Investing outside the box in Box Hill without going broke!

Hey everyone,

Just wanted to stop by my favourite property forum to say hello to fine ladies and gents out there Literally fine!!! Meeting with some of you over a weekend seminar has blown my mind as to how youthful and well-manicured, and should I also say buff? the online community is. I definitely wouldn't mind more exposure in terms of get togethers. Maybe I will organise a picnic?

OK so here's me singing the praises of my hometown of Box Hill in Melbourne!

Whether you’re moving out of home or looking for a place to settle down with your new family Box Hill is a suburb that has mountains of potential.

Box Hill, Melbourne has been an up and coming suburb for some time, with recent sales at an average of 1.3mil (says RP Data) . Don’t have a big budget? Don’t Worry!

If you’re looking for something in the mid $500s, there are some unknown gems in the area. They are a little bit run down but if the street they’re on is any indication their potential is unlimited! For about $550 you may be able to score a 2 bedroom 1 bathroom house with a yard.

With a little bit of TLC houses like this are easily livable or re sellable depending on your goals.

Smaller Budget Still? Not to worry, there are some fantastic apartments in the area! With numerous parks and just a short 30 minutes from Melbourne CBD it’s no wonder why Box Hill attracts both young families and single professionals.

And remember if you buy in Box Hill, you'll have an extra pair of peepers (mine!) looking out for your property! I will do my very best to make sure you're taken care of!

Regards,

Mandy

Some very good tips!!!

Is the housing market in Melbourne substantially different from that in Sydney?

Where are Melbourne 'Hot spots'?

I'm not sure how different the housing market is from sydney..

but I've just come from a recent trip to Melbourne and I must say - If you've got the money, try to buy in St Kilda! Everything you could ever need is in arms reach!
Beautiful walking spots and things to do and if you're really lucky you may even be able to buy a place with views!!


Melbourne has heaps of newly developed places, so there is plenty to choose from!

Hey all,

This may sound like I'm raining on a parade of happy Melbourn-ites chirping along to the obvious charms of the city but I have to bring your attention to the valid data. I mean seriously, as investors we must be rational before anything else. Acting on emotion or forming attachments despite what the data tells us is the sureway to bankruptcy! Much like the road to hell, the path to bankruptcy is paved with good intentions but it happens! Even to the most responsible and fiscally-angelic among us!

Sorry all but I have to break it to you that there's an oversupply of housing in Melbourne and there is no eceonomic boom or burst of new jobs in the horizon. You don't have to be an economist to get a whiff of the bad deal that means!

Sydney on the other hand is a city that's expanding and the shortage of housing will mean increase in property values.

I wish all luck, lots of commonsense and above all fair weather as you navigate your ships to reach the destination in your property journeys.

Ships Ahoy!

Cap'n Crunch