VIC Armstrong Creek vs. Torquay

Discussion in 'Where to Buy' started by vnet, 7th May, 2020.

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  1. vnet

    vnet Member

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    7th May, 2020
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    Location:
    Torquay
    Hi,

    I am back in Australia and have 2 young kids. My wife family is based in Torquay. We would like to settle next to the family. Armstrong Creek seems to be much less expensive than Torquay. Has any of you have a view on the growth potential of Armstrong Creek and if it is a nice area to live in?

    Thanks,
     
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  2. ashish1137

    ashish1137 Well-Known Member

    Joined:
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    Location:
    Sydney
    Hi @vnet

    I have been investing and have helped a lot of friends acquire land and built houses there both for investment and ppor.

    Specific estates are very good. If you can stay in vicinity of surf coast highway, there are still some bargains to be had.

    448 sq mt for about 275k and a 22 to 26 square house between 260k to 280k.

    I thibk the location has a lot of potential and you are still spending ateast 100k to 150k less than Torquay.:)

    Regards
     
  3. vnet

    vnet Member

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    Location:
    Torquay
    Hi @ashish1137

    I am looking for a PPOR already built at this stage which specific estates do you recommend to look at?

    Thanks,

    Vincent
     
  4. Westie

    Westie Well-Known Member

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    Fully agree with @ashish1137, I have property in AC too, always rented out (thankfully!). Not sure if there're still bargains out there in the premium estates, do your research. Torquay is always going to be more expensive than AC for the obvious location factor.
     
    vnet likes this.
  5. ashish1137

    ashish1137 Well-Known Member

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    Location:
    Sydney
    Hi @vnet

    I have seen deals and recommend the following in the same order:

    1. Armstrong
    2. Warralily
    3. Grange or any other part around whites road
    4. Ashbury
    5. Sanctuary
    6. Watermark or any around the barwon heads road.

    My preference has been to be as near to the surf coast highway as possible.


    Regards
    Armstrong
    Warralily
    Ashbury
    Anything near surf coast highway as first oreference and barwon heads as second. :)


    Regards
     
    vnet likes this.
  6. vnet

    vnet Member

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    Tx
     
  7. andyboiii

    andyboiii Active Member

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    Location:
    Melbourne
    Ashbury estate is within walking distance to the new town centre and opposite Iona Catholic girl's college (on Boundary Rd) and very close to the Surf Coast Highway.

    I built in it and highly recommend it. I love the feel of the area...
     
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  8. Westie

    Westie Well-Known Member

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    What's the rent like there? My tenants in the Villawood one gimme $450/week for a 4x2x2, decent house.
     
  9. ashish1137

    ashish1137 Well-Known Member

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    They are pita to deal with. Took 3 months to finalize the design and kwpt knocking off. Finally, he had to thresten them to get it approved.
     
  10. ashish1137

    ashish1137 Well-Known Member

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    Location:
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    Ot will be approx. 430 per week. Villawood is higher.

    I get 410 per week for a 15 square 3 bed 2 bath 1 garage on 238 sq mt corner lot. Best that. :p
     
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