VIC Werribee Werribee!

Please share more info about the acz in different councils, diagrams/maps would be highly appreciated.

 

go to the other thread - but what do you want to see ? and what are you looking to buy?

 

The spruikers are out - on Gumtree - eg **Australian Education City**Land/house package starting at $570k | Property For Sale | Gumtree Australia Wyndham Area - Tarneit | 1163082286 .

Education City hasn't been approved yet yet they're asking nearly $600k for a house and land package nowhere near it!

 

How do immigrants and none English speaking people afford to buy these houses at any cost?

 

What the...?! What does English have to do with buying a damn property? It's not like you've got to take a language test before they let you bid/buy something.

 

meanwhile in Sydney

 

Then who the **** reads the advertisement, organises the finance and paperwork? The Foreign exchange? Or the book of English?.

 

I can clearly smell some jealousy emanating. The ads are pretty simple to read, grade level English is more than enough, it's not like the ads are written in PhD level English, tons of brokers out there that speak multiple languages and cater for all sorts of buyers. Focus on your goals mate, don't stress about other buyers. We're in a huge country with huge opportunities if you look well enough. Take it easy.

 

Immigrants are the hardest working people I have actually ever met. They are hungry people who come to Australia for a better life. They appreciate this country as it is a hell of a lot better than most of the countries they originated on and so, they see the HUGE opportunities that this country can offer.

I think this quote is appropriate here, "Only a fool would underestimate a man with nothing to lose.”

Immigrants often come from another country with NOTHING. They often have degrees in other countries however it means NOTHING here. They get thrown into a brand new society and culture where they know NOTHING and work like dogs for them to become SOMETHING. They don't complain, they are happy to do jobs and work hours other people aren't happy to do and they don't buy lavish things, go on holidays and most importantly they live a simple life.

 

Anyone seen the progress on the underground railways in Werribee? Will make it much easier to get to than Hoppers.

 

Underground rail? In Werribee?!

 

Looks like someone's snagged a bargain in Werribee this past weekend, given how hot the area's been.

To be fair though, this property isn't walk-able to any amenity. The hospital is a few mins driving up the road, so is Hoppers train station. Good location for when the education precinct finally takes off. Again, decent buy in the so called south side of Werribee. This would've fitted your budget nicely @rapr.

 

These crossings are going to be removed from Werribee.

Werribee Street, Werribee | Crossings | Level Crossing Removal Project
Cherry Street, Werribee | Crossings | Level Crossing Removal Project

All the houses on Market Rd and streets branching off it will do nicely out of this.

Looks like a few properties in Market Road have been selling.

37 Market Road - 864m^2 for $851,500
1/59 Market Road - 270m^2 for $334,000

The whole city centre is being majorly invested in. I'd say this is the last chance before the avg house in this area is sub $700k. It is a great place to live.

 

Thanks for the links, I learned something today.

While it's a great place to invest in, not sure about the great place to live idea. The termite inspector that usually does the inspections (Termguard) at my house every year, has lived in the Werribee/Hoppers area his entire life and he calls the Market Road area Stab Central. That said, I was at the auction for two adjoining properties 141 and 143 Market Road earlier this year, they sold at auction for a combined total of ~$850k, land area being about 1100sqm. So the market is definitely strong.

 

I attended the auction just out of interest as I recently bought an IP in close proximity in the same street. The condition of the property was not great but liveable. It is also weatherboard house, within the court bell mouth, therefore the frontage is comparative narrow on a curve. However imo this was a great buy in the given market. This area is also marked for RGZ (residential growth zone) and will be directly opposite the much talked about Australian Education City. Anyway this sale price dampened my investment enthusiasm a little bit as it made my buy not a great one

 

Is it rezoned to RGZ recently or yet to be rezoned? It's GRZ according to planning maps.

 

This area has been identified as 'Substantial Change Area' in Wyndham Council's Housing and Neighbourhood Character Strategy which is equivalent to RGZ. Therefore it is proposed to be rezoned as RGZ in near future.
According to Council website consultation on this Strategy’s implementation and the introduction of proposed residential zones concluded on 17 March 2017. A wide range of issues were raised in submissions. Council officers will consider the issues raised in submissions, and prepare a report for Council’s consideration later this year.

 

More info about this property here, it will have DDO overlay though

 

Lots of units selling at great prices. Werribee, VIC 3030 Sold Property Prices & Auction Results

 

Not the best investment though. Keep a keen eye out and buy a house instead, and buy well too.