在澳大利亚 The pool at of an IP needs to be resurfaced (or so the pool doctor says), the cost was estimated to be $10K ($10,000), after recoverying from my impresssion of a cat coughing up a fur ball, it just seems far too much. Its just a standard poo I need some advice regarding a property purchase. Property - semi-detached house Bedrooms - 2 Condition - average needs internal reno to modernise Street - one of the best in suburb Location - excellent Close to schools - yes Transport - 50m
Townhouse. Middle suburban ring, Camberwell - Heidlelburg
Whoa there there's a big difference between Camberwell and Heidelberg. One is an established suburb the other is full of housing commission houses.
Aaron_C said: ↑
Whoa there there's a big difference between Camberwell and Heidelberg. One is an established suburb the other is full of housing commission houses.Click to expand...AC, isn't that Heidi West your talking about? Not Heidi proper - it's more like Eaglemont and the "non-commission" side of Ivanhoe.
Heidelberg central is quite expensive - median house price around $750 or $800k (for a 3 bedroom house) from memory. Not as much as Ivanhoe or Eaglemont, but certainly a lot more than Heidelberg West.
Whereas your typical commission house in Heide West is http://www.realestate.com.au/property-house-vic-heidelberg+west-110175865 though you can get something a bit better like http://www.realestate.com.au/property-house-vic-heidelberg+west-110448177
But to answer the question, if you could afford it, why not? Both Heidelberg and Camberwell are excellent suburbs. They're both outside the gritty inner ring, are near all facilities and are surrounded by the 'good schools' that Melburnians obssess about. If you were going to split hairs, Heidelberg's slighty better for hospitals while Camberwell's slightly better for high schools/TAFEs and universities.
I dont know anything about the Melbourne market.
But I think now is a great time to buy a PPOR, because the market is soft, and you should be able to grab a bargain.
I've sold a few houses in the past 6 months in Sydney, and found that people arent buying stuff which needs renovation. they seem to want everything done. So, if its a similar situation in melbourne, you could get something needing some work at a really good price, and add value to it quickly and easily.
definitely not a good time to be selling properties which need work!!
six20aus said: ↑
Townhouse. Middle suburban ring, Camberwell - HeidlelburgWould you?
Go!Click to expand...
There is/has been a substantial softening in the market's north of $1-1.5m+ Anectodally I have seen a number of examples of 10-25+%.
If you are looking to upgrade and are selling say your existing PPOR that is in the sub 900k price range, then this i would argue is a good time.