All Topics / Help Needed! / Melbourne: Craigieburn vs Point Cook
G’dday
I am looking to buy an investment property in the next couple of months in Melbourne. I have shortlisted on 2 suburbs.. Point Cook or Craigieburn.
Would you be able to share your views on these suburbs. If you had to pick one … which one would it be and why?
cheers
I can't comment on the Craigieburn area. What I will say about Point Cook is this:
I do not have property there. I have property down the road in Hoppers Crossing. Last time I bothered to look at Point Cook as an investment possibility, the roads linking the area to the freeway troubled me. It looked like a huge bottleneck with more houses being built (and thus more cars to delay getting onto the freeway). I would research such things. If possible, simulate the commutes between a suburb and the main centre (Melbourne) during peak hour. This will tell you whether your proposed investment property is a feasible commute for most people working in the city. I'd also compare prices in Point Cook to the neighbouring suburbs. It seemed kinda overpriced to me, though I've not looked for a while. Check how close it is to Altona Meadows which still seems cheap, and work out if it will soon be the case that the two will merge, and if you would as such have spent too much for something just across the road from a cheaper proposition.
All that said, Point Cook has been a popular area. Must be a reason.
jac
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone MeVIC Buyers' Agents for investors, home buyers & SMSFs.
Hi There, I have lived in the west and in the north. I have been telling people for some time, invest in Craigieburn. There is so much going on in terms of development and building- roads- town centre- its all there and affordable. I love Point Cook but I would not invest there as I think it is at the top of the market price- Craigieburn is growing and a bit daggy so its got room to grow in value. You can still pick up dumps cheap and reno them. My thoughts on the topic!……………..
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