VIC Fastest growing suburbs

Australia's fastest growing suburbs revealed. Vic is splashing

New figures reveal Australia's fastest growing suburbs

Northlakes makes an apppearing too.

 

Yes...correct.

Your returns are turbo charged when infrastructure is being put in..here is what is happening:

1. West - Werribee, Tarneit, Trugannia - transport infrastructure, proximity to city (less than 25 klms...not way you can buy on otherside of Melbourne for the same price), huge employment precinct, multiple shopping centres and upgrades in place

2. South East - Clyde North, Office, CranebourneEast -

3. Kallangur/Petrie/North Lakes/Redcliffe Peninsula - multiple shopping centres in place...the catchment would have enough people in place for a major Westfield!, transport infrastructure upgrades, new university proposed

 

Professor Buxton said."likely achieve minimal capital growth."

Hodges chief executive Carmel Baker said “Values are also increasing quite strongly in the area,”.

So there is total confusion

 

Tarniet is only 30 mins on the train. Unbelievable. Yields are ridiculous though.

Are they releasing new land there?

 

Yes they are plenty of estates....

If you mean that the yield on a new place is now between 4.7-5.2% yes...it is not as good...primarily due to land prices moving from 130k to over 210k for 300sqm blocks within 3 years. It is now rivaling prices in the Southeast like Cranbourne East and Clyde North.