Buying in the western suburbs in victoria

Viewing 5 posts - 1 through 5 (of 5 total)

ronnie01
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@ronnie01
Join Date: 2013
Post Count: 54
January 16, 2014 - 11:31 pm
Hey guys what do you reckon about buying in the western suburbs like werribee, tarneit, hoppers crossing etcc….
Thanks
Redwood
Participant
@redwood
Join Date: 2013
Post Count: 340
January 17, 2014 - 10:57 am
Hi there, really depends. What are you looking for? buy and hold? reno? develop? what sort of yield are you looking for?
Financing also important which the brokers here will assist with depending on your scenario
Redwood | REDWOOD | SMSF | PROPERTY | FINANCE
http://redwoodadvisory.com.au
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SMSF - PROPERTY INVESTMENT - WEALTH CREATION AND FINANCE SOLUTIONS
jmsrachel
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@jmsrachel
Join Date: 2012
Post Count: 711
January 17, 2014 - 11:02 am
I wouldn’t go further than Altona. Too much traffic and demographic changes quite rapidly. Perhaps laverton as a wild card.
mattsta
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@mattsta
Join Date: 2011
Post Count: 604
January 18, 2014 - 6:58 am
To help you out, you could also check out some of the demographic info and comparative house prices of those western suburbs. You could use free research from the resdex website and the sqm website.
Jacqui Middleton
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@jacm
Join Date: 2009
Post Count: 2,539
January 18, 2014 - 9:52 pm
You need to be vary wary of vacancy rates in the Werribee / Tarneit / Hoppers Crossing areas. There is plenty of property available for rent and sitting empty.
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
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VIC Buyers' Agents for investors, home buyers & SMSFs.