{"id":4815,"date":"2015-06-24T01:00:31","date_gmt":"2015-06-23T15:00:31","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=4815"},"modified":"2015-06-24T01:00:31","modified_gmt":"2015-06-23T15:00:31","slug":"suburbs-that-are-coming-to-life","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/suburbs-that-are-coming-to-life\/","title":{"rendered":"Suburbs that are \u2018coming to life\u2019 – Margaret Lomas"},"content":{"rendered":"

 
\nIn today’s show Margaret Lomas<\/strong><\/a>, from Destiny Financial Solutions, takes a look at the suburbs around Australia that are \u2018coming to life\u2019 in terms of future growth. She says don\u2019t overlook Melbourne just because there is a lot of talk about oversupply. She tells us why.
\n <\/p>\n

Transcript:<\/h4>\n

Kevin<\/b>:\u00a0 A few weeks ago, I was talking to Margaret Lomas from Destiny Financial Solutions and suggested then that it might be good for us to get together again and have a talk about some of the suburbs around Australia where Margaret is seeing good growth or good potential \u2013 or what I tend to call, Margaret, suburbs that are coming to life.
\nHow are you?
\nMargaret<\/b>:\u00a0 I\u2019m good. Thank you.
\nKevin<\/b>:\u00a0 Good, and, of course, your show on Sky TV, Property Success with Margaret Lomas, <\/i>going very well.
\nMargaret<\/b>:\u00a0 Yes, absolutely. We\u2019ve started the new season, and it\u2019s always great to be in a new season. It\u2019s Seven years now, so I think the viewing public are quite enjoying it.
\nKevin<\/b>:\u00a0 Yes, it\u2019s great, and I\u2019m always delighted to be a part of it, too. Margaret, thanks for involving us in it, too.
\nWhich suburbs are you seeing coming to life around Australia?
\nMargaret<\/b>:\u00a0 Look, let\u2019s start down in Melbourne because I know people are a little bit concerned about Melbourne at the moment because of the oversupply of apartments in the city, and they\u2019ve got every good reason to be concerned about that. There is an estimated 85,000 apartments that are going to come online within the next seven years, and that\u2019s just in the CBD alone, so you can imagine what that\u2019s going to do to that market.
\nIt\u2019s going to flood it with properties, but it\u2019s also going to flood it with rentals. So even if you manage to maintain the value in the properties you\u2019re buying, you\u2019re not going to see a very good rental yield because there are just going to be too many of them on the market and available.
\nI like a couple of the suburbs that are out in the southeast, and the reason I like those properties is because there are a couple of areas there where we\u2019ve really seen a bit of a demographic shift in the number and size of families that are living out there, and we\u2019re also seeing the local councils responding to that shift in demographics with a whole lot of infrastructure, including things like those big shopping centers, the big home buyer centers, plenty of facility and amenities.
\nThe places I\u2019m liking at the moment include Cranbourne \u2013 that\u2019s Cranbourne North, Cranbourne West, and Cranbourne itself. But I also like Carrum Downs, which I think is one that\u2019s stuck in there behind Seaford, just down from Patterson Lakes, and it\u2019s a lot cheaper than those two areas, yet still close enough to some of those main arterial roads that lead back into the city.
\nKevin<\/b>:\u00a0 Excellent. I hadn\u2019t heard of that one before.
\nMargaret<\/b>:\u00a0 I know. I\u2019ve always got properties or areas that you haven\u2019t heard of.
\nKevin<\/b>:\u00a0 I know you do. You\u2019re a surprise packet. Where to next?
\nMargaret<\/b>:\u00a0 Okay, next is up in your stomping ground. Now, I\u2019ve been liking, of course, Deception Bay for quite some time, but I think what\u2019s happening up in Deception Bay is it\u2019s running just that little bit hot because a lot of people are looking there.
\nSo I\u2019m moving out toward Rothwell \u2013 which is a little south of Deception Bay, and that\u2019s not quite as overheated as Deception Bay at the moment \u2013 but also down into Mango Hill. Mango Hill is right there on the main road, the Bruce Highway leading right back into the city.
\nYou can still get into the mid $300,000s there with good rental yields of around about 6%, and because of its proximity back on to that freeway, I think what we\u2019re going to see is an issue like we have here on the Central Coast where we have Kariong, and it\u2019s a suburb that always does really well because its situated right there on the main freeway back down into the city, so I\u2019m really liking that.
\nTo a lesser extent, Kippa-Ring \u2013 up around that area is another area that I think is going to be one that people really should watch.
\nKevin<\/b>:\u00a0 Yes, that Redcliffe Peninsula is a real surprise. There are some great properties up there, and the lifestyle is so good, too, Margaret.
\nMargaret<\/b>:\u00a0 Not a surprise to me because I always knew that Redcliffe, years and years ago, would do really well. All you had to do was go there and see what kind of a lifestyle you could have and know that it\u2019s only about a 17-minute drive back to the airport to know that it was going to do well.
\nBut often when something is right before you know, it\u2019s difficult to see the opportunity \u2013 and that includes areas like Cranbourne and the places I mentioned down and around Melbourne. The locals always look at those areas with disfavor and don\u2019t think they\u2019re going to do very well. But if you\u2019re coming from outside of the area, you don\u2019t have that same prejudice with you, so it\u2019s much easier to see all the positives rather than the negatives.
\nKevin<\/b>:\u00a0 Excellent. There\u2019s a snapshot for you on a few properties for you to have a look at from the expert Margaret Lomas at Destiney Financial Solutions.
\nMargaret, thanks again for your time.
\nMargaret<\/b>:\u00a0 Thank you.<\/p>\n","protected":false},"excerpt":{"rendered":"

  In today’s show Margaret Lomas, from Destiny Financial Solutions, takes a look at the suburbs around Australia that are \u2018coming to life\u2019 in terms of future growth. She says don\u2019t overlook Melbourne just because there is a lot of talk about oversupply. She tells…<\/p>\n","protected":false},"author":176692471,"featured_media":4816,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[10,13,25],"tags":[101],"class_list":["post-4815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kevin-turner-sponsored-channels","category-latest-story","category-sponsored-channels","tag-podcast"],"yoast_head":"\nSuburbs that are \u2018coming to life\u2019 - Margaret Lomas - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/suburbs-that-are-coming-to-life\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Suburbs that are \u2018coming to life\u2019 - Margaret Lomas - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"  In today’s show Margaret Lomas, from Destiny Financial Solutions, takes a look at the suburbs around Australia that are \u2018coming to life\u2019 in terms of future growth. 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