I agree if buying anything apartment wise or off the plan make sure it is Low to Medium density and has something special or unique about it. Make sure there is some land component in the project. Buy one of fewer apartments, not one of many ie. “less is more” remember “land appreciates buildings depreciate”.

Regards,

The reason the gap is so large is that the “median price” reflects the mid point i.e. there are just as many homes above this point as there are below it. It does not represent the “average price”. Given people are spending more and borrowing more to live in the more desirable areas this is showing higher median prices in Frankston South, Carrum…[Read more]

Hi Draygun,
I have had some experience personally and with family buying and selling property from St.Kilda Brighton, Hawthorn, Frankston and Rye on the Morning ton Peninsula. My sister-in-law had purchased a house in The Pines area of Frankston North about 15 years ago. She moved to the UK so asked the question should she keep the property and…[Read more]

Hi Jared,

You didn’t state how much you had in total to spend? e.g. $350K – $400K.
It is pretty hard to buy anything decent in Melbourne under $400K unless you are a long way out. You need to be mindful that the further out you go the harder it can be to rent as demand is much weaker as less infrastructure , transport , employment etc.
Let me…[Read more]