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  1. W

    FHB: Truganina, Tarneit, Altona Meadows, Point Cook

    You're probably right. But the problem with these large shopping centres is banks shy away from funding them - so it's hard to get finance. From the listing they seem to have a Woolworths - but are they on a free-rent deal for the next 5 years? At which they might relocate to another nearby...
  2. W

    FHB: Truganina, Tarneit, Altona Meadows, Point Cook

    I imagine it's partly because Ron Walker needs some cash to develop those ex-green wedges that he lobbied his Brumby Government buddies to re-zone.
  3. W

    FHB: Truganina, Tarneit, Altona Meadows, Point Cook

    Consolidation - probably the most overused word in the English language. Euphemism for 'this is a ***** asset let's GTFO'
  4. W

    FHB: Truganina, Tarneit, Altona Meadows, Point Cook

    Fine let's stay away from the east-west debate. All I'll say is at least Point Cook isn't surrounded by factories or refineries
  5. W

    FHB: Truganina, Tarneit, Altona Meadows, Point Cook

    yeah.....i certainly wouldn't put all my eggs over there nor would i put my ppor there!
  6. W

    FHB: Truganina, Tarneit, Altona Meadows, Point Cook

    lol nice one. given their rental is about 13m they prob want around $180m for it based on 7% cap rate. But given the tenants are dropping like flies that ain't gonna happen!
  7. W

    FHB: Truganina, Tarneit, Altona Meadows, Point Cook

    Must be all those factory workers losing their jobs and not spending money on eating out. This is bad news for Victoria.
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