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Property outlook in Upwey VIC

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NT | 06 Jul 2016, 01:28 PM Agree 0
What do you think of future outlook of properties in Upwey?

I'm thinking of buying a gentle slope or nearly-flat house in Upwey (a 3-bedroom, 1-bathroom house) around $450-530 K for around 800-1200 sqm land area. Hold it for around 3-5 years while renting it out for around $350 a week. Within 1.2 km Accessible to train to CBD.

http://house.ksou.cn/suburb_compare.php?r=Upwey&sta=vic&q=Warranwood,%20VIC

Comparing Upwey to Warranwood:
They r both bushfire prone area.

Upwey Pro:
Low rent vacancy rate and supply
etc.

Upwey Con:
Most properties in Upwey are LDRZ.
Less multicultural (Based on my experience, more multicultural will bring up academic results of local schools.)

Or I should invest such money in other suburb due to better future growth, for example Hopper Crossing, Berwick or Frankston?

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