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yeah.....i certainly wouldn't put all my eggs over there nor would i put my ppor there!
i reckon in the long long run it would be a great investment, say in 5-10 years time, I wouldn;t be surprised if the prices were the top of the west and getting close to the east.
I don't want to start a east vs west argument, but due to its proximity in even 20 years , i think we may look back and say, why didnt we buy!
just my 2c
Consolidation - probably the most overused word in the English language. Euphemism for 'this is a ***** asset let's GTFO'
The Town Centre is expected to fetch in excess of $200m.
I read an article stating the owners Walker Corporation were consolidating their Victorian property portfolio that is why it's on the market.
As for the turn over of businesses, the ones closing down are the type you would expect a high turnover on. So no big deal there.
Williams Landing was touted from the very beginning as an investors dream suburb, shopping precinct going up, train station planned and all that close to a freeway and guess what? BANG, huge price. I cannot believe some of the prices there at the moment.
I live around the area and have only recently moved to Melbourne but my impression of the town centre is that it is nice but it's stupid having something like that in Melbourne where it is windy/rainy basically 90% of the time. They should've constructed a proper covered shopping centre. As it stands now the weather can affect where people walk to and the distance from the shops. I mainly go to Woolies and would explore other stores but since they're in different buildings I don't even bother.
my 2c
Yep, looks like those looking at WL may have missed the boat. We bought our block about 18 months ago, 780sqm for $236k (resale, not from a release), now you are looking at $370k for blocks which are 130sqm smaller.
I would imagine prices will stabalise in WL, atleast until they start major works on the train station and town centre. Then I would not be supprised to see another boom.
Some data I have found regarding WL sales from over the last 3 releases.
14/08/2010
400 m2 $276000
448 m2 $289000
512 m2 $317000
629 m2 $357000
651 m2 $364000
06/11/2010
392 m2 $276000
448 m2 $296000
512 m2 $325000
545 m2 $332000
05/02/2011
392 m2 $285000
400 m2 $292000
448 m2 $305000
512 m2 $335000
WL is already over inflated. There wont be any significant capital gains in the foreseeable future as the developer has sucked it all our by upping the land prices so drastically. WL also has the stigma of it being 'on the wrong side' of the freeway.
Hi,
Some great news from my side... Negotiated price for property in tarneit to 335k from 350k... Threatened to walk out by getting decline letter frm d bank...
Forum members thanks a lot.. Not great comments any tarneit, made me think outside d box... Now I love my purchase n price.. Excited..
Regards
TV
WL is already over inflated. There wont be any significant capital gains in the foreseeable future as the developer has sucked it all our by upping the land prices so drastically.
WL also has the stigma of it being 'on the wrong side' of the freeway.
I agree, i ruled out WL estate straight away due to the high land prices and also it being next to Truganina / Tarneit.
i suppose when the train station , business district and the westfield are completed it might make sense but all this is going to take time, on the other hand there are properties of the same caliber and size next door in whyndham waters around $100k cheaper.