I am in the process of buying my first investment property in Melbourne. My budget is upto $300k. South east is my favourite. I am confused between Cranbourne, Narre Warren and Berwick. Any suggestions ?
Price will determine where you can invest in Melbourne. You could pick up a house in Cranbourne for $240,000 – $300,000.
Cranbourne has a train line and access to Eastlink in a round about trip. Be careful avoid houses near the old tip site if they are offered to you for a really cheap price if you decide on Cranbourne.I live in Berwick so am a bit biased, but Berwick has:
– Hospital
– University (currently expanding)
– TAFE (currently expanding)
– Good restaurants,
– Bars and Clubs
– Close proximity to Fountain Gate shoppingThere have been a few houses at approx 300K in Berwick the last few weeks,
Hey – my suggestion is Seaford. Close to the water and public transport
Why not west.. Truganina, Wyndham Waters, Tarneit, u can get something under $300k and you are less than 20k's from the city.. actually we can see the city quite well from our I/p. We bought a 24sq house on a large block there for under $280k last year and im sure you can pick something close to that still there. rented quickly and there are grammar schools, shops, a train line is on the way and so is massive infrastructure building. We looked at the Narre Warren/Berwick area but prices for the same thing were higher and out of our budget, Cranbourne had way to many rental properties and its way to far from the city.
We are in the process of doing it again there.
What about a flat in Armidale that you can renovate?
How about Doveton.
Close to Dandenong, great rental potential and still relatively cheap.
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