All Topics / Help Needed! / Ashwood and near by suburbs – good for investment?

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  • Profile photo of Liz YangLiz Yang
    Member
    @liz-yang
    Join Date: 2012
    Post Count: 3
    November 8, 2012 - 11:35 pm

    I'm thinking of buying a house around Ashwood for investment. Is it a good suburb to invest?

    Profile photo of sapphire101sapphire101
    Participant
    @sapphire101
    Join Date: 2006
    Post Count: 203
    November 10, 2012 - 12:56 am

    Hi Liz

    Yes it is ( or was) – check how it stacks up to the neighbouring suburbs. Only 3 years ago Ashwood was the forgotton suburb in that area, while others such as Glen Waverly went "gang busters" and shot ahead in values almost to a ridiculous point.

    Ashwood has some old, commission type areas which werent looked at kindly so investors avoided the area. I know a person from this community who developed a block with 3 speccy townhouses and sold them all off the plan before the foundations went down.

    If prices are still considerably lower than neighbouring suburbs then I would definitely prospect more in the suburb and use the ripple effect to my advantage.

    Ian

    Block Head | http://www.theblockblog.com.au

    Free Property Investing Info, Tools & Resources For Investors With A Sense Of Humour & More…..

    Profile photo of Liz YangLiz Yang
    Member
    @liz-yang
    Join Date: 2012
    Post Count: 3
    November 12, 2012 - 11:55 am

    Thanks Ian. Very good info. I will rethink about where to invest.

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