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In my opinion, there are no suburbs in Melbourne worth investing in (for an IP).Prices way too high. Yields too low and prices I think are more likely to steady/fall rather than rise. My opinion only.
Hi all.
I remember hearing about how super expensive property in Tokyo was about 10-15 years ago and it seems this has been followed by extended periods of zero/-ve price growth.
Interestingly, I was reading something the other day which suggests that now some of the Australian cities are now becoming some of the more expensive in the world.
Does anyone think the same could occur here?Doncaster, about 15 KM east of Melbourne.
Hi all.
I’ve got a 2004 BA MK11 Falcon SE ute with carryboy canopy on the back. Best thing is that it is a dedicated gas engine (no petrol), and is unbelievably cheap to run. I love my ute.
The wife has a 99 Kia Carnival. Great car for holidays, more room than any 4WD.Dont huge amounts of money have to be spent to maintain, replace and/or ultimately remove underground tanks and replace soil?
You should check this first.Good luck.Hi Yasmina,
I used for a property purchase a lawyer called Elzabeth Taylor, who runs her own practice from Burleigh Heads.
Don’t let the Hollywood type name put you off. She is very down to earth, honest etc. I was very happy with her services.Flats or houses. Toss a coin. With flats less maintenence issues, easier to buy into and higher return generally. With houses, more flexibility to renovate/develop etc and there are only so many houseblocks in desirable locations so potentially higher growth. Flats are probably better suited to less experienced investors, although individual circumstances can vary.
If we purchase anywhere today we will be unlikely to see any price growth for some time, especially properties with very low rental yields.
1. am now 39.
2. will never retire, but will work at my own pace.I heard early retirement is a killer.
3. Financially free now.LifeX, I agree with you 100 percent.I have properties there in traralgon and I am holding on to them long term. They have been very good to me over the years, showing very high return and almost zero vacancies.
For an area so close to melbourne, about one hour to eastern suburbs, with such infrustructure etc, I believe it still offers great value. Compare prices with other regional areas.
Traralgon is an expanding town, so steady growth should continue.
To all those posters who can the area for no apparent reason, remember that in Melb/syd etc you will be risking/paying/borrowing HUGE $$$, lucky to return 3% and lucky to see any price rise in the next 10 years due to recent growth.I’m sorry, did I hear someone say overpriced?
