Melbourne Property To Buy (Suburb Recommendation): 500K budget

yjun355 on 19/02/2018 - 13:31

I have following investment criteria:

500K
House/Townhouse
Preference towards smaller place in a nicer suburb and better location.
Investment

Domain has auction results: https://www.domain.com.au/auction-results/melbourne/

Can you suggest me some suburbs which i should look at to fit above criteria? I am from sydney and have no clue on where to start. Another thread suggested getting a buyers agent is an overkill for that price.
My friend suggested Point Cook couple of years back. It seems the prices are over 600K in that area now.

Home & Garden

Comments

  • yjun355 on 23/02/2018 - 09:43

    Thanks a everyone's feedback. I'll summarise and identify top 5 suburbs to track and match against domain auction results.

    St Albany does look good but it seems it is over 550k.

    Footscray is still feasible. But I didn't consider on East side.

    Is east preferred over West?

    • Baysew on 24/02/2018 - 10:22
      +1

      Here is a list of suburbs which show what area they are in.

      List of Melbourne suburbs

      Footscray = West

      East much more expensive than West.

  • majuks on 06/03/2018 - 11:50

    Is there any higher than normal crime issues with fooscray?

    I noticed its on the way to Sunshine.This could be a problem.

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