5 TOPS

Reservoir
Heidelberg West
Whittlesea
Frankston (excl. Nth)
Carrum Downs

All these areas (in Melbourne) are/have been undervalued for some time, however (according to my crystall ball) should experience good growth in the next decade.

Why would I buy there….still very affordable, why else???

Jo

Hi Geo,

Thanks for your vote of confidence!!! Many of the properties in these areas will not stack up against the 11 second rule, and as such may not be in effect be +CF. However, there are still a few that can be classed as +CF if you look hard enough. But prodominantly I did not nominate them for that reason, moreso because they are still good value.

If you specifically seek +CF (which was not what I thought Marisa was asking) I would thus add Frankston North (which I excluded originally from my list) as there are still some great buys there if that is what appeals.

Marisa, sorry I didn’t mention any in my first post, but as for interstate properties, I would estimate that growth will be experienced in regional pockets of WA, Tassie and certain parts of Qld.

Cheers,

Jo

Hi Guys

i’m with you redwing on Qld especially SE Qld, In Victoria i’d be looking at Geelong and Mildura, but i’d also be reading the 2030 plan for Melbourne.

as far as NZ goes for capital growth i’d be looking at Dunedin in the South Island and Hamilton in the North Island.

But obvously it depends what you want to achieve and where you are in you investing plan, if you want cash flow i’d be mentioning a lot of places in NZ (but i can’t mention them here as i’m trying to buy there myself and for others)

regards westan

I live in New Zealand and for a fee find cash positive deals there, email me at [email protected] to join our database

Hi Jaffa,

Deer Park is about 19km West of Melbourne CBD. It has a high Asian community, and a population overall of approx 14,000 residents. The median house price (for a 3 bedder) is in the vicinity of 250K, which is still very affordable to many first home buyers and/or investors.

Over the last 12 months, sales have dropped somewhat, however it is still growing at about 8% CG per year (it was at 11% rate some 18 months ago).

http://www.brimbank.vic.gov.au/Page/Page.asp?Page_Id=341&h=1

Here what Robert Doyle has to say about Deer Park:

http://www.abc.net.au/ballarat/stories/s1074204.htm

Cheers,

Jo

i wld go for a mixture off +ve cashflow and -ve geared.

melton (outside melbourne – big grwoth expected), melb docklands (im not kidding this time – hold it for the long haul), new zealand (anywhere – nice returns great place), box hill nth (melb – subrub near transport/ammenities/affordable ) and belgrave (melb dandenongs – cheap,undervalued, nice a cool, good rainfall, very attractive, baby boomers)

now to find 2 million dollars

Hello Start,

Footscray, Maidstone, Maribyrnong all about 8km of CBD, proximity good to transport and as with any area <15km of CBD, you can’t go wrong.

St Albans, still only 17km and Werribee a bit further out at 28km from CBD, however both have been undervalued for a long time, and IMO (as well as a few reports over the last 18 months) are long overdue for CG which is highly favourable.

Cheers,

Jo

P.S. If these areas interest, consider Niddrie as well; close to Essendon, near the airport and great racecourse nearby!!!

Anyone got any hot spots in WA??

Wayne Leech

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Well for WA….

for captial gains I’d still pick Rockingham and Mandurah

for +ve cashflow I’d pick Merredin, Geraldton (if you can find any left) and Kalgoorlie (if you can whether the ups and downs of the mining industry).

PK

Ok well that’s my end of town – the western suburbs…I’ve lived there all my life…here’s what I believe…

Niddrie, Keilor, Essendon – good on the uprise, better area than the others as Deer Park, St. Albans, Sunshine etc. Although I believe Essendon will come up slightly more in CG than Keilor.

St. Albans – hard to get +CF but excellent for CG as most of the houses are run down and old. The property market has boomed and the prices of in this area are not the best although you could get great deals. St. Albans would be the best area for Reno’s (Fixer Uppers) – all you’ll need to do is spend approx. 20-30k and the you’ll make a killer on the CG.

Deer Park – there are two sides to this (much like Steve’s experience in Ballarat with two different kinds of properties on either side of the road). The old side in which Brimbank Central Shopping is situated is below price selling for 180k to 280k. The new area (Cairlea) is way overpriced. I went and checked out a tiny double story on the tiny tiny artificial lake late last year and it was priced for 450k. The others are going for 300k+ – the residents there think there in Taylors Lakes – its a joke – definetely not a good investment although many from old Deer Park and selling and moving across the road to the new area.

Footscray is good for capital since its so close to the city. Small apartment/townhouse on Footscray Rd and Geelong Rd (in footscray) going for 300k. The city has alot to be done in it in the next 20 years so this is perfect for CG.

Anyway – just my opinion.

Take care and God Bless,
Kind Regards,
George.

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