I use Barry Plant for Mine. Damian is the PM and he is very good. Previously they were very poor but like all thing it is the person not the Company and whilst ever Damian is there I feel confident to recommend. I think we pay 5.5%.
Peter
Melton Vic.
- Thread starter WBG Redcliffe
- Start date
I use Barry Plant for Mine. Damian is the PM and he is very good. Previously they were very poor but like all thing it is the person not the Company and whilst ever Damian is there I feel confident to recommend. I think we pay 5.5%.
Peter
Yep...agreed mystery......frankly I was quite surprised to see very little under 200k....was expecting to see a lot for 190-200k....but looks like the days of the under 200k are going the way fo the Dodo!
I bought mine in Melton Sth for 155k in June 2007...now it looks like it is worth about 200k. No a bad profit in 2 years.....45K or 29% gain in value!
Wonder what the naysayers will say now!
I bought mine in Melton Sth for 155k in June 2007...now it looks like it is worth about 200k. No a bad profit in 2 years.....45K or 29% gain in value!
Wonder what the naysayers will say now!
not bad for a small town development... melton had a mentioned.
http://www.realestate.com.au/doc/Resources/News/vic-govt-four-developments.htm
http://www.realestate.com.au/doc/Resources/News/vic-govt-four-developments.htm
As some of you know I own a place in Melton South.
I have looked on realestate.com.au and have noted that very little is under 200K....even in South Melton.
I would be very appreciative if someone on the ground in Melton and surrounds can give me their view of how they think Melton and surrounds are going.
I bought mine in Melton South for 155K in 2007.....nice 3x1 brick veneer place within wlaking distance of the station.
I have looked on realestate.com.au and have noted that very little is under 200K....even in South Melton.
I would be very appreciative if someone on the ground in Melton and surrounds can give me their view of how they think Melton and surrounds are going.
I bought mine in Melton South for 155K in 2007.....nice 3x1 brick veneer place within wlaking distance of the station.
Note quite....I am getting $215 in rent.....willl go to $225pw in 70 days.
So return is only 7.6% odd after rent increase.....but rate is fixed at 6.95%...would have been positive if it was at current rates.
So return is only 7.6% odd after rent increase.....but rate is fixed at 6.95%...would have been positive if it was at current rates.
Hi all,
I live near taylors lakes, and I worked in watergardens for a while. A lot of people, a year ago atleast, used to come down to watergardens from Melton, which to them was like a highpoint or chadstone. Also, what happens when/if the develop the land between taylors lakes and melton?
I'm looking at frankston at the moment, because it has a beach, schools, uni's and I felit's an established place, where people will live most of their lives. I think the younger people would move out of melton, through the fustration of not being close to anything major, ie big malls, city, concerts, beaches, etc.
My opinion.
I live near taylors lakes, and I worked in watergardens for a while. A lot of people, a year ago atleast, used to come down to watergardens from Melton, which to them was like a highpoint or chadstone. Also, what happens when/if the develop the land between taylors lakes and melton?
I'm looking at frankston at the moment, because it has a beach, schools, uni's and I felit's an established place, where people will live most of their lives. I think the younger people would move out of melton, through the fustration of not being close to anything major, ie big malls, city, concerts, beaches, etc.
My opinion.
there's nothing like having a cuppa on a sunny winter saturday, enjoying the cool ocean breeze... enjoy that but at what price, as virgo mentioned.
some newspaper or news program mentioned, somewhere in queensland that a coastal area is banned from any construction due to erosion. if such a thing is happening, i suppose other coastal properties in other states may have the same exposure to erosion.
two cents
some newspaper or news program mentioned, somewhere in queensland that a coastal area is banned from any construction due to erosion. if such a thing is happening, i suppose other coastal properties in other states may have the same exposure to erosion.
two cents
nicee!
that sounds like a great return! I bought mine up in Kurunjang for 220k end of last year and getting a return of $260/pw...nice land and 4 bdrm brick house....
Good job there!
that sounds like a great return! I bought mine up in Kurunjang for 220k end of last year and getting a return of $260/pw...nice land and 4 bdrm brick house....
Good job there!
Hi Melton inestors,
How is market arround melton these days? I checked realestate.com.au there are no much properties under 200k. Looks like price is moing up isnot it? Whats your yiew? or comment ? appreciated. I bought one last year 200k rents now 230pw. 17 year old 3bdr. 5 min walk to High st.
How is market arround melton these days? I checked realestate.com.au there are no much properties under 200k. Looks like price is moing up isnot it? Whats your yiew? or comment ? appreciated. I bought one last year 200k rents now 230pw. 17 year old 3bdr. 5 min walk to High st.
when the government is handing out 26k for grants youd expect a price rise...
an extra 10-15k for a deposit, can have a big impact on new buyers borrowing capacity. combined with lower rates all makes sense for prices to rise as people put money together to buy into the market.
there is no doubting the lower end of market has performed well in the last 12 months.
If rates rise rapidly, it is most likley going to be these areas that will feel the pinch.
Melton I think its a great place to invest. Doing so myself.
an extra 10-15k for a deposit, can have a big impact on new buyers borrowing capacity. combined with lower rates all makes sense for prices to rise as people put money together to buy into the market.
there is no doubting the lower end of market has performed well in the last 12 months.
If rates rise rapidly, it is most likley going to be these areas that will feel the pinch.
Melton I think its a great place to invest. Doing so myself.
Melton south
What do you guys think of Melton South though? I have read that Melton is going to be the next boom area but I'm more inclined to invest near the train station, which is at Melton South.
Also, I'm thinking of buying a house on at least 600sqm which is capable of being subdivided later on. Then build another house on 300sqm and sell off one. This will cut the mortgage down by years I think. There don't seem to be many houses for sale which is around 300m to the train station though.
What do you guys think of Melton South though? I have read that Melton is going to be the next boom area but I'm more inclined to invest near the train station, which is at Melton South.
Also, I'm thinking of buying a house on at least 600sqm which is capable of being subdivided later on. Then build another house on 300sqm and sell off one. This will cut the mortgage down by years I think. There don't seem to be many houses for sale which is around 300m to the train station though.
Melton South is the older, higher density and least attractive part to Melton. It is lower socio-economic area and purportively higher crime, personal safety, poorer tenants. Lower rent.
Proximately to the station does not matter IMO because everyone in Melton has a car and if you lived next to Station then you would need a car to go shopping 5km away.
However, as in any area, a bargain is a bargain so the above is guide anyhow but I dont think it is like buying in say Redfern hoping it will come good into a Surry Hills.
FYI Peter
Proximately to the station does not matter IMO because everyone in Melton has a car and if you lived next to Station then you would need a car to go shopping 5km away.
However, as in any area, a bargain is a bargain so the above is guide anyhow but I dont think it is like buying in say Redfern hoping it will come good into a Surry Hills.
FYI Peter
peter, when you say melton south, do you include brookfield? there seems to be plenty of development happening in the brookfield area. do you group brookfield with melton south?
i did some research on the new surburbs like arnolds creek, distance to the town center on High St and train station is a bit further than melton south or brookfield).
thanks in advance.
i did some research on the new surburbs like arnolds creek, distance to the town center on High St and train station is a bit further than melton south or brookfield).
thanks in advance.
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