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Thanks everyone for your feedback. Very helpful!
Ryan – I am based in NZ and the property market has slowed down considerably here and is going to be subdued for the next 3-4 years. From what I have researched, the residential property market in Australia will grow significantly in the next couple of years atleast. I am mainly looking to invest with capital gains in mind. Why Melbourne ? – Projected growth… plus I am more familiar with Melbourne than any other city in Aus (other than Sydney but it seems way to expensive). Would be interested in your feedback on my view.
maree_bradross: I would MUCH appreciate if you can send me the article. Considering that I am in NZ, I would not be able to get hold of the article any other way. My email id is [email protected].
DWolfe – I am coming to Aus with growth in mind. From a cashflow perspective, I think NZ is a better bet at the moment.
Thanks Chris. This is very helpful.
Would you also have a view on Craigieburn. The suburb seems to be cheaper than Point Cook. Quite a few new houses there as well. It seems to have grown quite a bit in the last couple of years. Do you think it is a good buy?
Thanks
Hi there, I am looking at Point Cook for an investment property as well. I am wondering did you end up buying or did you manage to develop a view on the suburb.
What would you think as the reasonable price range for buying a property there. thanks.
