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Not necessarily. The rail link is intended to provide dedicated tracks for country trains to get into Melbourne without being held up by suburban trains. Instead of routing Geelong trains via Werribee the plan is to route them via Sunshine on extra tracks. Werribee itself could well...

Advantages of Werribee - An old 'main street' town centre with all services close by - don't need a car - Character homes south of Synnot St - Werribee river and riverside houses - Fully staffed station and trains to Geelong - Designated major activity centre in Melb 2030 plan (though...

That's a very good way of looking at it. A lot of people only think of leverage as being the gains relative to the initial deposit when a comparison against the annual holding costs is more accurate especially for (i) buy & hold and (ii) where you depend more on serviceability than LVR to...

Was that crime rate per thousand of population or raw numbers of offences? Since Melton has about the fastest population growth rates in the state, even if its crime rate held constant the number of crimes would still rise quickly. Some inner suburbs with very little population growth...

Do the papers monitor Somersoft? ;) Here's a fun exercise that can be done by anyone who has bought a house in Melton, Broadmeadows, Craigieburn, Frankston North or similar 'cheap' suburbs. Suppose a friend asks about property investing. Let's assume they've owned their home and are...

Discerning what is value and exploiting an imperfect market Part of this I think is tied to an area's appeal, amenity and value for money. It's unfair to directly compare an $800k suburb with a $200k suburb. However when similarly priced suburbs are compared by appeal and amenities...

One of the sorts of surveys that always recommends the hip inner suburbs over daggy outer burbs has listed Melton as one of Melbourne's most 'boring' suburbs, along with Dandenong, Broadmeadows and Footscray...

Melton and the search for value Never? Such houses cost $70k in 1987. This is not the best capital growth (a near tripling only just beating CPI) but 'never' is possibly a little harsh. Melton like similar cheap suburbs has been subject to long flat periods and rapid spurts (eg...

This has a lot of truth; in Melton one can either live near the major shopping centres or the railway station, but not both. I consider this a major disadvantage of Melton compared to the better planned suburbs such as Frankston, Sunshine, Chelsea, Mentone, Malvern, Preston and even...

I agree. Property investing is all about the search for value. Then purchasing when you find it. If you see value before others do, you gain. But if others never do see value then prices are stagnant and your returns are average or worse. However I consider the risk of...

The price of established units versus established houses in suburbs like Melton is interesting. Normally one expects units to be significantly cheaper than houses. Eg in a mid-priced suburb an established house might be $400k whereas a unit might cost $250-300k. It is sometimes stated...