All this talk of mortgage stress... it's true for some, but I recently travelled to the new outer-Western suburbs of Melbourne - Tarneit, Truganina, Manor Lakes etc. They're around 25-30km from the CBD, and one can buy a freehold, new 4/2/2 house for the low to mid 600's, and a 3/2/2 for mid 500's. There are shops, hospitals, road and rail links to the CBD and the area seems nicely streetscaped. I think Australia's "housing crisis" is nothing more than a crisis of expectations - many people can't afford a 5 bedroom house on a quarter acre block 5km from the CBD so they prefer to lament rather than look outside the box.
- Forums
- Property
- Update on the supply/demand situation
All this talk of mortgage stress... it's true for some, but I...
-
- There are more pages in this discussion • 32 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online