Sorry I need to work on my sarcasm
$500k for sunshine west? You're joking right? What about Ardeer?
Yep in the General Residential Zone. Ardeer not far behind. I mainly look where I can build 3 on a block
Having said that, this is wrong. Ardeer is the last to catchup and not there yet but it will get there as soon as people know where it is lol.
How do I know this, I actually live in Ardeer and I'm currently selling my Townhouse I developed.
Something decent in Ardeer on 700sqm will set you back around $400k or just slightly more so it's still to catch up to Sunshine, Sunshine West, Sunshine North & Albion but it'll always be a little bit cheaper in my opinion even though the pocket I live in is brilliant and we love it here.
Not only 700sqm but for 3 dwellings it needs to be GRZ of which there isn't much in Ardeer. The new zoning only allows more than 2 dwellings in areas within walking distance of train stations and community centres
You're right i don't know the area as i stick to hobsons bay/ inner west. How do your figures stack up when doing a development based on that price?
Have a read of my posts. I don't recall mentioning I know the area. I just said I prefer laverton to your precious sunshine west. I then ask a few questions regarding sunshine which tells you I don't know the area and would like to know more.
I've always known the area to be a hole so never bothered investing there as i believe i can make a better return elsewhere.
My western suburb is better than your western suburb!
Have a look at Altona Meadows. Same postcode as Laverton but much, much nicer. We nearly bought in Alverton, albeit the nicest street and nice house.
Decided to go a better suburb and still very good location. Best choice we made.
Yeah, as an investmenmt it is ok. It has a chance to climb, but the suburb and most properties are just so poor.
As a PPOR, Altona Meadows definetley.
I agree Altona Meadows as PPOR. Laverton as investment/development potential. But who knows where Laverton will be in 5 years. Someone once told me to invest in sunshine (it was known as scumshine to most people back then) I was unable to see past that stigma. Big mistake I made.