Hi goldies,
Are you still looking at Bacchus Marsh?  I've just come across your comment.  We have been buying property at Bacchus Marsh personally and helping our clients purchase there as well since 2007.  The outcomes have been great.  Having built new houses there there has been  immediate equity created, good yields and they are rented quickly. 

The comments about the avenue of honour above are incorrect.  The freeway straightening is very advanced and the trees are still beautiful (and there).  A number of our clients have recently purchased NRAS approved properties there which just adds to the story.  This is where the government provides a tax free incentive of about $10,000 for 10 years to property investors.  It makes most properties cashflow positive.  Ruby Janssen's report about NRAS incentives is a really interesting starting point.

Unfortunately all the NRAS properties in Bacchus Marsh have just sold so you'd be looking at another location.