Any investor bought or looking at this little town west of melb? New station built in June Red - future town centre Blue - future commercial centre From research, south and south west of the new station is getting very hot price from 400-500k for 4 bedder house 400-600sqm. New H&L package 450-500k with only max 250-400sqm ... But a bit closer to the station. Any thoughts on the towns future? Growth potential? Maybe oversupply of houses in few years? Heard they are going to build few thousands of houses there lol.......
Friend bought one in 2010 for $330k and sold last month for $410k. $80k for 5 years.... Not an ideal investment return.
Land land land... Weribee, Melton, point cook, derrimut.. All these areas have so much land around them it's not funny. Farms upon farms! For 300k mark they would be okay as a cf deal.. But for close to 450-500k that is a lot of cash to through at an area like this.. I think you can made 450-500k work much harder than this.. I understand the appeal of new amenities going in, but there is still too much supply
I know the area well, i was working on the train line which is now completed. There is a massive over supply of housing there so i guess you have to ask yourself 'why would someone want my property and not next doors, or across the street, etc' There is so much land out there that they will just keep smashing estates up causing the old supply/demand see-saw to shift.
Hi, The issue with Tarneit is that there are to many new homes being built. Some parts of Tarneit have to many rental homes. Your better off looking at some parts of Werribee or hoppers crossing!!!
Yes, but where in Melbourne can you purchase a house walking distance to a train station for sub 400k? I think it's certainly worth more thought and investigation. I had a look at Westbrook estate myself and thought it looked good: can't buy at the moment though.
Numerous, eg. Frankston North, Pakenham, Cranbourne, Craigieburn, Laverton, St Albans, Hoppers, Werribee. Some of the above under $300k.
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