Look Now, Maybe you should have bought years ago!

What year would you go back to if you had a time machine? Surely to a time when property was more affordable than today, right?Well, you don’t have to travel too far into the past to see that property has massively climbed in value across the country.In fact, in just 10 years, homes in suburbs once worth hundreds-of-thousands of dollars have reached the million dollar club.
 The trick is knowing which suburbs you should buy in today so that in 10 years time, you can pat yourself on the back for making a great return on investment. When we look at the suburbs on our site that people are most engaged with, they tend to have a number of characteristics – great retail, schools and public transport. If you are in a suburb with these characteristics, they will tend to do better than those without. Surprisingly, it isn’t always premium suburbs that have the most potential for growth. Often it is places that attract a lot of young people as they tend to improve the housing stock, as well as lift demand for better retail and schools.When it comes to the suburbs that Paul Basso, FNB Principal, would have bought 10 years ago, it is an easy choice.“I would have bought anywhere near the beach in Melbourne and Sydney. On the Peninsula, any property close to the beach or shops or on a good block of land.
Rosebud is a great suburb and now is quite an investment, Even a couple of years ago it was a lot cheaper.”

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Paul Basso

Author Paul Basso

Established in 2000, First National Basso is a business based on transparency, honesty, personal service and trust. With a commitment to innovation, First National Basso has continually evolved and grown to become one of the longest running and most trusted real estate teams on the Mornington Peninsula.

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