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HI ossi89
I have spoken to a few real estate agents, and yes, these areas are starting to gain momentum. Its incredible the value you are buying compared to Melbourne, which is only 40 mins down the fwy. Many investors are interested, and especially buyers from melbourne. The suburbs such as corio, norlane, north shore, have enormous potential for the future, as you can purchase an ex commision home, usually on a very large suburban block. The large land enables the investor to perhaps subdivide in the future. Do the research and explore the potential.
hello, just wondering if you have any more information on the proposed industrial park north of corio?
“There was an article in The Age not too long ago that talks about a proposed industrial park north of Corio, which I presume is an attempt to compensate for the dwindling car industry.” is there a link to this particular article? .catlib01 wrote:Hi everyone,I have started looking in Corio recently and can anyone comment on which part of Corio is a better part than others?
I think the area west of the shopping centre is not too bad, between Bacchus Marsh Road and Princes Highway.Thanks.
Catherine
corio area next to corio village, just off bacchus marsh rd, is a fantastic location.
ALF1 wrote:G'day Bythebay.
You have the trifecta with affordabilty, location and great tenants – don't let go of that one in Corio! I used to live in Hoppers Crossing and Werribee and 30 years ago Werribee was a Shire and my collegues thought I lived in the boondocks! I bought my first block of land in Hoppers for $4000 in 1979 and my first H&L for $34,000 in 1982. Werribee is now a city and suburb of Melbourne and is still only 20 minutes via the Westagate Freeway to Melb CBD. Corio is not much further out than Werribee and with all the points you have raised about its location and affordability means that as Melbourne continues to grow west and suburbs like Lara and Little River get swallowed up, Corio is next on that list. You are going to do well if you maintain a 'buy and hold' philososphy.
Kind regards,Very encouraging comment. I often wonder whether to sell and buy a more expensive property nearer to, in melbourne.
I am waiting to see if the ex commission homes in the corio area are being renovated or even redeveloped, ie unit sites. the area certainly has the large blocks to do so. regards, taThanks JacM, Excellent points..
Situated in the growth corridor that is Geelong, right in the middle of major infrastructure, development and growth. 10 mins to city of Geelong, very close highway access straight to Melbourne, gateway to the surf coast, close to shopping centres, doctors clinics, public transport. $40 million is being injected into the Norlane community to boost the area. The Northern suburbs are set to boom in the not too distant future.Solomon10 wrote:How about the suburbs around Breakwater on the Queenscliff side of Geelong? People seem to be buying up houses in Norlane/Corio/North Shore etc like crazy, they are under 200K 40 min drive to Melbourne cbd, but how long would one have to wait until gentrification begins and the bad people move out of there? Interesting gamble says i…WHY? are they buying up houses in Norlane/Corio/North Shore etc like crazy, they are under 200K 40 min drive to Melbourne cbd???
there are dodgy people in every suburb including the so called elite suburbs, not just corio and norlane…….Eventually these comission homes will be redeveloped, and this suburb will prosper.
Solomon10 wrote:How about the suburbs around Breakwater on the Queenscliff side of Geelong? People seem to be buying up houses in Norlane/Corio/North Shore etc like crazy, they are under 200K 40 min drive to Melbourne cbd, but how long would one have to wait until gentrification begins and the bad people move out of there? Interesting gamble says i…i have a property in corio, returning great rental with fantastic tenant, Corio just has a bad name , but as affordability declines, people dont have a choice but to buy in these areas,….The land is huge, and will fetch high prices in the future,…the potential for growth is great, close to the new avalon international airport. Its a good start for anyone wanting to start in the property market. without spending too much.
