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Investing in an area with new developments

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Dave Penn | 02 Apr 2016, 02:44 AM Agree 0
Hi All

First post

I am starting to build my portfolio and am looking to purchase 3 properties for around $300k each. I have my first in Lindisfarne, TAS (purchased for $290k, settling soon) and have been looking at Werribee, VIC for my second. There is a lot of new development going up in Werribee and surrounds, which is good in one way as the suburb will become more popular, however it does saturate the market with houses.

Can I ask everyone's opinion about buying in an area with a lot of new development? To clarify, I am not looking to buy one of the newbuilds, just in the area.

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