VIC Post up on new land releases in Melbourne

Discussion in 'Where to Buy' started by Westie, 29th Aug, 2017.

Join Australia's most dynamic and respected property investment community
Tags:
Page 6 of 11
  1. gary176

    gary176 Well-Known Member

    Joined:
    26th Dec, 2015
    Posts:
    104
    Location:
    Sydney
    Sorry.. yes I am looking around a 1m (min 2acer) not concerned about income but would be good if we can get some.. thanks
     
    gary176, 16th Oct, 2017
    #101
    The Y-man likes this.
  2. Westie

    Westie Well-Known Member

    Joined:
    19th Jun, 2017
    Posts:
    1,138
    Location:
    Melbourne
    Westie, 16th Oct, 2017
    #102
    The Y-man likes this.
  3. The Y-man

    The Y-man Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    13,525
    Location:
    Melbourne
    Anything on the immediate outlying edge of the metro spread is a potential IMHO. That gives you a lot of choice.

    I was looking at Yarrambat (even if they don't allow future sub-div, I was thinking a suburb of 5 acre blocks surroundes by tiny ones (Mernda, Sth Morang) might be a goer. But you'd be looking 1.5m+

    The area within reach of the hurstbridge station is another one I have been looking at - the occasional bargain pops up around there.

    Also, the far south east might be a shot - Cranny or even the likes of Nar Nar Goon along the vline tracks

    57-59 Main Street Nar Nar Goon Vic 3812 - Acreage/Semi-Rural for Sale #126593458 - realestate.com.au

    (Beware floods though on the lowland side)

    The Y-man
     
    The Y-man, 16th Oct, 2017
    #103
    craigc and Westie like this.
  4. craigc

    craigc Well-Known Member

    Joined:
    25th Jun, 2016
    Posts:
    1,601
    Location:
    Melbourne
    I like your Nar Nar Goon option there Y-man. Given people are already doing sub & develop in Garfield out as far as Warragul, Nar Nar Goon being closer in on the far end of Pakenham I think could offer good longer term options. Do your own diligence of course re train timetable, commuting options etc.
     
    craigc, 17th Oct, 2017
    #104
  5. Air_Bender

    Air_Bender Well-Known Member

    Joined:
    9th Jan, 2016
    Posts:
    691
    Location:
    Melbourne
    Not sure if you've posted this one yet Westie but for those interested the new release is this weekend.

    [​IMG]
     
    Air_Bender, 18th Oct, 2017
    #105
  6. Westie

    Westie Well-Known Member

    Joined:
    19th Jun, 2017
    Posts:
    1,138
    Location:
    Melbourne
    @Air_Bender, yeah did get that email but didnt get around to posting it.
     
    Westie, 20th Oct, 2017
    #106
  7. Westie

    Westie Well-Known Member

    Joined:
    19th Jun, 2017
    Posts:
    1,138
    Location:
    Melbourne
    Botanical Mickleham are releasing another lot of blocks shortly. They've also started using the Eventbrite idea that Woodlea have had for a long time so no more emails at 12pm ballot anymore. Either way, prices are crazy. Bot1.png

    Bot2.png
     
    Westie, 20th Oct, 2017
    #107
  8. Luca

    Luca Well-Known Member

    Joined:
    28th Jan, 2016
    Posts:
    1,019
    Location:
    Melbourne
    Yep, crazy prices. 256m2 in the middle of nowhere, at least 220k to build, that`s 430k, can buy something a lot closer...
     
    Luca, 20th Oct, 2017
    #108
    Westie likes this.
  9. teetotal

    teetotal Well-Known Member

    Joined:
    7th Nov, 2015
    Posts:
    736
    Location:
    Sydney
    Botanical did bump up their prices by 20K after last release which was like only 2 weeks ago.
    A lot of people lined up to purchase lots in the last release, first one in the queue was there from 1am. Hence they decided on Eventbrite.
    Mickleham will continue to grow because of nearby Craigieburn area being already established.
    As long as lots are cheaper than Heartlands, they’ll keep selling.
     
    teetotal, 21st Oct, 2017
    #109
  10. Westie

    Westie Well-Known Member

    Joined:
    19th Jun, 2017
    Posts:
    1,138
    Location:
    Melbourne
    There first stage was available via a first-come-first-serve email system, you sent an email at 12pm dot. Say there were 30 lots available, the first 30 emails to arrive at 12pm got their preference of lots in the order of arrival. Didn't know their second release was by first-in-best-dressed. 1am is an ungodly hour! Mickleham's got 2 estates already, Trillium and Waratah, dunno how this one stacks up against them, never have had the chance to drive there (too far for me to go there unnecessarily).

    @teetotal - you had a build going in Truganina mate IIRC? Or you're waiting on titles?
     
    Westie, 21st Oct, 2017
    #110
  11. teetotal

    teetotal Well-Known Member

    Joined:
    7th Nov, 2015
    Posts:
    736
    Location:
    Sydney
    Yeah Truganina construction recently completed, just waiting on occupancy certificate now.
     
    teetotal, 21st Oct, 2017
    #111
    Westie likes this.
  12. teetotal

    teetotal Well-Known Member

    Joined:
    7th Nov, 2015
    Posts:
    736
    Location:
    Sydney
    Haha, that got you miss on 20K potential gain in two weeks :p
     
    teetotal, 21st Oct, 2017
    #112
  13. Westie

    Westie Well-Known Member

    Joined:
    19th Jun, 2017
    Posts:
    1,138
    Location:
    Melbourne
    No more H&L for me, my next IP will be an established house somewhere. Can't say this isn't enticing though lol.
     
    Westie, 21st Oct, 2017
    #113
  14. Westie

    Westie Well-Known Member

    Joined:
    19th Jun, 2017
    Posts:
    1,138
    Location:
    Melbourne
    The Life Estate in Point Cook sold out their new release on the same day. 448sqm block for $460k :eek:. Titles I believe towards the end of next year.
     
    Westie, 1st Nov, 2017
    #114
    saray4 and melbournian like this.
  15. Air_Bender

    Air_Bender Well-Known Member

    Joined:
    9th Jan, 2016
    Posts:
    691
    Location:
    Melbourne
    Air_Bender, 3rd Nov, 2017
    #115
    Westie likes this.
  16. Human

    Human Active Member

    Joined:
    4th Nov, 2017
    Posts:
    29
    Location:
    Sydney
    upload_2017-11-5_19-52-50.png
    Prices seems to be high. Only one lot 220sqm $191k, very few 263 sqm $226K, 350 sqm for $275k, and all above. Title May 2019 "Anticipated". Turns out to be roughly around $860 per sqm.
     
    Human, 5th Nov, 2017
    #116
  17. Luca

    Luca Well-Known Member

    Joined:
    28th Jan, 2016
    Posts:
    1,019
    Location:
    Melbourne
    Too much... surrounded by land everywhere...
     
    Luca, 5th Nov, 2017
    #117
  18. Dyonsuxx

    Dyonsuxx New Member

    Joined:
    5th Nov, 2017
    Posts:
    1
    Location:
    Vic
    Hello Guys,
    I am new to this. I have just bought land at Merrifield , (245sqm),which I will need to built upon release in Dec 18. ( within 2 years)
    It is my first ip , have done ok?
     
    Dyonsuxx, 5th Nov, 2017
    #118
  19. KateAshmor

    KateAshmor Victorian Conveyancing Lawyer Business Member

    Joined:
    25th Jun, 2015
    Posts:
    711
    Location:
    Melbourne
    I’m seeing lots of investor activity around Donnybrook. The Victorian Government has also just announced it will be a new suburb, with significant investment in community facilities.
     
    KateAshmor, 5th Nov, 2017
    #119
  20. Air_Bender

    Air_Bender Well-Known Member

    Joined:
    9th Jan, 2016
    Posts:
    691
    Location:
    Melbourne
    Aurora Stage 20b, 17 lots release this weekend.

    upload_2017-11-6_12-26-15.png
     
    Air_Bender, 6th Nov, 2017
    #120
Page 6 of 11