Recent content by adz07

...wouldn't Sydney also be higher then going by that logic?

True but at the higher price plus SD, interest and LMI how long will it take to make that extra investment back? All depends on your budget and how long you want to wait until you build. All three areas are good for different reasons IMO.

They are still further from CBD. I agree the areas are probably better but from a developers point of view Laverton is better value as a 3 unit site is 150-150k cheaper.

My best mate recently bought a new unit off the plan in Altona North. Single storey 3 bedroom mirrored unit (block divided down the middle). 8m frontage, 20 sq, couple of tiny courtyards required throughout the place to let natural light in. He paid 630k. Double storey townhouses in Altona North...

I look for larger block in areas like Deer Park, Laverton, Ardeer etc where you can develop in the future. If you ever develop say 3 properties - 5% CG on 3 properties is more than 7% on one property.

I think once the new land releases are exhausted it will help Laverton too. I'm thinking about it. I can't really think of a better area with my criteria and budget at the moment.

Some people want new

Whats your budget? East/west? New townhouses in Glenroy, Laverton, Deer Park can be had for around 360-400k. All with decent growth prospects.

I agree Altona Meadows as PPOR. Laverton as investment/development potential. But who knows where Laverton will be in 5 years. Someone once told me to invest in sunshine (it was known as scumshine to most people back then) I was unable to see past that stigma. Big mistake I made.

Not only 700sqm but for 3 dwellings it needs to be GRZ of which there isn't much in Ardeer. The new zoning only allows more than 2 dwellings in areas within walking distance of train stations and community centres

Yep in the General Residential Zone. Ardeer not far behind. I mainly look where I can build 3 on a block

didn't you say you can make good money in laverton in your last post? I've been trying to get into sunshine west but if it has development potential it's nudging 500k

The cheaper houses in sunshine west are the ones not in GRZ so they are restricted in terms of developments (one dwelling per block maybe two if you meet certain criteria). The houses in GR zone (only a tiny area in Sunshine west) are well into the 400s and 500s already. A property sold at...

Laverton North is definitely industrial but the residential suburb of Laverton is pretty good and I spend a bit of time there as I have a few friends that live there and I don't see many trucks until you get out onto the main roads in Laverton North. ILaverton is also right next to Williams...

Have continuously started to hear from a variety of sources about Laverton as a good investment suburb. 18 km to CBD and easy access to freeway/Laverton Zone 1 train station. Can take as little as 15 minutes into CBD via freeway. It is basically the next suburb west after Altona in terms of...