VIC Huntly near Bendigo

Discussion in 'Where to Buy' started by Kenil, 23rd Feb, 2021.

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  1. Kenil

    Kenil New Member

    Joined:
    23rd Feb, 2021
    Posts:
    3
    Location:
    Melbourne
    Hi All,

    I am currently researching Huntly near Bendigo for an IP. Budget is under $450k. Few reasons I found suburb interesting is due to:

    - Proposed Huntly Train station
    - New lots available around the train station currently selling for ~$140k for around ~500sqm land. Intention is to build a 4bhk house.
    - Prefer new construction to ensure that property is maintenance free for a few years. Rental return is the area is around $400/week.
    - Feel that the area is in the growth phase and will be developed in the next 5 or so years which would hopefully equal to capital gains.

    Keen to get your thoughts on this. Also, will be interested to hear people's opinion of the Huntly suburb
     
  2. Bendigus

    Bendigus Well-Known Member

    Joined:
    10th Sep, 2017
    Posts:
    254
    Location:
    Victoria
    It is a growing area, but it has a long long way to grow before land becomes scarce.
     
    Pingu1988 likes this.
  3. Ramsi

    Ramsi Member

    Joined:
    8th Mar, 2022
    Posts:
    9
    Location:
    AUSTRALIA
    Hi Kenil,

    Could you please let me know your updates on Huntly near Bendigo?Did you buy any Investment Property there?Pls share your inputs/cost details if you have bought it.I am currenly researching the area

    Eager to receive any inputs from anyone