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I think it will take a long time if ever for Melton to lose its Stigma. Suburbs with bad stigma usually recover due to some other factor and unless i am missing something, Melton just does not or will not have it.
So the question I ask, is what will diversify Melton? What will make it trendy or desirable in the near future? What will bring people to live there because at the moment people live there for 1 reason, affordability.
Hahahaha famous last words?
I know some of you really don't like comparing to Sydney but look at Campbelltown and Camden. What on earth drove those places into a comfortable middle-class status?
Affordability = Young families = clean living = clean houses and mown lawns = good neighbours = proactive demands to council = desirability.
Maybe just not this cycle
It has got to be Port Melbourne!
149sqm of prime real estate, 666500 in 2012, sold for a mere 30000 last weekend...
Lol
http://www.realestate.com.au/property-house-vic-port+melbourne-119353151
I've been hearing of more and more Sydney investors buying up in the Melton area in recent months. I wonder if this will turns things around for Melton? Prices are well below the highs of the peak in 2009 - 2010, yet the rest of Melbourne (inner-Melbourne especially) is at an all time high. Surely it's time for Melton to play some catch-up? Is Melton under-valued currently, or is it Melbourne that has over-shot? Thoughts?
Melton is probably over-valued
My mate lost his 2 front teeth in Melton!
My mate lost his 2 front teeth in Melton!
Meltons actually pretty nice, safe and quiet. It's Sunshine/Maidstone/Braybook you wouldn't catch me dead living in!
The Bricks and Mortar Show
I have an IP in Heidelberg Heights, so I follow the prices there fairly closely. Prices peaked around 2010 and then cooled off quite a lot. They seem to be back up to that level (just) but no signs of slowing this time round (yet).Just curious, has any suburb boomed, peaked then busted with the house price then staying lower than at its peak?