Buying investment close to CBD vs South Eastern Suburbs

A lot of people ask me, why would they invest out in Pakenham/Officer, when everyone says you have to be within 10 minutes from the CBD.

My answer is simple, the growth and yield in the South Eastern Suburbs are a lot higher than the inner city CBD by a mile. But dont just take my word for it, look at the facts and figures below:

Officer 5 year growth on a 4 Bedroom Home is 22.6%, median price to buy $451k, median rent $370 per week, rental yield 4.3%. (see below courtsey of http://www.realestate.com.au/invest/4-bed-house-in-officer,+vic+3809)
VS
Hawthorn 5 year growth on a 2 Bedroom Apartment 3.8%, median price to buy $541k, rental yield 3.8% (see below courtsey of http://www.realestate.com.au/invest/2-bed-unit-in-hawthorn,+vic+3122)

 

hawthorn

officer