Forum Replies Created
- yarpos wrote:mrkueh80 wrote:
I never been to frankston, one of my friend told me that frankston is not really a good area and bit doggy..is that true???
I notice near they sky road…litter bit up north -east of frankston CBD..the house is about 300k and able to get about 4x 2 double story house..which is very cheap compare to close to CBD.
I actually located in Perth, but i still Like melbourne..my plan is to move to meloburne within few years…i already predicted melbourne property will go up becuase there is no way PERTH property is more expensive than Melbourne…. but I have no enough money to invest for the past two years..and now i believe the market is stablalise and high interest rate will not make any money from property market for at least a year..i believe…
any other area good to invest..? actually my investment capital is about 300k and hopefully can get at least 5% returns…
Matter of opinion re what Frankston is. Its a bit like people who devalue Melbournes west, often without having lived or worked there…… I heard, someone said, my brother in laws 2nd cousin reckons type stuff.
Yes a property where you talk about will be cheaper than the CBD 40ish kilometeres away, thats pretty normal in any city. It is a pretty risky line of thinking linking rates in one city to another. Perth is in the middle of a mining boom that may go on for decades or may end next year. Personally I dont want Melbourne to go they way Sydney and Perth have gone as we will have as many people in the shit as they have. If progress is steady and we lag those places that will be fine (and in todays world not going backwards would be equally fine).
There are many good areas to invest in Melbourne, but what are your objectives? just to get into this market or something you want to move to later or ……………….? From a personal perspective if I had another 300k to invest in Melbourne I would buy a 2BR apartment in the inner north < 10k from the CBD. We have one there now and I am selling up a place further out (not Frankston as I think it still has growth potential) to invest further. Areas of the inner west are re-cycling now also and have reasonable prices and city proximity.
you reckon you would buy in frankston? how about west area of melbourne? i heard is full of factories and not many ppl wanna move to west…
My main objective is to invest my first investment property in melbuorne..about 300k..and get good return from rental and growth. if hits to double let say 600-700k, then i probably will sell the property (that might be after 7-10 years).
I dont really like perth now..as is too rediculous, the area i am looking at is in langford (WA) 8 years ago the median price is appox 75k, now worth 335k (only approx 14km to CBD), but….is really a big gap in 8 years….. which i believe it might be stablalised for long term…
i am not sure whether is good time to invest as i still need to wait for few months to see how the market perform.
Terrance
I never been to frankston, one of my friend told me that frankston is not really a good area and bit doggy..is that true???
I notice near they sky road…litter bit up north -east of frankston CBD..the house is about 300k and able to get about 4x 2 double story house..which is very cheap compare to close to CBD.
I actually located in Perth, but i still Like melbourne..my plan is to move to meloburne within few years…i already predicted melbourne property will go up becuase there is no way PERTH property is more expensive than Melbourne…. but I have no enough money to invest for the past two years..and now i believe the market is stablalise and high interest rate will not make any money from property market for at least a year..i believe…
any other area good to invest..? actually my investment capital is about 300k and hopefully can get at least 5% returns…
