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Hi Ivan,
I think this comment needs clarification.
Werribee itself is not spruikers heaven. It is a very old area with home 50-80 years and not much free land at all – more or less bound by the Ballan Road, Werribee River, Heaths Road and the Princes Freeway as far as Skelton Creek (older part of Hoppers Crossing in this patch). Some areas are classified by the National Trust – Carter Cottages. Over the years it has had good manufactured growth opportunities and still does. Generic growth has just been steady for a number of years now. Also older parts of Hoppers Crossing have provided good refurbishment opportunities over the years – along the Metro line from Werribee
You are correct with H&L in the areas north of Sayers Road (i.e. Tarneit, Truiganina), west of Tarneit Road and east of of Skelton Creek. I would stay clear of that as there is years of land out there.
http://www.maplandia.com/australia/victoria/wyndham/werribee/
All the best Geoff
I have lived in the Werribee area for 20 years. Properties didn’t move for years and there had been a stigma about the Melbourne West. Up until 3-4 years ago you could buy a 2yo house on 700 sqm for between 140k – 160k and rent it out for $200 per week. Now the same house costs 210k – 230k for the same rent. Older parts of Hopeprs Crossing and Werribee you can get houses for $160k – $180k but rent is 160 – 180 pw.
That is not to say that there aren’t bargains around but this area has really moved with the ring road, lots of new light industry, the new Melbourne – Geelong freeway and the new estates (average block in new estate is $140k for 700sqm).
The last stats I saw said that there are about 7,000 a year moving here and it is booming.
Hope this helps.
We brought the cheaper Cashflow for Kids first – really good for kids. Even the adults enjoy it. We then went onto Cashflow 101 and enjoy it as well. We all learn different things all the time. I didn’t worry about the cost – the game is teaching my kids stuff at 10 – 12 which I am learning in my late 30’s/early 40’s. My kids have time on their side so (all well) they can retire in their 30’s not in their 50’s. If I can use this as a tool to teach my kids about finance then the cost is little cf the time it takes to learn about all this stuff. i.e. it is not taught in schools.
