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LOL I pay cash!. Knowing what gets grown in Melton no wonder he had the folding stuff! FYI My neighbour died and left his aged wife 8 adjoining blocks with two houses in the centre of our town. Each block worth at least $300k excluding the houses so land value alone is $2.4M, but...

Cost of doing business. I would be nervous if Council didn't rezone it. No residential zone = no $$$. Hence my reference was always GROSS profit. Costs will be add up: fauna survey, contamination survey, indigenous heritage, drainage contributions, open spaces, roads, tree removal, or...

On the basis of being rezoned and excluding fees, gross profit is 100 acre yield two blocks per acre after road and parks so 200 blocks @ $100k gross return $20M. Not bad investment. Peter

IMO Melton should have growth in 2014. Cheapest Off the PLan 4 bed is $310k and often more like $325k. They use to be $200 's. Supply is the issue but it has dropped 50% according to my agent both rental and sale. Sadly, the RUDD led FHO Boom pumped massive numbers of houses into here...

Interesting approval re the DA. 900 m2 is rare in Melton. Well done, Peter

We use Damian at Barry Plant Melton. Excellent but ask for Damian only not the underlings. No charges, electronic statements, paid fortnightly. Peter

Good price. Land size? Ducted AC? Peter

? 4x 2 is that 4 bed x 2 bathroom. Peter

Hey All I revalued mine via CBA with desktop valuations. That is, they didn't even visit. BUT.....that was 1.5 years ago in early 2011 and prices have not be happy in Melton at the moment. Suggest get the bank to revue and see what you have. We got $300k value each on two x 4 bed with 2...

Agree. Oversupply, I think Melton is a victim of it own success or hype. In time yes, but there are better. Peter

Not good at all. Mowbray is the college in the article and at lot of kids here in the Macedon Ragnes go to it as secondary schooling is in short supply and the public school at Kyneton has a bad reputation. Probably will come back because let face it, what else can you do with school...

Hi All I have posted many times on Melton but in an old thread. FYI We have two investments there. Bought 2007 for $230k worth $300k at top but now more like $280k. Sames for rents, went form $230 a week to $285 and no around $270ish. Melton has suffered from being over loved by...