What is the best suburb to buy/invest in Melbourne?
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Hi guys. Would love your feedback.. Me and my partner has just relocated to Melbourne from NZ, both of us have already found permanent full time job and are very keen on buying a house to live/invest in..we both work in the city. our price range is under 350k mainly because from our research we can still get a decent 3 bedroom house in melbourne suburbs for that price.. We have heard great things about TARNEIT??is this real??few of my friends have said this is the place to buy as it is still cheap and there are lots of things being developed?is TARNEIT the best place for us to buy right now and have a good investment in the next 2 -3 years??or is there any other suburbs that are better to invest in..your help would be hugely appreciated.. we know that it takes around 40min to travel to city from tarneit but from what i have heard so does most of the other suburbs in melbourne!
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Answer:
Hi there, Noticed your question and I think "princesswithapen" had some great views. You could also take a look at iPostcodes.com.au. They have a section where they showcase suburbs in great detail. Take a squiz at this one on Elwood: http://www.ipostcodes.com.au/blog/unique-suburbs/vic/elwood-suburb/elwood-victoria-unique-suburbs-from-ipostcodes Victoria is geographically the smallest state in Australia, but it has the second highest population and is the most densely populated.This results in Melbourne, being such a vibrant and diverse city holds almost 75% of the Victorian population. Make sure you choose a suburb that suits YOU, and isn't just good becuase a "Top 10" style list tells you so.
nidhin at Yahoo! Answers Visit the source
Other answers
Hi nidhin Tarneit may be one of your options to buy a property under $350k. But - Are you both really prepared for a 20 minute drive to the train station every morning? - And then a 40 minute train ride into the city? - Make this two times a day, you both will spend about 2 hours each just sitting in the train and doing nothing. If you must own a large 3 bedroom house right now, here are a few suburbs that you can look at. - Pakenham (Yes, it is still possible to find a nice house in pakenham for under $350000. Try auctions and a good real estate agent) - Suburbs beyond Pakenham like Nar Nar Goon, Tynong, Bunyip, etc. I know they are far but you can take the V/Line which will be about an hours ride to Melbourne CBD. The great thing about these suburbs is that you will find a good house with larger spaces. - Take a look at Melton and surrounding suburbs. The VLine ride from Melton to CBD is much less than an hour. There are many new housing developments in and around suburbs nearby Melton. Why do you want a 3 bedroom house? Are ready to live a lifestyle that is an envy of all your friends? Here are some of the top reasons to live in Melbourne CBD. - Do you know that you can but a nice one bedroom apartment in the CBD itself for about $350-400k? - You will have virtually no travel time everyday. - You will save on fuel, train tickets, travel time, frustration every morning, cab rides home on weekends and much more. The benefits of living in the CBD are too many to write down here. - You can walk to coffee shops, malls, bars, pubs, movie theaters, shopping malls, public transport, supermarket, restaurants, take away joints and much more. - You can buy an apartment in the CBD right now and live in it for an year or two to take advantage of the home owners grant from the government. - After these few years, you can put this apartment up for lease (there is never a dearth of tenants in the CBD) and buy another larger house in the outer suburbs when you want to grow your family. Good luck with your house hunting. Don't take rash decisions. I know that searching for a good house to buy in Melbourne can be a long drawn and a frustrating process. But hang in there, be patient and look for a great deal. All the best. Princesswithapen http://princesswithapen.hubpages.com
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