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Plestor

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Realestate talk time.

Looking to buy my first property, market is ludicrous in Darwin so I've been searching interstate, mainly Melbourne. Looking for something between $300-$370k. Quite a few nice 1/ 2 bedroom apartments in Docklands, Flinders/Collins and other conservative business dress areas, as well as some nice townhouses in Point Cook.

It will solely be for investment and up for rent as I'll be in the NT until my degree is finished, so I'm wondering where is the best place to buy in my range. Few articles mention a surge of new apartments in docklands are bringing down rental prices... Any pointers or thoughts will be appreciated!


Australian property is unsustainably over priced.
 
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jobro

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Not really if you consider the room for expansion and economic development.
 
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Journeyman

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Michael Bastian's idea surrounding pink shirts that certain members here champion better work.

Pink shirts are great. I've got two plain (one poplin and one oxford), a couple in different stripes, and a small-scale gingham check. Highly recommended.
 

Geoffrey Firmin

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Michael Bastian's idea surrounding pink shirts that certain members here champion better work.


As the young laides used to say to the Bundaberg Bear "I like a man who wears pink" Go for it and good luck.:fonz:
 

fxh

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Realestate talk time.
Looking to buy my first property, market is ludicrous in Darwin so I've been searching interstate, mainly Melbourne. Looking for something between $300-$370k. Quite a few nice 1/ 2 bedroom apartments in Docklands, Flinders/Collins and other conservative business dress areas, as well as some nice townhouses in Point Cook.
It will solely be for investment and up for rent as I'll be in the NT until my degree is finished, so I'm wondering where is the best place to buy in my range. Few articles mention a surge of new apartments in docklands are bringing down rental prices... Any pointers or thoughts will be appreciated!
With some notable exceptions much of this stuff is overpriced and badly built. In addition much of it is too small for Australian standards, badly soundproofed - expect to hear above beside and below = 6 sides go to toilet - and not even mentioning music and real noise etc - bedrooms too small to fit a kingsize bed in - the list goes on. Friends of mine run a Owners Corp/Body Corp management service - they wont touch any blocks of apartment /units under 5 years old because of shoddy building and defects. Anything that offers a rental guarantee for first 12 - 24 months is bad - think about who is paying for the guarantee - you the buyer @ current interest rate too - and if it was in demand there would be no need for guarantee anyway. Huge Owners corp fees and outgoings for defects etc etc . Think about it - what returns can you get above a 100 day bank bill or a term deposit - risk and worry free - or an indexed fund. Off the plan is only worse. But hey - real estate buying selling losing winning like share trading makes the world go round.
 
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Foxhound

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I'm about to pass out. Sister in law and her parents are over tonight. Everyone says I look fine. Thanks heaps MB.
PG0wtuC.jpg
 

PapaRubbery

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With some notable exceptions much of this stuff is overpriced and badly built. In addition much of it is too small for Australian standards, badly soundproofed - expect to hear above beside and below = 6 sides go to toilet - and not even mentioning music and real noise etc - bedrooms too small to fit a kingsize bed in - the list goes on. Friends of mine run a Owners Corp/Body Corp management service - they wont touch any blocks of apartment /units under 5 years old because of shoddy building and defects. Anything that offers a rental guarantee for first 12 - 24 months is bad - think about who is paying for the guarantee - you the buyer @ current interest rate too - and if it was in demand there would be no need for guarantee anyway. Huge Owners corp fees and outgoings for defects etc etc . Think about it - what returns can you get above a 100 day bank bill or a term deposit - risk and worry free - or an indexed fund. Off the plan is only worse. But hey - real estate buying selling losing winning like share trading makes the world go round.

Thoughts on the Ryan&Leveson Development on Leveson Street, North Melbourne?

At least melb isn't as bad as Syd!
 

Geoffrey Firmin

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