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RogerB1

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Reviews

Bentleigh

"Close but No Cigar"

Bentleigh is a nice suburb that suddenly within 3 years, has moved from an average price of $800,000 to $1,400,000 dollars. You can decide for yourself whether this is a nice suburb especially when house prices have grown way beyond the means of the very people that live here.
From an amenities perspective, it is serviced by 2 train stations but only if you live within the 10 to 15 minute walk radius. The rest of Bentleigh are pretty sad looking and still going through overhyped gentrification.
There are plenty of schools in Bentleigh but they are very average public and Catholic schools.
At one point in time, I had thought of moving here but it's kinda hard to access as you can only take Nepean Highway, which is always densely trafficked.
Would I still move here? Well, only if prices come down by $400,000. That is actually the true value of houses around this area. Anything more, you have just overcapitalised because guess what, you cannot even rent out your $1,400,000 for $900 bucks a week. Again, it's beyond the means of people who live here. If they can afford $900 per week, they'd be renting at Brighton or Toorak.
So there you go, stay away from Bentleigh unless you can get a townhouse for $1,000,000. You won't see more capital gains if you purchased a house above $1,250,000 and most definitely no rental yield. It's good to buy here if you wish to negative gear to Timbuktu.....

Great for

  • Schools
  • Good value shopping
  • Health Care

Not great for

  • Property prices beyond means of local residents
  • Traffic jams
  • Increasingly unsafe with break-ins, burglary and assault
  • Congestion
  • Unsustainable property prices
  • Inadequate retail.
  • Older homes, need more apartments

Who lives here?

  • Families with kids
  • Retirees
0
tomj7

Where else would you suggest?

The opinions expressed within this review are those of the individual and not those of Homely.com.au.
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