Ask Michael Anything [video] – Is this a good suburb?

In this video series we answer your questions of Michael Yardney. Is this a good suburb?

Watch Michael discuss what makes an investment grade suburb and what makes a better investment – established or off the plan.

This weeks question:

I’m looking at buying a 2 bedroom apartment as an investment.
Do you think Caulfield in Melbourne as a good investment suburb?
Should I buy an established property or an “off the plan” property? Nigel – Seaford

Please leave your question in the comments section below and we’ll answer it.

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Australia's leading independent property commentator, brings together leading authorities on the property market. Each week at Real Estate Talk we take a fresh look at the property market so you get all the facts to help you make the right choice.

'Ask Michael Anything [video] – Is this a good suburb?' have 10 comments

  1. July 8, 2016 @ 11:49 am Ross David

    I have approx $600k cash ear-marked in my SMSF to invest in real estate (I currently have no other direct investment property) – where and what do you think is currently the best investment choice – both in terms of location and type of dwelling? I currently own my house and live in the Newcastle area.


    • Michael Yardney

      July 9, 2016 @ 7:36 am Michael Yardney

      Ross – since an SMSF is a financial product, advising about what to do and not to do is restricted to those licensed to give financial advice – yet I know many cross the line and advise prospective clients when they shouldn’t.
      However, some general thoughts are that as you cannot refinance any property purchased in your SMSF, you have to bear this in mind.
      I would only buy the type of property as I talk about as ” investment-grade” in my blogs – one with the potential to grow in value strongly because it has owner occupier appeal, the level of scarcity, bought below intrinsic value and in an area which will out before the averages you to the demographics and multiple growth drivers. I would also only buy in one of our big capital cities and an established property not off the plan. you can get some more of my thoughts about how I invest here: WHAT WOULD WARREN BUFFETT SAY ABOUT HOW I APPROACH PROPERTY INVESTING?


  2. July 8, 2016 @ 2:32 pm Tom

    I,ve noticed lately that Adelaide has experienced some catch up growth despite having the worst unemployment in the country and no growth drivers. Are these buyers from the east coast of Australia buying these properties for cash flow purposes and are they foregoing the opportunity cost of buying in a market with higher capital growth prospects.


    • Michael Yardney

      July 9, 2016 @ 7:28 am Michael Yardney

      Yes Adelaide has had some growth recently you can find out more here ADELAIDE HOUSING MARKET UPDATE [VIDEO] – JUNE 2016
      But the rises have really only been modest of you look back over the past 5 years – underperforming virtually every other capital city, so its just playing a little catch up. I’ve seen no evidence of investor led demand


      • July 9, 2016 @ 8:36 am Tom

        Thanks Michael for your thoughts.


  3. July 12, 2016 @ 6:16 pm Tina

    Will there be an oversupply in Preston pushing apartment prices down over the next twelve months? I was going to buy but am concerned with the number of developments going up from Northcote to Preston in this time…


    • Michael Yardney

      July 12, 2016 @ 7:45 pm Michael Yardney

      like you, I’d be concerned about buying an apartment in this region at present – you’re likely to see little capital or rental growth for 3 – 5 years.

      What is your budget?


  4. January 11, 2017 @ 9:15 am Xanthe

    All the articles I read in relation to property talk about houses versus apartments. I own a three-bedroom plus study townhouse (block of 4) in Kedron in Brisbane, built in 2015. I am trying to work out whether it is a worthwhile investment to hold on to given the upcoming oversupply of apartments, but am not sure whether it is classified as a house or apartment. Should I expect it most likely to follow the increasing price of houses or the falling price of apartments?


  5. January 11, 2017 @ 9:46 am Xanthe

    All the articles I read in relation to property talk about apartments versus housing. I currently own a three bedroom plus study (block of 4) townhouse in Kedron in Brisbane built in 2015. I am trying to decide if this is a worthwhile investment to hold on to as I am unsure if it is classified as a house or apartment. Should I expect it to follow the increasing price of houses or the falling price of apartments?


    • Michael Yardney

      January 11, 2017 @ 10:54 pm Michael Yardney

      Xanthe clearly you dont own a typical apartment. And Kedron is a good suburb. Is your property is on the ground floor it’s likely to appeal to a wide range of tenants


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