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All these comments make me laugh: Its so dramatic, however I have taken the plunge n my IP is settling next month; Happy to ride witht the wave…
Hi Octain,
thanks for the reply: I agree with you rental is bit of an issue. currently vacancy rate for post code 3029 is 10-11% , thats huge compared to melbourne which is 1.5-2%. General rule for outer suburbs is between 4-6% but this is huge i wuld say (again it depends on the pockets in the suburb, etc, etc)
Regarding large chunk being released, i think its coming at davis road, next to claremont estate, so definitely downward pressure on prices in the short term.
But long term area would come up nicely, if transport project is not shelved.
Do you recommend any good rental Property manager and good insurance to take out?
Regards
TVtvadera wrote:andlim wrote:Hi,Just wondering if anyone has a rental property in Tarneit, Melbourne and what are your thoughts on the area as a long term investment potential.
Am thinking about purchasing an investment property there, but am concerned that there is an oversupply of rental properties in the area.
Forgot to mention that Rose Grange estate is in Tarneit …..
Hi,
I have just put an offer on a property in Rose Grange Estate (my first IP), Land size of 440 sqm, 3 beds + study, 2baths, 2 car spaces and 2 living areas, total house size is approx 21-22 sqs. House is approx 6 years old
I need to put it on rent once IP settles in first week of April. I have been reading this forum for a while, any suggestions with the rental market and good Property manager, if any one has interests in the area.
I would also appreciate forum members feedback regarding my pruchase (purchase price between 330-340K)
andlim wrote:Hi,Just wondering if anyone has a rental property in Tarneit, Melbourne and what are your thoughts on the area as a long term investment potential.
Am thinking about purchasing an investment property there, but am concerned that there is an oversupply of rental properties in the area.
Hi,
I have just put an offer on a property in Rose Grange Estate (my first IP), Land size of 440 sqm, 3 beds + study, 2baths, 2 car spaces and 2 living areas, total house size is approx 21-22 sqs. House is approx 6 years old
I need to put it on rent once IP settles in first week of April. I have been reading this forum for a while, any suggestions with the rental market and good Property manager, if any one has interests in the area.
I would also appreciate forum members feedback regarding my pruchase (purchase price between 330-340K)
