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Vic options - Broadmeadows, Newcomb, or Sunshine West?

Discussion in 'Where to Buy' started by Moist, 30th Dec, 2015.

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Broadmeadows, Newcomb, or Sunshine West? in 2016 and further

  1. Broadmeadows

    0 vote(s)
    0.0%
  2. Newcomb

    27.3%
  3. Sunshine West

    72.7%
  1. Moist

    Moist Well-Known Member

    Joined:
    24th Jun, 2015
    Posts:
    93
    Location:
    Melbourne
    Thoughts? Looking for a relatively cheap option with decent yield...
     
  2. jpcashflow

    jpcashflow Well-Known Member Business Member

    Joined:
    21st Jun, 2015
    Posts:
    371
    Location:
    Melbourne
    Hi Moist,
    Hope you are well?

    I am from Melbourne and I know these three areas quiet well. Sunshine West would be my pick number one. I am a big fan of Melbournes West and we are going to see allot of investment being allocated into the area from both local and state level.

    Sunshine West has some really good pockets and some really bad pockets so if you need a hand just let me know.


    Broadmeadows seems to be on the rise as well :)
     
    Kangaroo and ross100 like this.
  3. JetstreamVic

    JetstreamVic Active Member

    Joined:
    29th Dec, 2015
    Posts:
    30
    Location:
    Melbourne
    Just purchased a place in Newcomb. It's only a short distance to super expensive houses in Geelong. Near the hospital, near the beach etc.

    From my place to where u can swim is 3min away.

    3 mins away from the beach on the other side would be massive dollars
     
  4. Greyghost

    Greyghost Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    1,253
    Location:
    Melbourne
    Sunshine west. Much more money has been spent on infastructure in the last few years in Footscray etc.

    I was looking to buy in sun west 6 years ago. Have seen some good growth since then even in the bad parts.

    Sunshine proper is getting some silly prices ATM so this has flow on effect to sun west.
     
  5. S.T

    S.T Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    428
    Location:
    I'm not selling anything
    They doing anything with the old Cheetham salt pans/lakes yet? Was looking at this area a number of years ago, always thought it had potential when they worked out what to do with cleaning up that area.
     
  6. keroppi

    keroppi New Member

    Joined:
    8th Nov, 2015
    Posts:
    3
    Location:
    Melbourne
    Why limit yourself to these three areas? You may also wish to consider surrounding suburbs such as Glenroy or Albion.
     
    Moist likes this.
  7. JetstreamVic

    JetstreamVic Active Member

    Joined:
    29th Dec, 2015
    Posts:
    30
    Location:
    Melbourne
    Can only hope, lots of plans, and given developments around Werribee, it will only be a matter of time
     
  8. Moist

    Moist Well-Known Member

    Joined:
    24th Jun, 2015
    Posts:
    93
    Location:
    Melbourne
    I suppose I meant those areas as well, just that Broadmeadows and Sunshine west have a lower median I believe.

    What sort of yield are you getting Jetstream? Any problems with vacancy around there?
     
  9. JetstreamVic

    JetstreamVic Active Member

    Joined:
    29th Dec, 2015
    Posts:
    30
    Location:
    Melbourne
    305 p/w, same tenants last 7 years
     
  10. bernardblack

    bernardblack Active Member

    Joined:
    30th Oct, 2015
    Posts:
    39
    Location:
    VIC

    Do you mind sharing the good and bad pockets in sunshine west?
     
  11. jpcashflow

    jpcashflow Well-Known Member Business Member

    Joined:
    21st Jun, 2015
    Posts:
    371
    Location:
    Melbourne
    Hi Bernardblack,

    I do not mind sharing at all... but before I send you a map what type of properties are you looking for?