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<h1><span class="prefix prefixPrimary">VIC</span> Melbourne Property Market 2024</h1>
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Discussion in '<a href="forums/where-to-buy.3/">Where to Buy</a>' started by <a href="members/properwin.23013/" class="username" dir="auto">Properwin</a>, <a href="threads/melbourne-property-market-2024.75213/"><abbr class="DateTime" data-time="1704322958" data-diff="181915" data-datestring="4th Jan, 2024" data-timestring="10:02 AM">4th Jan, 2024 at 10:02 AM</abbr></a>.
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Let&#039;s start a new Melbourne Property Market for the 2024 New Year...<br />
<br />
How&#039;s the market looking like so far experts?<br />
<br />
Here&#039;s a fun article in the meantime:<br />
<br />
<a href="https://www.realestate.com.au/news/dick-pic-among-victorias-most-clicked-on-bargain-real-estate-listings-in-2023/" target="_blank" class="externalLink ProxyLink" data-proxy-href="proxy.php?link=https%3A%2F%2Fwww.realestate.com.au%2Fnews%2Fdick-pic-among-victorias-most-clicked-on-bargain-real-estate-listings-in-2023%2F&amp;hash=9413195d32257cdfeebeffbb9d1c90c5" rel="nofollow">Victoria’s most clicked on bargain real estate listings in 2023 - realestate.com.au</a><br />
<br />
<span style="font-size: 22px"><b>Victoria’s most clicked on bargain real estate listings in 2023</b><br />
</span><br />
<span style="font-size: 18px">A regional Victorian house listed for sale with a dick drawn on the wall and a pentagram hanging over the fireplace was one of the state’s most viewed bargain homes in 2023.<br />
<br />
The fixer upper at <a href="https://www.realestate.com.au/sold/property-house-vic-beulah-142108616" target="_blank" class="externalLink ProxyLink" data-proxy-href="proxy.php?link=https%3A%2F%2Fwww.realestate.com.au%2Fsold%2Fproperty-house-vic-beulah-142108616&amp;hash=106b010901c98dea7b1e85b6bb104fa0" rel="nofollow">70 Henty Highway, Beulah</a>, was described as ‘what you see is what you get’.<br />
<br />
And what the 29,000 prospective buyers who visited the listing online saw was a serious renovation project, and graffiti genitalia.<br />
</span><br />
<span style="font-size: 15px">----<br />
<br />
And another article here might be of interest for 2024:<br />
<br />
<a href="https://www.realestate.com.au/news/victorian-suburbs-to-watch-in-2024-home-buyers-to-search-further-afield-for-value/" target="_blank" class="externalLink ProxyLink" data-proxy-href="proxy.php?link=https%3A%2F%2Fwww.realestate.com.au%2Fnews%2Fvictorian-suburbs-to-watch-in-2024-home-buyers-to-search-further-afield-for-value%2F&amp;hash=8ceadf65d4d3649d1270eae3e6f3a15d" rel="nofollow">Victorian suburbs to watch in 2024: Home buyers to search further afield for value - realestate.com.au</a><br />
<br />
<span style="font-size: 22px"><b>Victorian suburbs to watch in 2024: Home buyers to search further afield for value</b></span></span><br />
<span style="font-size: 15px"><span style="font-size: 22px"><b><img src="proxy.php?image=http%3A%2F%2Fblob%3Ahttps%3A%2F%2Fwww.propertychat.com.au%2Feaf62443-0c01-45d0-a765-b74066a80a20&amp;hash=597dbf8a47f41cb19974220661d1089a" class="bbCodeImage LbImage" alt="[&#x200B;IMG]" data-url="http://blob:https://www.propertychat.com.au/eaf62443-0c01-45d0-a765-b74066a80a20" /></b></span></span><br />
<br />
<span style="font-size: 15px"><span style="font-size: 22px"><b><img src="proxy.php?image=http%3A%2F%2Fblob%3Ahttps%3A%2F%2Fwww.propertychat.com.au%2F24406742-f4d7-4b68-af42-5fe333573f98&amp;hash=b09f6cbea2fc473d577871a1c473d14a" class="bbCodeImage LbImage" alt="[&#x200B;IMG]" data-url="http://blob:https://www.propertychat.com.au/24406742-f4d7-4b68-af42-5fe333573f98" /> </b></span></span><br />
<span style="font-size: 15px"><b>Top 10 Suburbs Set to Boom in 2024 (Greater Melbourne, Houses) </b></span><br />
Rank – Suburb – Median House Price – YoY Change ($) – Inquiries Per Listing<br />
<br />
1. Coolaroo – $507,000 – $1385 – 25<br />
<br />
2. Hampton Park – $642,000 – (-$3708) – 23<br />
<br />
3. Doveton – $586,000 – (-$48) – 22<br />
<br />
4. Wandong – $858,000 – (-$21,801) – 21<br />
<br />
5. Campbellfield – $598,000 – (-$1596) – 21<br />
<br />
6. Melton – $469,000 – $7221 – 20<br />
<br />
7. Wandin North – $796,000 – (-$3906) – 19<br />
<br />
8. Dallas – $520,000 – $2923 – 19<br />
<br />
9. Emerald – $917,000 – (-$205) – 18<br />
<br />
<span style="font-size: 15px"><b>Top 10 Suburbs Set to Boom in 2024 (Greater Melbourne, Units) </b></span><br />
Rank – Suburb – Median Unit Price – YoY Change ($) – Inquiries Per Listing<br />
<br />
1. Meadow Heights – $460,000 – (-$1385) – 15<br />
<br />
2. Heidelberg West – $660,000 – $1245 – 15<br />
<br />
3. Patterson Lakes – $656,000 – (-$1382) – 13<br />
<br />
4. Keysborough – $671,000 – (-$1285) – 13<br />
<br />
5. South Kingsville – $643,000 – $1692 – 12<br />
<br />
6. Oakleigh – $616,000 – (-$2013) – 11<br />
<br />
7. Mentone – $676,000 – (-$3198) – 10<br />
<br />
8. Seaford – $600,000 – (-$2,05) – 10<br />
<br />
9. Pascoe Vale – $646,000 – (-$6702) – 10<br />
<br />
10. Altona North – $731,000 – (-$8894) – 10<br />
<br />
Source: PropTrack
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Last edited: <abbr class="DateTime" data-time="1704324734" data-diff="180139" data-datestring="4th Jan, 2024" data-timestring="10:32 AM">4th Jan, 2024 at 10:32 AM</abbr>
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<span class="authorEnd"><a href="members/properwin.23013/" class="username author" dir="auto">Properwin</a>,</span>
<a href="threads/melbourne-property-market-2024.75213/" title="Permalink" class="datePermalink"><abbr class="DateTime" data-time="1704322958" data-diff="181915" data-datestring="4th Jan, 2024" data-timestring="10:02 AM">4th Jan, 2024 at 10:02 AM</abbr></a>
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<a href="threads/melbourne-property-market-2024.75213/" title="Permalink" class="item muted postNumber hashPermalink OverlayTrigger" data-href="posts/1324530/permalink">#1</a>
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<a href="members/jingo.492/" class="username" dir="auto">Jingo</a>, <a href="members/kateashmor.1021/" class="username" dir="auto">KateAshmor</a> and <a href="members/rambo.20581/" class="username" dir="auto">Rambo</a> like this.
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<blockquote class="messageText SelectQuoteContainer ugc baseHtml">
Melbourne will shine in 2024 imo
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<span class="authorEnd"><a href="members/ndpjai.5534/" class="username author" dir="auto">ndpjai</a>,</span>
<a href="threads/melbourne-property-market-2024.75213/#post-1324641" title="Permalink" class="datePermalink"><abbr class="DateTime" data-time="1704345961" data-diff="158912" data-datestring="4th Jan, 2024" data-timestring="4:26 PM">4th Jan, 2024 at 4:26 PM</abbr></a>
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<a href="threads/melbourne-property-market-2024.75213/#post-1324641" title="Permalink" class="item muted postNumber hashPermalink OverlayTrigger" data-href="posts/1324641/permalink">#2</a>
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<a href="members/kateashmor.1021/" class="username" dir="auto">KateAshmor</a>
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Massive influx of new stock coming from February onwards once 2024 land tax and Christmas credit card bills arrive, and tenants&#039; leases expire. Buyers should ensure their pre-approval / finance is ready to go by the end of Jan (pre-approvals may have expired over the Summer). Excellent opportunity to land bank this year, IMHO, assuming holding costs can be covered.
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<div class="baseHtml signature messageText ugc"><aside>*Gone fishing until 15 January 2024* Buying or selling in Victoria? Free contract review for Victorian residential conveyancing, more info here: <a href="http://www.ashmorlegal.com.au" target="_blank" class="externalLink ProxyLink" data-proxy-href="proxy.php?link=http%3A%2F%2Fwww.ashmorlegal.com.au&amp;hash=8798e60e863e979319b935782282bdd9" rel="nofollow">www.ashmorlegal.com.au</a></aside></div>
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<span class="authorEnd"><a href="members/kateashmor.1021/" class="username author" dir="auto">KateAshmor</a>,</span>
<a href="threads/melbourne-property-market-2024.75213/#post-1324715" title="Permalink" class="datePermalink"><abbr class="DateTime" data-time="1704360714" data-diff="144159" data-datestring="4th Jan, 2024" data-timestring="8:31 PM">4th Jan, 2024 at 8:31 PM</abbr></a>
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Another Clayton loss after 7 years: <a href="https://www.realestate.com.au/property/16-wellington-rd-clayton-vic-3168/" target="_blank" class="externalLink ProxyLink" data-proxy-href="proxy.php?link=https%3A%2F%2Fwww.realestate.com.au%2Fproperty%2F16-wellington-rd-clayton-vic-3168%2F&amp;hash=ed6685cb2e35ed9cbbab718961e9911e" rel="nofollow">https://www.realestate.com.au/property/16-wellington-rd-clayton-vic-3168/</a> . It&#039;s in undervalued territory now in my opinion.
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<span class="authorEnd"><a href="members/angelina.36869/" class="username author" dir="auto">Angelina</a>,</span>
<a href="threads/melbourne-property-market-2024.75213/#post-1324720" title="Permalink" class="datePermalink"><abbr class="DateTime" data-time="1704361597" data-diff="143276" data-datestring="4th Jan, 2024" data-timestring="8:46 PM">4th Jan, 2024 at 8:46 PM</abbr></a>
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Is there value in Melbourne (3000) units/apartments now ? See below from Realestate for 2 BR units:<br />
<br />
<ul>
<li>Price Down by 10 %</li>
<li>Rent Up by 24 %</li>
<li>Rental - Supply : Demand = 1: 8</li>
</ul>Gross Yield is 1.24/.9 ~ 1.38 WRT last year. Almost commercial or better yields...or is it a yield trap.<br />
<br />
How much lower can the prices really go before yields and supply/demand provide a floor? <a href="https://www.propertychat.com.au/community/members/349/" class="username" data-user="349, @MTR">@MTR</a> any parallels with Perth yields before the current boom<br />
<br />
<br />
<a href="https://www.propertychat.com.au/community/attachments/upload_2024-1-4_20-52-35-png.67052/" target="_blank"><img src="data/attachments/67/67053-930e0a01301a489a4db4ebd61a52a22a.jpg" alt="upload_2024-1-4_20-52-35.png" class="bbCodeImage" /></a>
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<a href="threads/melbourne-property-market-2024.75213/#post-1324721" title="Permalink" class="item muted postNumber hashPermalink OverlayTrigger" data-href="posts/1324721/permalink">#5</a>
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<div class="attribution type">Properwin said:
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<blockquote class="quoteContainer"><div class="quote">Let&#039;s start a new Melbourne Property Market for the 2024 New Year...<br />
<br />
How&#039;s the market looking like so far experts?<br />
<br />
Here&#039;s a fun article in the meantime:<br />
<br />
<a href="https://www.realestate.com.au/news/dick-pic-among-victorias-most-clicked-on-bargain-real-estate-listings-in-2023/" target="_blank" class="externalLink ProxyLink" data-proxy-href="proxy.php?link=https%3A%2F%2Fwww.realestate.com.au%2Fnews%2Fdick-pic-among-victorias-most-clicked-on-bargain-real-estate-listings-in-2023%2F&amp;hash=9413195d32257cdfeebeffbb9d1c90c5" rel="nofollow">Victoria’s most clicked on bargain real estate listings in 2023 - realestate.com.au</a><br />
<br />
<span style="font-size: 22px"><b>Victoria’s most clicked on bargain real estate listings in 2023</b><br />
</span><br />
<span style="font-size: 18px">A regional Victorian house listed for sale with a dick drawn on the wall and a pentagram hanging over the fireplace was one of the state’s most viewed bargain homes in 2023.<br />
<br />
The fixer upper at <a href="https://www.realestate.com.au/sold/property-house-vic-beulah-142108616" target="_blank" class="externalLink ProxyLink" data-proxy-href="proxy.php?link=https%3A%2F%2Fwww.realestate.com.au%2Fsold%2Fproperty-house-vic-beulah-142108616&amp;hash=106b010901c98dea7b1e85b6bb104fa0" rel="nofollow">70 Henty Highway, Beulah</a>, was described as ‘what you see is what you get’.<br />
<br />
And what the 29,000 prospective buyers who visited the listing online saw was a serious renovation project, and graffiti genitalia.<br />
</span><br />
<span style="font-size: 15px">----<br />
<br />
And another article here might be of interest for 2024:<br />
<br />
<a href="https://www.realestate.com.au/news/victorian-suburbs-to-watch-in-2024-home-buyers-to-search-further-afield-for-value/" target="_blank" class="externalLink ProxyLink" data-proxy-href="proxy.php?link=https%3A%2F%2Fwww.realestate.com.au%2Fnews%2Fvictorian-suburbs-to-watch-in-2024-home-buyers-to-search-further-afield-for-value%2F&amp;hash=8ceadf65d4d3649d1270eae3e6f3a15d" rel="nofollow">Victorian suburbs to watch in 2024: Home buyers to search further afield for value - realestate.com.au</a><br />
<br />
<span style="font-size: 22px"><b>Victorian suburbs to watch in 2024: Home buyers to search further afield for value</b></span></span><br />
<span style="font-size: 15px"><span style="font-size: 22px"><b><img src="proxy.php?image=http%3A%2F%2Fblob%3Ahttps%3A%2F%2Fwww.propertychat.com.au%2Feaf62443-0c01-45d0-a765-b74066a80a20&amp;hash=597dbf8a47f41cb19974220661d1089a" class="bbCodeImage LbImage" alt="[&#x200B;IMG]" data-url="http://blob:https://www.propertychat.com.au/eaf62443-0c01-45d0-a765-b74066a80a20" /></b></span></span><br />
<br />
<span style="font-size: 15px"><span style="font-size: 22px"><b><img src="proxy.php?image=http%3A%2F%2Fblob%3Ahttps%3A%2F%2Fwww.propertychat.com.au%2F24406742-f4d7-4b68-af42-5fe333573f98&amp;hash=b09f6cbea2fc473d577871a1c473d14a" class="bbCodeImage LbImage" alt="[&#x200B;IMG]" data-url="http://blob:https://www.propertychat.com.au/24406742-f4d7-4b68-af42-5fe333573f98" /> </b></span></span><br />
<span style="font-size: 15px"><b>Top 10 Suburbs Set to Boom in 2024 (Greater Melbourne, Houses) </b></span><br />
Rank – Suburb – Median House Price – YoY Change ($) – Inquiries Per Listing<br />
<br />
1. Coolaroo – $507,000 – $1385 – 25<br />
<br />
2. Hampton Park – $642,000 – (-$3708) – 23<br />
<br />
3. Doveton – $586,000 – (-$48) – 22<br />
<br />
4. Wandong – $858,000 – (-$21,801) – 21<br />
<br />
5. Campbellfield – $598,000 – (-$1596) – 21<br />
<br />
6. Melton – $469,000 – $7221 – 20<br />
<br />
7. Wandin North – $796,000 – (-$3906) – 19<br />
<br />
8. Dallas – $520,000 – $2923 – 19<br />
<br />
9. Emerald – $917,000 – (-$205) – 18<br />
<br />
<span style="font-size: 15px"><b>Top 10 Suburbs Set to Boom in 2024 (Greater Melbourne, Units) </b></span><br />
Rank – Suburb – Median Unit Price – YoY Change ($) – Inquiries Per Listing<br />
<br />
1. Meadow Heights – $460,000 – (-$1385) – 15<br />
<br />
2. Heidelberg West – $660,000 – $1245 – 15<br />
<br />
3. Patterson Lakes – $656,000 – (-$1382) – 13<br />
<br />
4. Keysborough – $671,000 – (-$1285) – 13<br />
<br />
5. South Kingsville – $643,000 – $1692 – 12<br />
<br />
6. Oakleigh – $616,000 – (-$2013) – 11<br />
<br />
7. Mentone – $676,000 – (-$3198) – 10<br />
<br />
8. Seaford – $600,000 – (-$2,05) – 10<br />
<br />
9. Pascoe Vale – $646,000 – (-$6702) – 10<br />
<br />
10. Altona North – $731,000 – (-$8894) – 10<br />
<br />
Source: PropTrack</div><div class="quoteExpand">Click to expand...</div></blockquote>
</aside>
</div>Coolaroo and Dallas?!?!?<br />
<br />
Dallas ain’t a place for the faint hearted. Really makes high risk/high reward accurate.<br />
<br />
Coolaroo - as they couldn’t extend the airport and Darryl Kerrigan didn’t need to sell his house there is very little stock. Mostly “castles” on big blocks of land.
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<span class="authorEnd"><a href="members/crazy-ideas.40761/" class="username author" dir="auto">Crazy ideas</a>,</span>
<a href="threads/melbourne-property-market-2024.75213/#post-1324779" title="Permalink" class="datePermalink"><abbr class="DateTime" data-time="1704399647" data-diff="105226" data-datestring="5th Jan, 2024" data-timestring="7:20 AM">5th Jan, 2024 at 7:20 AM</abbr></a>
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<a href="threads/melbourne-property-market-2024.75213/#post-1324779" title="Permalink" class="item muted postNumber hashPermalink OverlayTrigger" data-href="posts/1324779/permalink">#6</a>
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<blockquote class="quoteContainer"><div class="quote">Coolaroo and Dallas?!?!?<br />
<br />
Dallas ain’t a place for the faint hearted. Really makes high risk/high reward accurate.<br />
<br />
Coolaroo - as they couldn’t extend the airport and Darryl Kerrigan didn’t need to sell his house there is very little stock. Mostly “castles” on big blocks of land.</div><div class="quoteExpand">Click to expand...</div></blockquote>
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</div>Yup, Dallas might be cheap but it&#039;s for good reasons. Campbellfield on the other hand is less rough and cheap comparably plus Upfield train line gives it a good advantage...
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<span class="authorEnd"><a href="members/paulf.1202/" class="username author" dir="auto">paulF</a>,</span>
<a href="threads/melbourne-property-market-2024.75213/#post-1324796" title="Permalink" class="datePermalink"><abbr class="DateTime" data-time="1704404048" data-diff="100825" data-datestring="5th Jan, 2024" data-timestring="8:34 AM">5th Jan, 2024 at 8:34 AM</abbr></a>
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<a href="threads/melbourne-property-market-2024.75213/#post-1324796" title="Permalink" class="item muted postNumber hashPermalink OverlayTrigger" data-href="posts/1324796/permalink">#7</a>
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<blockquote class="quoteContainer"><div class="quote">Coolaroo and Dallas?!?!?<br />
<br />
Dallas ain’t a place for the faint hearted. Really makes high risk/high reward accurate.<br />
<br />
Coolaroo - as they couldn’t extend the airport and Darryl Kerrigan didn’t need to sell his house there is very little stock. Mostly “castles” on big blocks of land.</div><div class="quoteExpand">Click to expand...</div></blockquote>
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</div>you obviously don&#039;t know the area very well. <br />
<br />
Yes, it&#039;s rough and not for the faint of heart. <br />
<br />
But they have mosques there that people of the Muslim faith will pay a premium to rent near and buy a home. These people are not poor, you commonly see mercedes and BMW&#039;s everywhere and most of these people are in construction and do VERY well. I know many who live there and have grown up with them my entire life. <br />
<br />
I&#039;d much prefer Jacana. Better tenants, better housing, closer to the city, train station is walking distance, more quiet neighbourhood, large shopping centre within walking distance.
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<span class="authorEnd"><a href="members/andyboiii.7932/" class="username author" dir="auto">andyboiii</a>,</span>
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<a href="threads/melbourne-property-market-2024.75213/#post-1324808" title="Permalink" class="item muted postNumber hashPermalink OverlayTrigger" data-href="posts/1324808/permalink">#8</a>
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<blockquote class="quoteContainer"><div class="quote">But they have mosques there that people of the Muslim faith will pay a premium to rent near and buy a home.</div><div class="quoteExpand">Click to expand...</div></blockquote>
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</div>People not of this faith do not realise the convenience of having a mosque nearby on a cold winter morning to get to prayers before dawn!! <br />
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<a href="threads/melbourne-property-market-2024.75213/#post-1324843" title="Permalink" class="item muted postNumber hashPermalink OverlayTrigger" data-href="posts/1324843/permalink">#9</a>
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<a href="members/nobody.40121/" class="username" dir="auto">Nobody</a>, <a href="members/rambo.20581/" class="username" dir="auto">Rambo</a>, <a href="members/properwin.23013/" class="username" dir="auto">Properwin</a> and <a href="posts/1324843/likes" class="OverlayTrigger">1 other person</a> like this.
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<blockquote class="quoteContainer"><div class="quote">People not of this faith do not realise the convenience of having a mosque nearby on a cold winter morning to get to prayers before dawn!!<br />
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</div>I&#039;m not of that faith yet I still know!!!
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<a href="threads/melbourne-property-market-2024.75213/#post-1324851" title="Permalink" class="item muted postNumber hashPermalink OverlayTrigger" data-href="posts/1324851/permalink">#10</a>
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<blockquote class="quoteContainer"><div class="quote">Another Clayton loss after 7 years: <a href="https://www.realestate.com.au/property/16-wellington-rd-clayton-vic-3168/" target="_blank" class="externalLink ProxyLink" data-proxy-href="proxy.php?link=https%3A%2F%2Fwww.realestate.com.au%2Fproperty%2F16-wellington-rd-clayton-vic-3168%2F&amp;hash=ed6685cb2e35ed9cbbab718961e9911e" rel="nofollow">https://www.realestate.com.au/property/16-wellington-rd-clayton-vic-3168/</a> . It&#039;s in undervalued territory now in my opinion.</div><div class="quoteExpand">Click to expand...</div></blockquote>
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</div>It&#039;s in rather a Bermuda Triangle of busy road noise....
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<div class="baseHtml signature messageText ugc"><aside><span style="color: #000000">Jacqui Middleton ~ Middleton Buyers Advocates<br />
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<a href="threads/melbourne-property-market-2024.75213/#post-1324854" title="Permalink" class="item muted postNumber hashPermalink OverlayTrigger" data-href="posts/1324854/permalink">#11</a>
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<blockquote class="quoteContainer"><div class="quote">I&#039;m not of that faith yet I still know!!!</div><div class="quoteExpand">Click to expand...</div></blockquote>
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</div>Same here - and you illustrate how important it is to understand various ethnocultural needs. I&#039;ve learnt a lot about Islam (proximity to mosques, Halal butchers, specialist clothing), Judaism (The Eruv, Kosher foods), Hinduism, Sikhs, Buddhism, Feng Shui etc since going on the property investing journey <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" title="Smile :)" /><br />
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<span class="authorEnd"><a href="members/the-y-man.37/" class="username author" dir="auto">The Y-man</a>,</span>
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<a href="threads/melbourne-property-market-2024.75213/#post-1324860" title="Permalink" class="item muted postNumber hashPermalink OverlayTrigger" data-href="posts/1324860/permalink">#12</a>
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<blockquote class="quoteContainer"><div class="quote">Same here - and you illustrate how important it is to understand various ethnocultural needs. I&#039;ve learnt a lot about Islam (proximity to mosques, Halal butchers, specialist clothing), Judaism (The Eruv, Kosher foods), Hinduism, Sikhs, Buddhism, Feng Shui etc since going on the property investing journey</div><div class="quoteExpand">Click to expand...</div></blockquote>
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</div>Property investment - bringing the world together and promoting world peace!
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<a href="threads/melbourne-property-market-2024.75213/#post-1324866" title="Permalink" class="item muted postNumber hashPermalink OverlayTrigger" data-href="posts/1324866/permalink">#13</a>
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<blockquote class="quoteContainer"><div class="quote">Same here - and you illustrate how important it is to understand various ethnocultural needs. I&#039;ve learnt a lot about Islam (proximity to mosques, Halal butchers, specialist clothing), Judaism (The Eruv, Kosher foods), Hinduism, Sikhs, Buddhism, Feng Shui etc since going on the property investing journey <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" title="Smile :)" /><br />
<br />
The Y-man</div><div class="quoteExpand">Click to expand...</div></blockquote>
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</div>Same here. I worked with many Indians. When I built my first property in Mickleham, I was told by a guy at work to have two master bedrooms plus a third bathroom in a single story. <br />
People were paying me out asking why I was living in such a big home. Ended up being a point of difference in the area and paid off handsomely 6 years later.
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<a href="threads/melbourne-property-market-2024.75213/#post-1324871" title="Permalink" class="item muted postNumber hashPermalink OverlayTrigger" data-href="posts/1324871/permalink">#14</a>
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<blockquote class="quoteContainer"><div class="quote">you obviously don&#039;t know the area very well.<br />
<br />
Yes, it&#039;s rough and not for the faint of heart.<br />
<br />
But they have mosques there that people of the Muslim faith will pay a premium to rent near and buy a home. These people are not poor, you commonly see mercedes and BMW&#039;s everywhere and most of these people are in construction and do VERY well. I know many who live there and have grown up with them my entire life.<br />
<br />
I&#039;d much prefer Jacana. Better tenants, better housing, closer to the city, train station is walking distance, more quiet neighbourhood, large shopping centre within walking distance.</div><div class="quoteExpand">Click to expand...</div></blockquote>
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</div>I know the area very well. There are shootings in Dallas each month. My brother still loves there and I lived there a bit as well.<br />
<br />
There are expensive cars, which I believe can be attributable to car finance as the houses they are parked in are often in disrepair.<br />
<br />
There are some who do well, but don’t act like they are the majority. Most are battlers.<br />
<br />
Jacana isn’t much better. Worst station in Victoria - hands down. I wouldn’t feel safe there at midday on a Saturday, no chance on a rainy night.<br />
<br />
Both are cheaper for a reason.
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Last edited by a moderator: <abbr class="DateTime" data-time="1704442170" data-diff="62703" data-datestring="5th Jan, 2024" data-timestring="7:09 PM">5th Jan, 2024 at 7:09 PM</abbr>
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<span class="authorEnd"><a href="members/crazy-ideas.40761/" class="username author" dir="auto">Crazy ideas</a>,</span>
<a href="threads/melbourne-property-market-2024.75213/#post-1324910" title="Permalink" class="datePermalink"><abbr class="DateTime" data-time="1704426132" data-diff="78741" data-datestring="5th Jan, 2024" data-timestring="2:42 PM">5th Jan, 2024 at 2:42 PM</abbr></a>
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<a href="threads/melbourne-property-market-2024.75213/#post-1324910" title="Permalink" class="item muted postNumber hashPermalink OverlayTrigger" data-href="posts/1324910/permalink">#15</a>
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<blockquote class="quoteContainer"><div class="quote">I know the area very well. There are shootings in Dallas each month. My brother still loves there and I lived there a bit as well.<br />
<br />
There are expensive cars, which I believe can be attributable to car finance as the houses they are parked in are often in disrepair.<br />
<br />
There are some who do well, but don’t act like they are the majority. Most are battlers.<br />
<br />
Jacana isn’t much better. Worst station in Victoria - hands down. I wouldn’t feel safe there at midday on a Saturday, no chance on a rainy night.<br />
<br />
Both are cheaper for a reason.</div><div class="quoteExpand">Click to expand...</div></blockquote>
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</div>You&#039;re not actually serious, are you?<br />
<br />
I go to Jacana station every single day, midday, midnight.. whenever. It is perfectly safe. Someone must be a bit precious.<br />
<br />
Shootings? Every month? LOL okay. that&#039;s news to me and I went to high school in Broadmeadows.<br />
<br />
Strathmore has shootings. Do you recall Carl Williams getting shot there? Don&#039;t think that&#039;s hampering property prices there.<br />
<br />
Obviously, if you have the means to purchase something well above $500-600k, then yes, there&#039;s a lot better areas. But I am saying for the price, you can&#039;t beat it. No where in the West, south or east (of the same distance to the city, access to amenity) is of the same value. <br />
<br />
It&#039;s overlooked because people have a predisposed bias to what they see or hear on the <i>fake</i> news.
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Last edited by a moderator: <abbr class="DateTime" data-time="1704442197" data-diff="62676" data-datestring="5th Jan, 2024" data-timestring="7:09 PM">5th Jan, 2024 at 7:09 PM</abbr>
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<a href="threads/melbourne-property-market-2024.75213/#post-1324913" title="Permalink" class="item muted postNumber hashPermalink OverlayTrigger" data-href="posts/1324913/permalink">#16</a>
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<blockquote class="quoteContainer"><div class="quote">you obviously don&#039;t know the area very well.<br />
<br />
Yes, it&#039;s rough and not for the faint of heart.<br />
<br />
But they have mosques there that people of the Muslim faith will pay a premium to rent near and buy a home. These people are not poor, you commonly see mercedes and BMW&#039;s everywhere and most of these people are in construction and do VERY well. I know many who live there and have grown up with them my entire life.<br />
<br />
I&#039;d much prefer Jacana. Better tenants, better housing, closer to the city, train station is walking distance, more quiet neighbourhood, large shopping centre within walking distance.</div><div class="quoteExpand">Click to expand...</div></blockquote>
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</div>If someone drives a BMW or a Merc I know they&#039;re poor. People with money don&#039;t waste money on flashy cars to make people think they have money, while living in a subarb with an average house price of 500k lol
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<a href="threads/melbourne-property-market-2024.75213/#post-1325020" title="Permalink" class="item muted postNumber hashPermalink OverlayTrigger" data-href="posts/1325020/permalink">#17</a>
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<blockquote class="quoteContainer"><div class="quote">If someone drives a BMW or a Merc I know they&#039;re poor. People with money don&#039;t waste money on flashy cars to make people think they have money, while living in a subarb with an average house price of 500k lol</div><div class="quoteExpand">Click to expand...</div></blockquote>
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</div>Regardless, I use the cars in shopping centres and street parking as indicator of the demographic. <br />
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IMHO Bimmers, Mercs, and Lexus (Lexi in plural??) in good condition don&#039;t happen in &quot;bad&quot; neighbourhoods; clapped out old conformidores (getting rare now!), rust buckets or hoon cars are indicators of &quot;yet to gentrify&quot; to me.<br />
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Granted the really cashed up ones are the CUTS neighbourhood with utes!<br />
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<a href="threads/melbourne-property-market-2024.75213/#post-1325022" title="Permalink" class="item muted postNumber hashPermalink OverlayTrigger" data-href="posts/1325022/permalink">#18</a>
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<blockquote class="quoteContainer"><div class="quote">You&#039;re not actually serious, are you?<br />
<br />
I go to Jacana station every single day, midday, midnight.. whenever. It is perfectly safe. Someone must be a bit precious.<br />
<br />
Shootings? Every month? LOL okay. that&#039;s news to me and I went to high school in Broadmeadows.<br />
<br />
Strathmore has shootings. Do you recall Carl Williams getting shot there? Don&#039;t think that&#039;s hampering property prices there.<br />
<br />
Obviously, if you have the means to purchase something well above $500-600k, then yes, there&#039;s a lot better areas. But I am saying for the price, you can&#039;t beat it. No where in the West, south or east (of the same distance to the city, access to amenity) is of the same value.<br />
<br />
It&#039;s overlooked because people have a predisposed bias to what they see or hear on the <i>fake</i> news.</div><div class="quoteExpand">Click to expand...</div></blockquote>
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</div>I&#039;ve actually done PTV from the airport home (granted it was daylight <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" title="Big Grin :D" />) - 901 bus from T4, onto train at Broady. Was not relieved of my luggage nor did I feel uncomfortable along the way. I hear the Frankston line is a totally different story. <br />
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<a href="threads/melbourne-property-market-2024.75213/#post-1325023" title="Permalink" class="item muted postNumber hashPermalink OverlayTrigger" data-href="posts/1325023/permalink">#19</a>
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<blockquote class="quoteContainer"><div class="quote">You&#039;re not actually serious, are you?<br />
<br />
I go to Jacana station every single day, midday, midnight.. whenever. It is perfectly safe. Someone must be a bit precious.<br />
<br />
Shootings? Every month? LOL okay. that&#039;s news to me and I went to high school in Broadmeadows.<br />
<br />
Strathmore has shootings. Do you recall Carl Williams getting shot there? Don&#039;t think that&#039;s hampering property prices there.<br />
<br />
Obviously, if you have the means to purchase something well above $500-600k, then yes, there&#039;s a lot better areas. But I am saying for the price, you can&#039;t beat it. No where in the West, south or east (of the same distance to the city, access to amenity) is of the same value.<br />
<br />
It&#039;s overlooked because people have a predisposed bias to what they see or hear on the <i>fake</i> news.</div><div class="quoteExpand">Click to expand...</div></blockquote>
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</div>arent you tired of pumping up melbourne? we got it. u bullish on it and u like Jacana. lets move on mate.
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<a href="threads/melbourne-property-market-2024.75213/#post-1325024" title="Permalink" class="item muted postNumber hashPermalink OverlayTrigger" data-href="posts/1325024/permalink">#20</a>
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