Mernda is considered very far out with an abundance of spare landing surrounding it. People won’t be competing to live in Mernda anytime soon. Average deal won’t work out there as an investment.
If you are prepared to look that far out of town, at least Diamond Creek is more picturesque and has established infrastructure including a train line.

The only investors who have made a killing out there are the developers that got the land off the farmers for nothing and got all the zoning changed for residential development.

• This reply was modified 8 years, 11 months ago by  soupy.
• This reply was modified 8 years, 11 months ago by  soupy.

You can get something a little older there on bigger land, and probably more floor space for 400k or less, so where is the value in your deal? Look at recent sales history if you don’t believe me.

Which part are Melbourne are you based? or are you preferring to deal with a Solicitor in?

I have one I recommend highly.

Pass me your details and then I can let you know.