Can't even pronounce it properly, but guys and gals, whats the catch? I see this area (and pretty much all of NE Melb) with big parcels of land. Whats the catch or things I should look out for with Montmorency?
We ditched our plans for Clayton/Chadstone/Wheelers Hill/Forest Hill at various stages for the past 9-12 months, the numbers just didn't jusitify/seem right. Just as a comparison, we went to a few Chadstone auctions - blocks averaged 600m2 or a shade below that that went for mid 700s, Clayton with all similar amenities considered with the Chadstone ones went for high 600s to low 700s.
Montmorency seems attractive now in comparison whilst doing some due diligence, seems more bang for buck/better value type purchase. Bigger blocks, same distance to CBD as Clayton, has decent public schools, price similar/bit cheaper than Clayton, but whats the catch?
Thanks.
We ditched our plans for Clayton/Chadstone/Wheelers Hill/Forest Hill at various stages for the past 9-12 months, the numbers just didn't jusitify/seem right. Just as a comparison, we went to a few Chadstone auctions - blocks averaged 600m2 or a shade below that that went for mid 700s, Clayton with all similar amenities considered with the Chadstone ones went for high 600s to low 700s.
Montmorency seems attractive now in comparison whilst doing some due diligence, seems more bang for buck/better value type purchase. Bigger blocks, same distance to CBD as Clayton, has decent public schools, price similar/bit cheaper than Clayton, but whats the catch?
Thanks.