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  • Profile photo of No1No1
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    @no1
    Join Date: 2010
    Post Count: 22
    November 17, 2010 - 9:12 am
    Scott No Mates wrote:
    Banks aren't lending on commercial (generally) so it is going to be tough.

    Hi No Mates. They are all still lending for commercial. What makes you say banks are not?

    Profile photo of No1No1
    Member
    @no1
    Join Date: 2010
    Post Count: 22
    November 17, 2010 - 8:58 am

    Might be great in the short term. A lot of the new estates do very well as the estates fill out. On the downside Cranbourne is a lower income area with thousands of new houses being built. If all goes well you will be fine but if the market drops in Melbounre I would be comparing Cranboune to the outer Western suburbs of Sydney. If neg geared I would say no for investment.

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