I am thinking of buying to stay in Melton. Anyone knows this area? Any info would be welcomed about what i would expect to pay for a standard 3 bedroom house and possibilty of future would be like
Thanks FJFICM
you might be on a winner in melton. new govt report talking about huge population growth in the next 10 years. currently you can get a half decent 3 bedroom house for 200-220 k.
wont be positive cashflow but i reckon its still a good investment..
FJFICM
If you do your homework and are patient, there is property there in the 160+ range…. that is, if you take yr time…..
Melton is a nice place to live, and, yes, it should be a good area in the future….
I used to live in Sydenham 25 years ago, and all we had around us were cows….. now the place is surburbia….. :p
Cheers
Scott
Pelican Investments
http://www.pelican-invest.comI just bought my first home in Melton South for $180k, 3 bedroom, split level with ducted heating. I was persuaded by all my workmates, most of whom live there. Its got a great V-line train service, Victoria University, shopping malls and pretty much everything you’d need. Its got a good country feel to it too (for the moment at least) [
]Minxi
thanks for the tip
i bought in melton
about 700 m2 of flat land
3 bedrooms ensuite and semi-ensuite
15 square house
garage
19 yo
5 mins walk to Vic Uni
Rented by good tennants for 2 years – no problems watsoever, house is 2X cleaner/more immaculate than mine(definately better carpets)
all for just $156000
probably will live there after 15 years or so to enjoy some rural respite
so thanks for advice, i love this place……..for nowI would be a bit concerned regarding the capital growth in the area. There is plenty of flat land available for development and this will limit the growth in property values.
I think that this is a problem with Melbourne generally – developments in North, West and South East.
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