Where would you buy today?

The only thing is that the holding cost would be huge as Sunshine is quite expensive for 600sqm blocks and very low yield. Are you planning to redevelop it?

 

I can understand what you are saying, but that is another different story, as it depends on individual situation. I do plan on developing it though.

 

What other areas did you look at prior to deciding on sunshine?
I can't believe the growth sunshine has had in such a short period of time. Go sunshine

 

Outer eastern suburb like Croydon, Bayswater, Boronia, ferntree gully.
Do you have any suburb in particular in mind that you like?

 

There's a few areas I like, but I generally target low socio, cheaper buy in prices, cash flow positive/even. sunshine has moved heaps since 2012 when I last tried to buy in. Been looking up Laverton today. I like Frankston and carrum downs, but franga prices have also moved for the price I would like to pay. Broadmeadows as I love it's transport and distance to city. Hoppers crossing as it fits my cashflow well, and for the slogan...west is best.

 

Any reason for those area you like? Or more to suit your financial situation?

 

they are affordable homes for first home buyers and rent really well. melbournes population is increasing every year and people want houses.
They are all relatively close to the CBD, prices cover the mortgage and bills, if you can buy larger blocks-subdivision potential for down the track. Broady has an awesome transport hub. Frankston proximity to beaches is fantastic.
They are pretty much buy, rent, forgot and slowly enjoy the capital growth over time as I pay down debt and increase cashflow.

 

South Coast.
Not sure about tomorrow.

 

Has the South and equal distance North kept pace with each other ?

Was talking to someone from central coast the other day and they have doubled from when they bought they said, it was a few years back though....

 

Hmm, a bit too general, plenty of different areas doing different things I reckon.
But seem to both have done fairly well.

 

Yeah, I really do not know, and your right, would depend on what each area offers.

I always think of North for retirees and South as holiday places, not sure why seeing we had holiday places North years ago.

 

Me too, I always think of the South Coast as holiday locations.
It's interesting seeing the suburban development that has gone on, a lot of the smaller places have spread a fair way.

 

What about Rosebud West?

 

It is well and truly a different world past Frankston. The Mornington Peninsula is Melbourne's holiday and playground area. There is a reason it is so popular. There is nothing quite like it. Also it has fast become a hotspot for growth and investment in the past 2 years.

 

I'd definitely be going down the south coast of NSW - ride the Sydney ripple. I'm sure @BuyersAgent would know the hot spots as to exactly where down that region.

 

Not now! I think the ripple has stopped and prices would start falling back.

 

A downward ripple is nevertheless still a ripple

 

For now I would pick Brisbane if I didn't already have some. Perth would be the next best thing since the upper end(9-10) of town has moved a fair bit. This should be followed by the 6-8 bridesmaid type of suburbs.

 

In south-east Queensland you'd be better investing in the Sunshine Coast. Or even the Gold Coast as a city market rather than Brisbane. Noosa for example is a good investment.

'Brisbane apartment sold for 27.6pc loss; a sign of things to come?'

'Brisbane apartment prices have fallen more than 20 per cent, says Corelogic data'

'Price slashed on Brisbane apartment by $207k'

'Brisbane apartment owners take massive hits as prices hit four-year low, values plunging'

^^^This has me concerned for the broader market!

 

The Brisbane appartment goose has been thoroughly basted, baked then cooked again for good measure...but that doesn't necessarily mean that it will affect the whole market.

There are a lot of people on here making good coin on Brisbane houses close to the CBD or good schools/infrastructure.