Opinions on best suburbs under $500K in Aus??

Viewing 13 posts - 1 through 13 (of 13 total)

Sash
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@sash
Join Date: 2010
Post Count: 91
April 30, 2011 - 3:08 am
Hey Guys,
Curious to hear other peoples ideas on best suburbs currently/upcoming across Australia? For all strategies.
Thanks
Sash.
Want It. Own It. Enjoy It. Achieve It.
ajayayyar
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@ajayayyar
Join Date: 2005
Post Count: 176
April 30, 2011 - 5:23 am
In NSW under $500k i would say –
– granville
– rosehill
– tamworth (Regional)
– wagga wagga (Regional)
Scott No Mates
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@scott-no-mates
Join Date: 2005
Post Count: 3,856
May 1, 2011 - 7:25 am
Sash, there are still quite a few suburbs in Canterbury-Bankstown which are sub-$500k. Many have rail access or the M5. You may not pick up a brick house but there are plenty of big blocks on offer suitable for duplexes or more.
desilucky
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@desilucky
Join Date: 2011
Post Count: 34
May 2, 2011 - 4:53 am
Blacktown for sure,,,,, good for IP,, or even own dwelling as houses still affordable,,,,,, good rental income,,,, Major transport HUB, self contained,,
ladyhawk
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@ladyhawk
Join Date: 2010
Post Count: 13
May 3, 2011 - 4:35 am
Ballarat in Victoria…It is an hour away from Melbourne.
christianb
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@christianb
Join Date: 2009
Post Count: 386
May 3, 2011 - 8:03 am
Have a look at West Heidelberg in Melbourne.
Spotswood seems to be good value.
Also Bendigo or Castlemaine in Central Victoria.
kris07
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@kris07
Join Date: 2007
Post Count: 101
May 5, 2011 - 11:49 pm
I would have to agree with Ladyhawk, Ballarat is certainly one to look out for.
Geelong is doing very well also.
N@than
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@n-than
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Post Count: 241
May 6, 2011 - 1:37 am
Doesn't look like many QLDer's on this thread but I think Townsville, QLD is promising and you can get decent houses under $500 000. It has plenty of different Industries and was announced QLD's second Capital city with the aim to reduce the overcrowding on the South East Coast.
Jason700
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@jason700
Join Date: 2011
Post Count: 17
May 6, 2011 - 1:47 am
tbh why don't you talk to a professional and get them to give you their advice… I mean you don't know us, <moderator: delte language>. Anyway thats what I think
Jamie Moore
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@jamie-m
Join Date: 2010
Post Count: 5,069
May 6, 2011 - 6:37 am
Anywhere in Canberra
You won’t find many CF + IPs but the CG is generally consistent (and has historically been in the double digits). The yields aren’t too bad and the vacancy rates are extremely low.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
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Andrew_A
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@andrew_a
Join Date: 2003
Post Count: 392
May 7, 2011 - 12:13 pm
I will talk up my area since nobody else is stepping in for Brisbane and SEQ
The question is general so in reply I will pose the following general thought question.
There has been a divide in the performance of the greater Brisbane area (including the growth corridors to the coasts and Ipswich). In broad brush strokes the higher quality areas have outperformed the mortgage belt areas. Would you then be looking on an identical dollar for dollar basis to invest X$ in a gentrified area 2-4k from the CBD which has held it's own nicely or gained in value over the last few years, or would you instead be looking to invest X$ in an suburb 25k+ from the CBD where values might have fallen 10-20%? (Might be 1 x 600k house compared to 2 x 300, but dollar for dollar to be fair). I have my own thoughts on this but I find people with strong opinions on both sides.
angelinsydney
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@angelinsydney
Join Date: 2011
Post Count: 270
May 7, 2011 - 9:40 pm
Hello,
Auburn. Close to the Sydney CBD. 15 mins on Express train.
Angel
beedie
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@beedie
Join Date: 2007
Post Count: 158
May 7, 2011 - 10:21 pm
I like around Mt Gravatt Brisbane for the medium term.
Has the key drivers
http://www.brisbane.qld.gov.au/documents/plans_strategies/localplans_mtgravatt_strategy_newsletter.pdf