All Topics / General Property / Wonthaggi Good or Bad ?

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  • Profile photo of daz61daz61
    Member
    @daz61
    Join Date: 2007
    Post Count: 19

    Hi Everyone,
    Would just like to get your thoughts on Wonthaggi. Very nice town & growing Big W has just arrived & Bunnings have bought some land.
    The town is situated only 10mins from Inverloch & 15 mins to Philip Island.Homes here seem to be very well maintained & extremely well priced, Plenty of homes on 800 – 1300 sq mtr’s from 160k – 220k. I am still looking to purchase my 1st investment so your advice would be appreciated.

    Cheer’s
    Daz [strum]

    Profile photo of L.A AussieL.A Aussie
    Member
    @l.a-aussie
    Join Date: 2006
    Post Count: 1,488

    Sounds good. Could be the next boom suburb that no-one has discovered yet! You’ll be on the ground floor.

    If you know the area, the values and trust your judgement, then go for it!

    How are the rent returns and the rent demand? Is there subdivision possibilities for the blocks?

    If the answers are yes! then I can’t see much of a downside.

    Cheers,
    Marc.
    [email protected]

    “we get sent lemons; it’s up to us to make lemonade”

    Profile photo of daz61daz61
    Member
    @daz61
    Join Date: 2007
    Post Count: 19

    Thanks Marc,
    I am Really just looking at a few options.But thanks for your feedback.

    R
    Daz

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