All Topics / General Property / docklands-what is the best area to buy

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  • Profile photo of areu486areu486
    Participant
    @areu486
    Join Date: 2004
    Post Count: 1

    interested in peoples thoughts on what will be the best area of docklands in the future.

    i’m not talking about the short term problems of docklands but rather preparing to profit from these problems in the future.my current view is that new quay is exciting with some great restaurants and mirvac has some great buildings but seems a long way away..village docklands i wouldn’t consider and victoria harbour looks very exciting and could be the jewel.

    any thoughts.

    Profile photo of geogeo
    Member
    @geo
    Join Date: 2003
    Post Count: 1,194

    BE CAREFUL!!!

    units in the Docklands are way overpriced and with several more apartment blocks going up in the next two years – they are going to be way over supply – so be careful – your right – the best area is new quay in all of Docks – but they are expenseive and definetly do not return positive cashflow – you’ll have to sit on it for about 10 years I would guess to get Capital growth from it – considering the over-supply of appartments.

    Kind Regards,
    George.

    If You never never ask, you’ll never never know”

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