'm glad to see that things are happening along the south-eastern corridor of Melbourne. After Clayton comes Westall, Springvale, Noble Park and Dandenong.
     
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  4. MTR

    MTR Well-Known Member Premium Member

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    Thanks
    Interesting, Sunshine has had a great run.
    I know many investors were targeting this as was low entry, my how things change.
     
  5. MTR

    MTR Well-Known Member Premium Member

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    BK

    Me too.

    I have been banging on this for some time now. Seems to be flying under the radar.
    South East corridor, look at lower entry for growth.

    MTR:)
     
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  6. BigKahuna

    BigKahuna Well-Known Member

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    MTR, Yes, prices are still affordable in the south-east: Dandenong, Noble Park, Keysborough, Springvale. But I'm seeing developers building large apartment complexes after buying up a few blocks. Residential Growth Zones are helping that along. Dandenong to the city by train (which come frequently) takes only 35 minutes.
     
  7. Coota9

    Coota9 Well-Known Member Premium Member

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    City side of M80 Ring Road in the west are great area's IMO.

    Arder(16 KM from CBD) Median-380K
    Albion(13 KM from CBD)Median-460K
    Sunshine(11 KM from CBD)Median- 530K
    West Sunshine(11 KM from CBD) Median-451K

    Maps from Melbourne 2050 Plan
     

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    Last edited: 30th Jan, 2016
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  8. JacM

    JacM VIC Buyer's Agent Business Member

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    Not really no. However does it really matter? Property is invested in for money. A dollar earned in Blacktown buys the same loaf of bread as a dollar earned in Bondi. What your tenants look like, dress like and do with their time doesn't change that fact.
     
    Last edited: 3rd Feb, 2016
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  9. cherubym

    cherubym Well-Known Member

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    What your tenants act like to your property and how they look after your property do matter. Quality tenants are always good for your peace of mind.
     
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  10. Esel

    Esel Well-Known Member

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    Anyone got a link to the stats for all suburbs please?

    West heidelberg and fairfield did well. Those suburbs look like good value compared to the eastern suburbs that they arent really that far from.
     
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  11. JacM

    JacM VIC Buyer's Agent Business Member

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    Indeed that does matter. When I earlier referred to not minding what my tenants do with their time, I meant I don't mind whether someone likes to play nintendo, or swim at the beach, or go to gala dinners. I do mind if a tenant chooses to spend time trashing my property.

    I've found that of my own tenants, those in the lower socio economic bracket are the best ones. They really look after the place, are very grateful for being offered lease renewals each year, are truly lovely people and very respectful, and even really listen to what tradies have to say when on site and are wary on my behalf of unnecessary expenditure with tradies etc. Meanwhile non-lower-socio-economic tenants are making constant demands, not taking as good care of the place, and saving up to buy their own homes. So they don't stay long.... they move out and of course that means getting the place up to scratch for new tenants. A good tenant lets you sleep at night and helps you on your wealth-building quest. A good tenant can indeed be a lower socio economic tenant (and often is). Don't rule them out ;)
     
    Last edited: 30th Jan, 2016
  12. cherubym

    cherubym Well-Known Member

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    Well, I won't. 2 of my properties are in non-lower socio economic areas. So far the tenants there are fine. Just recently purchased another 2 in low socio economic areas in Brisbane. So I should be able to compare those 2 groups after at least a year lease. Property managers play a great role in filtering out good ones from bad ones too.
     
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  13. JacM

    JacM VIC Buyer's Agent Business Member

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  14. Coota9

    Coota9 Well-Known Member Premium Member

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    Article on Albion below

    Albion the Brimbank Suburb to Watch in 2016
     
  15. melbournian

    melbournian Well-Known Member

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    Not million dollar club yet but still good growth. Sunshine is very similar to clayton but I suspect other suburbs like Maidstone would reach the million dollar club first
     
  16. Pins

    Pins Well-Known Member

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    I think you got that one right. It's changing but not that quickly! Anyone who bought something decent in Maidstone 4 years ago would be doing well.
     
  17. Rixter

    Rixter Well-Known Member

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    Nice to see one our holding in Hawthorn East ranked exceptionally well.
     
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  18. UrbanDingo

    UrbanDingo Member

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    hi Rixter, as an experienced investor, wt is your opinion on buying apartments not the newer ones but old school in inner suburbs say fairfield, thornbury, northcote, as I cant afford townhouses (I know you buy townhouses)...do they see good capital growth.....
     
  19. melbournian

    melbournian Well-Known Member

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    Yeah it is changing maybe another 4-5 years sunshine will be a clayton. Maidstone is peaking fast over last year.
     
  20. Gary123

    Gary123 New Member

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    Anyone has ideas on Mernda?? Train station coming up there too. New estates and quite amount of development. Only there is no motorway in North. Thinking of buying to live there. How does it stack up for future growth??