1 Bedders in Melbourne

Hi everyone,

I've been keeping an eye on the market these past 12 months and have noticed the yields for 1 bedder units/villas are higher compared to 2-3 bedroom villas and townhouses.

Would love to hear your thoughts are on 1 bedder villas/units in the following areas...

- Sunshine / Albion: + proximity to CBD/Sunshine, - stigma, may have already have its growth
- Ascot Vale: + close to CBD, - cg growth not quite as strong
- Thornbury / Fairfield: + trendy, singles/couples prefer 1 bedders, - oversupply and future development in the area (thanks Beanie Girl!)
- Noble Park: + strong population, low vacancy, - stigma
- Spring Vale: + strong population, good history of cg, low vacancy, - may have already had its growth

I'm looking to purchase within the next few months and will hopefully have a budget up to $320, 000. My preference is Melbourne over Brisbane given the expected population growth/stronger real estate market and believe there might be still some good deals to be found.

My strategy is long-term hold (20 years), somewhat newer units/villas/townhouses within walking distance to a train station/shopping centre and that require minimal renovation.

Thanks for your help and insights! :D

1 Bedders in Melbourne