Steve, if I had some spare capital I would certainly be looking in your area but can't just yet. The new Gepps Cross Home Maker Centre will do wonders for this part of town. It's the biggest Home Maker Centre in Australia I think. They'll need people to work there will be strong rental demand in the area as you would well know.
Looks pretty massive when you drive past it! I was just expecting one or two buildings with a carpark in front.
They've also got one of the new super schools going in at Gepps Cross (behind the veledrome along Briens Rd) which I assume will have a decent appeal for young families.