All Topics / Help Needed! / Melton, Victoria… A hotspot or not?????

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  • Profile photo of Sarahb77Sarahb77
    Member
    @sarahb77
    Join Date: 2009
    Post Count: 2
    October 4, 2009 - 12:02 pm

    Hi all

    Just wantd some thoughts on Melton, Victoria??  I keep reading it could be a good property hotspot…

    Im looking to purchase my PPOR to live in for a year (FHOG) then rent…  I figure purchasing a house in Melton would be a good start… For $205,000 I will get a 3 bedroom brand new house on good size block.

    *Melton is located 35km west of Melbourne
    *30 mins to Melbourne city
    *25 mins to Melbourne airport
    *Links to Melbourne freeways
    *Median price is $210k
    *Great house/land packages can be purchase for $200k-$250k
    *Growth stats incl 12mths=11%    24mths=18%    36mths=17%
    *Rental yield 5.6%, low vacancy rates
    *Great infrastructure in place and growing
    *One of Melbournes fastest growing regions

    What are your thoughts???

    Sarah

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    October 5, 2009 - 4:11 am

    Hi Sarah

    Might like to search previous posts as Melton has been a running thread here and on other forums for some years.

    Richard Taylor | Australia's leading private lender

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