best suburbs are in south east. My pick is Mount Waverley or may be even Glen Waverley or may be even Vermont south. In the next tier would come Mitcham, Ringwood north and may be doncaster and Templestowe lower. These are all the suburbs where high earning households live... and that's where you want to be. Schools are pretty good as well.
Firstly, good on you boys for doing these podcasts. I think there are better suburbs to buy in for growth though.. Melton West is out woop woop and if you want to go anywhere be prepared for a lot of traffic. To compare Carrum Downs' serinity with Mornington is not accurate, it actually suggest you guys dont know what you're saying. Granted houses are not that expensive but you need to drive a suburb to a train station and if you want to avoid the extremely poor ranked government school in that zone and put your kid into a private school you need to travel a long way. People with money and kids dont buy in Carrum Downs. And Narre Warran is mass suburbia with a big shopping complex - personally i wouldnt wabt to live there but it has a big sub-continental population which could be beneficial to prices (like some of the Asian heavy suburbs which have performed well). The guest speaker did a new build on a tiny block in Truganina and cant afford a $470k place in Melton West yet is advising people where to buy. Somewhat feels like another person doing a 6 week buyers advocate course and proporting to be an expert. Here is a tip. Within your budget, buy as much land as possible, as close to the city as possible, as close to a train station as possible, as high a rental yields as possible, with a good local school. For sure, that's the panacea, but search around and get at least a few of these attributes. Remember, people with money want these things and the big land size gives you development potential in the future.
Very interesting, like the last paragraph advice I think there’s a macro argument for cheaper areas at the moment though, affordable segments have smashed the performance of better areas recently. So while those general principles make sense, there’s also value opportunities in areas like these given market conditions, lower borrowing capacities and the very low cost of land given building appreciations that have occurred in recent years from cost growrh
@@dubjohnston awesome! Adi and I will be doing regular podcasts together going forward. First recording session for 2025 next week. Appreciate the kind words
Hey mate, made a novice investor mistake of investing in Manor Lakes. Is there any hope for this suburb? Or would you say it’s time to sell and pack up ?
Have few slides would help, as a investor come from New Zealand and living in Brighton, I don’t know most of the suburbs in Melbourne, and the subtitles doesn’t tell the correct spelling 😂
Feel deeply sorry for anyone who invests in Melton , have you lived or seen that suburb. Zero infrastructure , no schools , endless supply of land , no public transport and no hospitals or proper roads .It's almost a ghetto
@@PradyVK these are typical buyer agent shit things, cant believe these buyer agents charging people 15k for buying one property while giving their clients advice to buy Melton or point cook shit
@@PradyVK people said that about Cranbourne, pakenham, doveton, Dandenong, braybrook etc. A great investor knows money goes where the people flow. It’s not about you living there, it’s about building a sustainable portfolio & making bank. If you don’t want to invest, don’t! But that’s on you! 🤣
Comparing truganina and melton and saying apples for apples truganina is 13km to 20km away from melton west towards the city for anyone wanting to question this guys credibility
Fair point when talking about this I meant it with a ‘lots and lots of land around it’ approach And yes I doubt I’ve ever been to melton (were Sydney based)
@@AusPropertyRedom thanks for your understanding but even on a map which i measured the distance from truganina to the cbd is 19km-25km .. melton west is at least 37km .. not to mention population less land available and schools uncaparable to melton west.. melton will still be melton the negative stigma is crazy
@TheLolz1988 Again not ground reality , not trying to be negative here but just calling a spade a spade .I have 2 friends in Tarneit and Truganina and they send their kids to school in Newport and Baccus Marsh ( both private schools ) .No schools and no infrastructure anywhere in the outer west, outer north of Melbourne .More and more people who bought houses there 10 ,12 years ago are moving out to established suburbs and they are being replaced by new migrants or first home buyers . Those areas are affordable for a reason , this is why i loathe this data driven property investment model as it does not look at ground reality and everyday challenges .The renters you get in these suburbs are people who can't afford to rent in decent suburbs and are low socio economic .I know this as I have friends who made the mistake of investing in Manor Lakes, Melton, Truganina in the last few years. You will end up with headaches and nothing else . They are desirable suburbs for migrants buying their first house but once they have school going kids ,reality kicks in
My friend im not comparing truganina to brunswick toorak or brighton and saying its afluent.. but its clearly not melton either .. you cant clump suburbs like that together there are clear difference
Melton youre bound to get stabbed or rubbed god forbid you send your kid to melton primary school 😂 i dont know if these investors ever go into rhe suburb's to experience what life might look life. Yes i agree value for money but i advise any young family even single mothers against this place, i.suggest places like werribee, hoppers crossing
Demographics for melton are changing and so will this stigma thing. However supply is more but 4 to 5 years down the road and stats will be better. There is massive development happening in melton...
@jefmiles8296 That's why it's AI and shouldn't be trusted .Narre Warren when it was cheap had potential because of proximity to good schools Haileybury , Berwick private schools etc . A large hospital Casey is 5 to 10 minutes away and half decent public transport . Melton is the opposite of that .Of course Narre Warren is unaffordable now to invest in .But there's also a reason Melton will rise very very slowly
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
best suburbs are in south east. My pick is Mount Waverley or may be even Glen Waverley or may be even Vermont south. In the next tier would come Mitcham, Ringwood north and may be doncaster and Templestowe lower.
These are all the suburbs where high earning households live... and that's where you want to be. Schools are pretty good as well.
Very interesting, great tips. I suspect some of the other affordable ripple will spill out into nicer areas this cycle as rates come down
To put into perspective IRSAD scores:
Narre Warren, VIC 3805 has IRSAD =4
Narre Warren South, VIC 3805 has IRSAD = 6 (VERY GOOD)
Cranbourne North, VIC 3977 IRSAD= 5
Carrum Downs, VIC 3201 IRSAD=3
Kirwan, QLD 4817 IRSAD =3
Bucasia, QLD 4750 IRSAD = 5
Andergrove, QLD 4740 IRSAD= 3
Ormeau, QLD 4208 IRSAD=6
There’s some deep dive from microburbs data we go into soon in some of these suburbs
Thanks so much for sharing
@ nice
That will give some more confidence esp wrt public housing
Naree warren sth is great with 83% owner occupiers
Firstly, good on you boys for doing these podcasts. I think there are better suburbs to buy in for growth though.. Melton West is out woop woop and if you want to go anywhere be prepared for a lot of traffic. To compare Carrum Downs' serinity with Mornington is not accurate, it actually suggest you guys dont know what you're saying. Granted houses are not that expensive but you need to drive a suburb to a train station and if you want to avoid the extremely poor ranked government school in that zone and put your kid into a private school you need to travel a long way. People with money and kids dont buy in Carrum Downs. And Narre Warran is mass suburbia with a big shopping complex - personally i wouldnt wabt to live there but it has a big sub-continental population which could be beneficial to prices (like some of the Asian heavy suburbs which have performed well). The guest speaker did a new build on a tiny block in Truganina and cant afford a $470k place in Melton West yet is advising people where to buy. Somewhat feels like another person doing a 6 week buyers advocate course and proporting to be an expert.
Here is a tip. Within your budget, buy as much land as possible, as close to the city as possible, as close to a train station as possible, as high a rental yields as possible, with a good local school. For sure, that's the panacea, but search around and get at least a few of these attributes. Remember, people with money want these things and the big land size gives you development potential in the future.
Very interesting, like the last paragraph advice
I think there’s a macro argument for cheaper areas at the moment though, affordable segments have smashed the performance of better areas recently.
So while those general principles make sense, there’s also value opportunities in areas like these given market conditions, lower borrowing capacities and the very low cost of land given building appreciations that have occurred in recent years from cost growrh
@AusPropertyRedom I agree with the lower price theory. Keep the podcast going, it's good debate.
@@dubjohnston awesome! Adi and I will be doing regular podcasts together going forward. First recording session for 2025 next week.
Appreciate the kind words
This seems like really square advice. “In bull markets, resistance is often broken, and in bear markets support rarely holds.”
Hey mate, made a novice investor mistake of investing in Manor Lakes. Is there any hope for this suburb? Or would you say it’s time to sell and pack up ?
Exiting out is expensive, rebuying makes it more expensive yet - especially in short run. If Melb rises Manor lakes will too (generally!)
Have few slides would help, as a investor come from New Zealand and living in Brighton, I don’t know most of the suburbs in Melbourne, and the subtitles doesn’t tell the correct spelling 😂
Thanks heaps! We’ll add some more edits into our podcast formats going forward. Appreciate it!
You don’t need to know the others since you are in Brighton 🙃
Where to buy a crack den in Melbourne
Haha yes all of these suburbs are lower socio economic relative to rest of Melbourne
Melton has proven itself as a great suburb to invest. It will go from strength to strength
Great one especially for smaller budgets
Feel deeply sorry for anyone who invests in Melton , have you lived or seen that suburb. Zero infrastructure , no schools , endless supply of land , no public transport and no hospitals or proper roads .It's almost a ghetto
@@PradyVK these are typical buyer agent shit things, cant believe these buyer agents charging people 15k for buying one property while giving their clients advice to buy Melton or point cook shit
@@PradyVK you are spot on. Lot's of junkies ! crime rate and the list goes on.
@@PradyVK people said that about Cranbourne, pakenham, doveton, Dandenong, braybrook etc. A great investor knows money goes where the people flow. It’s not about you living there, it’s about building a sustainable portfolio & making bank.
If you don’t want to invest, don’t! But that’s on you! 🤣
Comparing truganina and melton and saying apples for apples truganina is 13km to 20km away from melton west towards the city for anyone wanting to question this guys credibility
Fair point when talking about this I meant it with a ‘lots and lots of land around it’ approach
And yes I doubt I’ve ever been to melton (were Sydney based)
@@AusPropertyRedom thanks for your understanding but even on a map which i measured the distance from truganina to the cbd is 19km-25km .. melton west is at least 37km .. not to mention population less land available and schools uncaparable to melton west.. melton will still be melton the negative stigma is crazy
@@TheLolz1988 explains the price point difference!
@TheLolz1988 Again not ground reality , not trying to be negative here but just calling a spade a spade .I have 2 friends in Tarneit and Truganina and they send their kids to school in Newport and Baccus Marsh ( both private schools ) .No schools and no infrastructure anywhere in the outer west, outer north of Melbourne .More and more people who bought houses there 10 ,12 years ago are moving out to established suburbs and they are being replaced by new migrants or first home buyers . Those areas are affordable for a reason , this is why i loathe this data driven property investment model as it does not look at ground reality and everyday challenges .The renters you get in these suburbs are people who can't afford to rent in decent suburbs and are low socio economic .I know this as I have friends who made the mistake of investing in Manor Lakes, Melton, Truganina in the last few years. You will end up with headaches and nothing else . They are desirable suburbs for migrants buying their first house but once they have school going kids ,reality kicks in
My friend im not comparing truganina to brunswick toorak or brighton and saying its afluent.. but its clearly not melton either .. you cant clump suburbs like that together there are clear difference
The answer is nowhere
Haha that is one answer too!
Melton youre bound to get stabbed or rubbed god forbid you send your kid to melton primary school 😂 i dont know if these investors ever go into rhe suburb's to experience what life might look life. Yes i agree value for money but i advise any young family even single mothers against this place, i.suggest places like werribee, hoppers crossing
Hahah if you look at data stats
2024 = areas that are genuinely scary across Australia = best performers
Demographics for melton are changing and so will this stigma thing. However supply is more but 4 to 5 years down the road and stats will be better. There is massive development happening in melton...
You can't take the ghetto out of that joint, there's old gangs who.run melton especially melton south... not safe for young families at all
Not sure if it's AI doing it but it's narre warren for the time stamp 🫶🙂
@jefmiles8296 That's why it's AI and shouldn't be trusted .Narre Warren when it was cheap had potential because of proximity to good schools Haileybury , Berwick private schools etc . A large hospital Casey is 5 to 10 minutes away and half decent public transport . Melton is the opposite of that .Of course Narre Warren is unaffordable now to invest in .But there's also a reason Melton will rise very very slowly
AI's doing its analysis too in the background. Shouting out loud
@Vivradio-lc5mz haha all good 💯😊