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LittleJane

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Reviews

Rowville

"Pretty Bad Investment"

I bought an investment property in Rowville about 12 months ago. Plople were telling me that I should have invested in other suburbs. I got the house valued and it came back $10k less that what i paid for it 12 months ago.

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Bordeaux43

Little Jane,
Asute investors dont make mistakes in property investment. If you were aware of the economic climate at the time, you would have realised that you bought during a peak in the market. Did you perhaps consider that you may have overpaid at the time? Did you do your due diligence on market conditions or look at any statistics? My partner and I built a 4 bed house in Rowville 8 years ago and bought an investment property in Rowville in 2004 and succesfully sold both two years ago for double our cost. Its about timing the market and time in the market. Further, the investor who bought our investment property in Gearon Avenue has made a healthy $100K in 2 years. Let's not be greedy. Good things come to those who see a cycle through. Hope this advice helps.

Greenerpastures

Bordeaux43,
Astute investors do make mistakes,where there is a good buy,there is a bad buy.You and your partner bought in rowville at the right time,good for you but don't go telling Little Jane 'Let's not be greedy'.Oh,you can afford to say that as you sold both your properties for double you paid.Rowville is a nice place to live but i certainly wouldn't be paying more there to buy to which buyers/investors are doing at the moment.I dislike the market at the moment and the rich get richer and the battlers and or people trying to get into the market or trying to invest get screwed.

overitrowville

I agree with Greenerpastures - find me an astute investor whose hasn't made a mistake and I'll show you a liar! You made a profit in Rowville at a time when there was no suburb in Victoria that lost money in property! One thing I can guarantee is that if you hold on for at least 5-10 years, you are guaranteed to make a profit almost anywhere in Australia!

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Berwick

"Great Investment"

Moving to Berwick was such a good move. We were renting an apartment in St Kilda, and for work need to moved further out. Berwick was the suburb that fitted into exactly what we wanted. We haven't look back. It offer a lot for the money.

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  • Professionals
  • Families with kids
  • Trendy & Stylish
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The opinions expressed within this review are those of the individual and not those of Homely.com.au.
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