I have been looking for investment properties in Cranbourne areas, including Cranb. Central, North and West, Lynbook, Hapmton Park. It looks like that the return is not too bad, around 5 – 6%, much better than the average in SE surburb (3 – 4%). Does anybody have any ideas about thest areas or any potentials in the future ? Any comments are welcome…..
Originally posted by bzl8383:I have been looking for investment properties in Cranbourne areas, including Cranb. Central, North and West, Lynbook, Hapmton Park. It looks like that the return is not too bad, around 5 – 6%, much better than the average in SE surburb (3 – 4%). Does anybody have any ideas about thest areas or any potentials in the future ? Any comments are welcome…..
It depends on what you are looking for in your investment property. You will get better cash flow out there but no where near the capital growth of Melbourne’s inner suburbs.
The areas youa are considering are mainly populated by young families, and affordabilty is an issue which will dampen growth in proeprty prices for a few years yet.
For much the same price you can buy an established apartment in Elwood which is predicted by Residex to have 10% capital growth per annum over the next few years
Michael Yardney
METROPOLE PROPERTIES
Author of Australia’s leading property e-magazine.
Join over 10,000 readers each month.
FREE subscription http://www.metropole.com.au
You must be logged in to reply to this topic. If you don't have an account, you can register here.
