All Topics / The Treasure Chest / Best time to buy property!!!

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  • Profile photo of NishuGNishuG
    Member
    @nishug
    Join Date: 2003
    Post Count: 2
    June 16, 2003 - 3:45 am

    Hi all,

    Help newbie in deciding when to buy a property as
    economists r saying that property boom bubble is going to burst soon ….

    Is it good to buy now or wait for sometime around nov dec ???

    Confused??? As what if we wait for sometime and prices go high…..

    I will appreciate ur inputs…..

    Profile photo of NewInvestorNewInvestor
    Member
    @newinvestor
    Join Date: 2003
    Post Count: 18
    June 16, 2003 - 4:06 am

    Hi NishuG,

    There is never a good time or bad time in investing.It all depends uupon the dela which u make.If u think the deal is good u go ahead.

    becoz the longer u wait the prices keeps gign high.

    which area are u lookign around?

    so happy investing

    Profile photo of NishuGNishuG
    Member
    @nishug
    Join Date: 2003
    Post Count: 2
    June 16, 2003 - 4:14 am

    Thanks New Investor,

    We r looking for a property around 260-270K but we r not sure which area to go for.We will prefer the area where we can get atleast a good unit(2 BR or 3 BR) within this range.

    Can u suggest some suburb in Zone 1 as we want to live close to city as we work in city??

    We have looked for a unit in carnegie,murumbeena,oakleigh,hughesdale….

    But prices r really high now a days….

    So now it seems that we can buy a house somewhere in Dandenong or Hallam….(Zone 3)

    Pls suggest is it a good idea to go so far from the city…..

    Profile photo of AdministratorAdministrator
    Keymaster
    @piadmin
    Join Date: 2013
    Post Count: 3,225
    June 16, 2003 - 5:47 am

    NishuG with 250-270k you still should be able to buy a house within 15k’s from the city, Take a look at http://www.realestate.com.au and select some suburbs that you are interested in.

    Good Luck
    Chris

    Profile photo of SooshieSooshie
    Member
    @sooshie
    Join Date: 2002
    Post Count: 974
    June 16, 2003 - 7:29 am

    Hi NishuG,

    For that price, you might want to look at Clayton, or further up North Rd, Bentleigh East, Moorabbin, Cheltenham etc. You can actually buy a house for that price in certain areas if you look hard enough, but it depends on what you are after.

    Cheers
    Sooshie [:)]

    “Giving is a Blessing, receiving is the bonus”

    Profile photo of dr housedr house
    Participant
    @dr-house
    Join Date: 2001
    Post Count: 281
    June 16, 2003 - 7:44 am

    You are not worried about being cash flow negative?
    I think outer east is still great value, for that money you can get a fantastic house and land.
    Most investors buy unit/apart’s.
    Most owner occupiers buy houses (70%).
    Most people still prefer to rent houses, units are slow to rent were my properties are.
    Infrastructure is also very good here.
    I really like Croydon, also look at Ringwood for that price range.

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