markxr6t Member 476 Member For: 20y 6m 1d Location: Perth WA Posted 23/02/07 01:45 AM Share Posted 23/02/07 01:45 AM Hi AllSince Jimmy is asking for your opinions, I will too.I'm ready to buy another investment property and can't bring myself to pay the ridiculous Perth prices. As I look at property for sale around Australia I can see value in Brisbane and Melbourne, with Melbourne being my preference.I'm flying over on the 17th March to have a look and will definitely get something.I'm considering Frankston (urban renewal, railway etc..) and surrounding areas, further down the Mornigton Peninsula around Rosebud (retiring baby boomers, close to beach, good size blocks). It seems that for $250k I can get something in these areas that will rent for over $200 which seems like good value.Alternatively, I thought about going South West of Melbourne in the new areas around Point Cook (20ks from City, newish houses, $320k for $280pw rent).Whats in between? Am I neglecting anything? AM I missing something? Is there anything dodgy about the places I've mentioned?All comments and opinions welcome.Many ThanksMark Link to comment https://www.fordxr6turbo.com/forum/topic/32731-investment-advice-2/ Share on other sites More sharing options...
ENVY-T CNUTOX Donating Members 3,098 Member For: 22y 3m 24d Gender: Male Location: Not sure? Posted 23/02/07 03:51 AM Share Posted 23/02/07 03:51 AM At the moment Melbourne is in a rental shortage. Can't go wrong, but if your buying near the beach, don't expect to much for your money. Link to comment https://www.fordxr6turbo.com/forum/topic/32731-investment-advice-2/#findComment-500181 Share on other sites More sharing options...
tab Sucker Moderating Team 32,303 Member For: 21y 5d Gender: Male Location: Brisbane Posted 23/02/07 04:49 AM Share Posted 23/02/07 04:49 AM If you're thinking long term I'd keep away from the capital cities. Look for the "next big thing" as far as beachside holiday destinations Link to comment https://www.fordxr6turbo.com/forum/topic/32731-investment-advice-2/#findComment-500219 Share on other sites More sharing options...
FPV TRANNY Im the one and only Donating Members 3,557 Member For: 20y 3m 23d Gender: Male Location: In my house Posted 23/02/07 04:54 AM Share Posted 23/02/07 04:54 AM Ther is a rental shortage on the Gold Coast.You can pick up a investment property to rent that's in a rental area for around the high $200k to $300k that will rent for $300 to $330 a week.The houses are about 5 years old at there oldest. Link to comment https://www.fordxr6turbo.com/forum/topic/32731-investment-advice-2/#findComment-500223 Share on other sites More sharing options...
jordak Member 1,226 Member For: 20y 10m 21d Posted 23/02/07 04:55 AM Share Posted 23/02/07 04:55 AM Hi AllSince Jimmy is asking for your opinions, I will too.I'm ready to buy another investment property and can't bring myself to pay the ridiculous Perth prices. As I look at property for sale around Australia I can see value in Brisbane and Melbourne, with Melbourne being my preference.I'm flying over on the 17th March to have a look and will definitely get something.I'm considering Frankston (urban renewal, railway etc..) and surrounding areas, further down the Mornigton Peninsula around Rosebud (retiring baby boomers, close to beach, good size blocks). It seems that for $250k I can get something in these areas that will rent for over $200 which seems like good value.Alternatively, I thought about going South West of Melbourne in the new areas around Point Cook (20ks from City, newish houses, $320k for $280pw rent).Whats in between? Am I neglecting anything? AM I missing something? Is there anything dodgy about the places I've mentioned?All comments and opinions welcome.Many ThanksMark←As I recall the last time you were thinking of investing in something over East it was a drug dealing murderers mode of transport Keen to find out how this turns out for you as I'm in the same boat re Perth property prices Link to comment https://www.fordxr6turbo.com/forum/topic/32731-investment-advice-2/#findComment-500224 Share on other sites More sharing options...
Mr Turbo Next stage, to the Pub in 10 seconds Member 2,777 Member For: 20y 8m 17d Gender: Male Location: Berwick Victoria Posted 23/02/07 05:16 AM Share Posted 23/02/07 05:16 AM I have bought a 1000sqm beach front block in Aspendale and looking to build 3 luxurious large town houses on it. The key comes down to a good location, Frankston certainly is picking up is reputation, especially towards the beach shore but be prepared to pay a lot more than $250k ... pending the location or distance away from the beach, schools, transport and shops. Certainly in development terms, beach front is the way to go however land is not cheap due to the location. Keep also in mind who you target ... if youger - close to a Uni? Older - close to transport and shops, Family - closer towards inner suburbia for better job opportunities and schooling.All the best of luck!Rob... Link to comment https://www.fordxr6turbo.com/forum/topic/32731-investment-advice-2/#findComment-500238 Share on other sites More sharing options...
markxr6t Member 476 Member For: 20y 6m 1d Location: Perth WA Posted 23/02/07 05:37 AM Author Share Posted 23/02/07 05:37 AM Thanks for your commentsAs a Perth boy, I never thought I'd see the day where Sydney property looked reasonable, Brisbane good value and Melbourne downright cheap! Link to comment https://www.fordxr6turbo.com/forum/topic/32731-investment-advice-2/#findComment-500243 Share on other sites More sharing options...
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