Born and bred in Noble Park whilst growing up, was always a rough area but I wouldn't of wanted it any other way.
Parents sold in 1997 for $124k our family home on 600sqm and then we moved to Rowville which since has gone nuts too.....but generally I can't believe what is happening in Noble...
Have to agree.....the old saying goes when the tea lady and taxi driver are giving you tips, then you know it's hit near it's peak and a correction could be coming! Well this used to be the case in the stockmarket so not sure it's the same in property lol. Doesn't worry me, just need it to last...
+1 especially if you want to add value. Having said that just sold my townhouse this week in Ardeer lol, lots and lots of interest so definately hot market right now.
Good on them as well, why not. GW is crazy, has had repercussions in some surrounding suburbs as well (ie Mt Waverley, Wheelers Hill and now even Wantirna Sth).
I'm developing and moving to Rowville which is starting to attract some Chinese money of late recently but it's still affordable...
SOLD folks at $393k and a long settlement until Oct 31 which suits my family just fine.
Took 3 weeks and 2 opens and we got more or at the upper end of what 2 leading agents in the area valued it prior to us going it alone :)
Over the moon and stoked, would recommend anyone who has the...
An update-
We had another 5 through today with another couple returning from last week.
Had a call in the afternoon from a party last week who wish to put in a formal offer of $393k and 120 settlement unconditional. Have sent them the Contract of Sale that's 2 formal offers on the table...
Too simplistic to say it's better just because the site is $100-$150k cheaper. You'd need to factor in resale costs and rent yields etc to compare apples to apples.