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$400M Monash Upgrade (Melb)

Discussion in 'General Property Chat' started by MTR, 23rd Nov, 2015.

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  1. MTR

    MTR Well-Known Member Premium Member

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  2. LibGS

    LibGS Well-Known Member

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    This upgrade is a joke.

    Outbound it will help.

    But inbound, not in the slightest, as there is a bottleneck between Eastlink and Warrigal rd. Currently from South Gippy to Eastlink it is 4 lanes, Eastlink to Warrigal is 3 lanes. What is the point of simply making the 4 into 5 lanes which will then lead on to an unchanged 3 lane road. There will be new modern traffic management, but that will in no way help with the extra 25% cars.
     
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  3. sash

    sash Well-Known Member

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    Just got back from Melbourne...wow that place is going off.....I can now see why it will overtake Sydney over the next few year.

    The lack of affordability is Sydney is causing a lot of Sydney families to move down to Melbourne. Heard this quite a few time whilst down there. Quite a few Sydney families who can not afford Sydney are moving down there.
     
  4. MTR

    MTR Well-Known Member Premium Member

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    Highest immigration in Australia, and Affordability and jobs in Melb makes it attractive.

    In Perth we now have affordability due to drop in property prices but no jobs.
     
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  5. Scott No Mates

    Scott No Mates Well-Known Member

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    @MTR - so, still unaffordable but at lower price levels?
     
  6. MTR

    MTR Well-Known Member Premium Member

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    Affordable? I am talking about lower demo areas perhaps15-17km ring.
     
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  7. jpcashflow

    jpcashflow Well-Known Member Business Member

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    Melbourne still has some positives :)
    Even with the lay offs from Toyota and Holden there will be minimal impact as some new industries are growing in Melbourne.
     
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  8. Scott No Mates

    Scott No Mates Well-Known Member

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    15-20km is well above median in Sydney and not affordable by many measures. Definitely not fhb territory.
     
  9. MTR

    MTR Well-Known Member Premium Member

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    There are areas in Melb in this ring, west and north that are affordable FHB market, Melb a different beast to Syd.
     
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  10. sash

    sash Well-Known Member

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    Yep...the funny thing is driving around the outer estates about 30-40 klms so are very beautiful and very well done.

    You can get yourself a very nice 26-28 sqm on 400-450 sqm for under 450k. Definitely not possible in Sydney. Even in Brisbane it would cost a bit more.

    Looking around the amount of residential building must be keeping the Melbourne economy going. I looked at wages and they are pretty much on par with Sydney maybe 5% difference...

    The question is why no one is talking about investment ..me thinks it is mostly home buyer driven.