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It has become more monocultural in recent years and not sure if that would reduce or increase tenant supply.
I think there are good longterm prospects for houses, particularly on larger lots.
Wouldn't be looking at apartments though.
Lets put it this way...ff you bought in Marrickville...then you would also buy in Mooroka
I would have purchased houses if I could afford them
Your comments are completely fair though. Wind the clock forward and increase the population and apartments will do quite well there. I just see greater value in big wads of land in Moorooka over the next 5-10 years. Re-assess then.
That said, I'm sure your 1 bed (+ LUG for just over a quarter mil a year ago from memory) will do very well in the ensuing 5-10
Great suburb. I would be looking for a house with good land content. Something you can add value to , most likely cosmetic reno. Key will be to get it at a good price as prices have been rising in the area for awhile.
Purchased a LMR site here late last year with a decent house on the site for just over 500k. The owner just wanted it sold and didn't even advertise. He could have achieved a higher price.....but I'm happy.
Actually it is 2 brm in Moorooka bought lasy year for 265k odd....I just found out the valuer said is is actual a 90 sqm unit instead of 75sqm I was assuming. And....get this the garage is a massive 40 sqm! The bloody tenant keeps his small boat in it!
The one you are referring to is in Annerley...it is considered a 1 + study with car space and courtyard. However, the study has a window and is as a large as bedroom. Just stating what it says on the contract...it is a tiny 57 sqm.
Actually it is 2 brm in Moorooka bought lasy year for 265k odd....I just found out the valuer said is is actual a 90 sqm unit instead of 75sqm I was assuming. And....get this the garage is a massive 40 sqm! The bloody tenant keeps his small boat in it!
The one you are referring to is in Annerley...it is considered a 1 + study with car space and courtyard. However, the study has a window and is as a large as bedroom. Just stating what it says on the contract...it is a tiny 57 sqm.
Hi Sashi,
May I know any street to avoid? or which street is your property located?
Thanks,