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What can you get for under 350k these days in melb?
Sold today in front of 200 - well above expectations.
...But nothing to fear since it's probably the people's money anyway that he's losing.
Hello forum friends!!
I wanted to get some feedback from some of you clever folk, regarding the state of the Melbourne market.
I have 3 properties, 1 in a leafy north eastern suburb, (purchased 16yrs ago) , and 2 in another leafy eastern suburb. All a units, in nice neighbourhoods, close to all amenities and relatively low maintenance. Their capital growth in the last few years(as with most in melb) has been very very average. The last two properties were purchased 6 and 4 yrs respectively and have seen an average growth of about 5%. Very hard to get moving when the capital growth is so slow.
What do you guys reckon; anybody think that we may see great growth in the next 12 months, or shall I cut some losses and move on. Argh!!! So hard!!
Awaiting your words of wisdom and feel free to ask questions!!
Thanks,
Tgan
...A friend of mine tried to purchase in thornbury today and was totally blow away with the final sale price of a 2 brm 70's style unit that sold for well over $500k. They were banking on it selling about $480. So, things are happening in mel...
It was Northcote a few years back and now Thornbury is becoming another spillover buyers suburb. Looks like the North and Inner North is going to have a good run.
I really don't understand the fascination with those areas but oh well.
Hawthorn is an absolute bargain, compared to garbage like Glen Waverley, Burwood, you name it.
I really don't understand the fascination with those areas but oh well.