VIC Where to buy IP with budget of 900k

Looking to buy an IP in Melbourne with a budget of 900k. looking for long term capital growth. Current suburbs I have in mind are Avondale Heights/Keilor East
Glenroy
Mulgrave
Seaford
Springvale
Heidelberg Heights/West
Looking for any other suggestions and opinions or advice.

 

Curious about this one too. Following thread!

 

I’m basically looking for a house to hold long term (10yrs plus)with subdivision potential. I don’t think anyone could go wrong with the suburbs I just mentioned but would like to hear everyone a thoughts.
I’m abit biased cos I know Avondale/Keilor East better and have some decent capital growth over the years..
Glenroy has better acces to transport though and so does Springvale if I purchase closer to the station.

 

Seaford - further south the better IMHO. Given how the Frankston area is doing right now.

 

Think about a) who your tenants are likely to be, and b) what are the fundamentals that will drive CG - close to school / PT / hospital / university, etc. Go from there.

 

i think aspendale is much nicer than seaford and closer to the city and probably gets a bit of the ripple effect from mordialloc. if price are similar i would look there over seaford. imo only.

 

I reckon Wantirna South would do well long term too with steady, organic CG. Scoresby should benefit from its ripple (it probably already is). FT Gully also, all the way to Belgrave will do well over the long run.