All Topics / General Property / Glen Waverley

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  • Profile photo of blogsblogs
    Participant
    @blogs
    Join Date: 2005
    Post Count: 418
    November 9, 2005 - 8:42 am

    Hi all,

    Im looking at buying a 2 bedroom unit in Glen Waverley (Vic). I have my eye on a very well presented one in the Glen Waverley School zone for $290k+

    Thoughts on area/rental market in area?

    Profile photo of MichaelYardneyMichaelYardney
    Participant
    @michaelyardney
    Join Date: 2001
    Post Count: 616
    November 9, 2005 - 11:42 pm

    Glen Waverley is a great area for investment.

    You should get good long term capital growth and you won’t have trouble finding a tenant.

    Our agency (www.rentingmelbourne.com.au) manages about 50 properties in the Waverley area. They go like “hot cakes”

    Now that you have chosen your area, you must make sure you choose the right parts of Glen Waverley – some areas ar better and get better growth than others and the right property (some are always more in demand).

    Then do your research and ensure you buy below market value – there are some bargains there at present.

    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

Viewing 2 posts - 1 through 2 (of 2 total)

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