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Hi Surjav IMO If you look at growth in Sydney there are pockets that have not moved since 2003 peak. Yet Melb Metro has moved. Why? NSW Labour Gov is dragging sydney and nsw down. When this changes action will apply and things will move. Despite the gov Syd is stil the bus and...

I only rely on agent opinion given last week is $275k to $300k and recent sales. I hate Spruikers. Fox is right that Meidan Price is a waste so i ignore that. I could quote heaps of examples where it is worthless. Except in Meltong the bottom is the bottom and very high sales dont happen that...

I recommend Damian Parawa of Barry Plant REA. He is very good with personal service (no flunkies in between) and hard but fair on tenants which in Melton is what you want. As background, when he took over at BP a year or so back when I was about to leave but elsewhere was no...

I am looking at buying one bed in Sydney either before 30th June to get 50% stamp duty saving or off the plan for the new 100% stamp duty saving announced from 1st July. I think Sydney is undervalued at the moment and I have a land tax issue if I buy more in Vic. On this one I have used a...

Suraj So you bought for $200k 2 years ago. You are told it is now $250k by agent. So you made a gross per annum increase of 12% each year. I bought for $230k, agent just told me around $280 to $300k. That is alaos about 12% to 15% per annum. My rent has rised $40 a week, yours has rised $30...

It is only a good time to sell if: you need the cash you have better deal elsewhere that is so good will cover the selling and buying costs of the changeover you think a extradordinary event is about to hit Melton/the property that will massively devalue the area/the IP. Like it is full...

Aww, thankyou, such praise.:o Happy to answer but so I can be detailed may I ask you, when in 2008 did you buy and what size is your land in Central Melton. regards, Peter 14.7

New built?

There is CG just not great. I bought in middle 2007 for $230k for large three bed and $228k for 4 bed. At the time both rented for $240. Three years later the value are about $300k. Rents are both $280 but could be $300 in the open market. Previous PM let things stagnate. That is a CG...

Agree. To me Melton is long term, secure, set and forget. No great CG , just steady income investament. It downside is also its upside. Strong rental market due to lower social- economic base. In 20 years it should be the regional centre for the west of Melb. Stigma will be there for a...

I agree Melton is a car only world, sadly like must of regional Australia or even, the cities. I.E. :Live in Cronulla Sydney and work in Parramatta is a nightmare unless you drive. Shopping I find is pretty good. The new Shopping Centre is in. Bunnings is huge. Fast food well serviced. 20min...

Calling All Melton Investors ( and knockers) ! Many of you would know and have contributed to the excellent Melton thread below http://www.somersoft.com/forums/showthread.php?t=32619 It was closed due to sheer size (and some sniping) but can still be viewed and read at the above link...