Recent content by Melb Wildcat

Property Market I think the lower end of the market (200 to 300k) might stay about the same, especially with many first home buyers using their grant to buy in these lower priced areas. I feel that many of the more expensive areas (600k plus) might go down as less people will be able to buy...

Now that Eastlink is now open and tolls activated just think Bayswater might have a bit more potential. Its got a nice location (residential, commercial and industrial all together but seperate) and is located near Heathmont and Wantirna which are both much more expensive considering the...

In regard to the drug activity on Main St I believe that most of it is now gone. The police have and continue to patrol this area on a regular basis. The police station is located pretty close to Mian St too. The area just needs to get past its past repuattaion of drugs and bashings at the train...

I went through private sale. I did have to compete with a few other bids but the owner rejected all of our offers. I then made a higher offer after that and got it. I just feel Bayswater might be the next suburb to benefit from suburbs such as Wantirna and Heathmont being rather expensive...

After deciding between a cheap 3 bedroom house in Melton or a 2 bedroom unit in Bayswater for a bit more money I have just purchased in Bayswater. Its close to my parents house and the East will always be better than the West in Melbourne. The new freeway opening will be an interesting thing to...

Kristine thanks for your great reply. Just a few questions. Why do you think there will not be much capital growth? Wouldn't the new Ringwood - Frankston freeway boost the value of those suburbs late next year or has that impact already happened? The suburb is also near Heathmont and Wantirna...

What are people's opinions on Bayswater. It appears to have gone up a fair bit in the past year or so. It has all the infrastrature (train station, schools, shops etc) and could also go up further with the Frankston - Ringwood freeway. Im thinking of buying a property here (2 bedroom unit for...

Thanks Our Obsession for the information. It seems like a good place to invest in now while the prices are still very cheap. Probably just need to wait a couple of years for good growth though. Maybe with what I save I can buy a horse lol.

Yeah will probably buy a 3 bedroom in Melton for around $185,000. The area seems to be on the improve and in 5 years time when the infrastrature is complete could be a steal. When is the harness racing track going to open? Seems like a good area for young familys too as many young people...

So the general consesus on Melton is : That you are better to buy a house than a unit as they are similar in price. : An established house with more land is better than a new one on a 'smart block'. : Melton South is viewed as a higher risk area for investment than the other surrounding...

I believe most of the houses on Plilip St are now sold, but are still listed on Realestate.com.au. A Barry Plant agent told me that the houses were on the market with another agent for a long period of time but did not sell. However since Barry Blant took over they have sold fairly well. Quite...

I am thinking about 'investing' in Melton mainly due to its price. You can get a new house for under 200K. It would be my first property. Im also looking at Bayswater and Cranbourne as I currently live in melbourne's east. What are peoples opinions on what the new developments will have on...