MEadow Heights
- Thread starter rodimus
- Start date
Not a bad suburb between Roxburgh Park and Broadmeadws. Has improved a lot. Has few good things going for it.
- Newly built train station with carpark for 400 vehicles.
- primary school that is being redeveloped
- It's only 19km from CBD
- Quite good size blocks of land on average 600m2. I have seen few subdivisions in my street.
If you bought in 2008, you would have had a nice gain.
- Newly built train station with carpark for 400 vehicles.
- primary school that is being redeveloped
- It's only 19km from CBD
- Quite good size blocks of land on average 600m2. I have seen few subdivisions in my street.
If you bought in 2008, you would have had a nice gain.
Funny you say that. I bought two units on the one block of land there in Nov 2007 and have had good growth and good rental increase.
I picked them up for $183500 each. They are free standing units on seperate titles and I also own the block of land.
They were renting for $170 pw and $180 pw when I first got them.
I just had bank valuation at $250000 each. They would sell for more as this valuation was for cash out.
I am getting $250 per week and $260 per week rental income now with fantastic tenants that always pay on time. All I have done to these units is put reverse cycle air cons in loung rooms.
My property manager is the best PM I have by miles and they only charge 5% + GST.
These have to be my best performing properties I own. They were positive geared at 95% LVR on purchase price.
Stats in the back of API magazine show they have had median growth of 13.3% for units and 16% for houses over the last 12 months.
As my post said, much better places for growth up north - especially over the long haul. Broady and Glenroy have outperformed. But a gain is a gain, so well done!
investment wise now i dont think it is the best.
Its 'rough ' area with not much going for it.
Its 'rough ' area with not much going for it.
