Mooroolbark, VIC

[mykie]

Hi everyone,

I have been looking into suburbs in the East of Melbourne for some time now and I continuously find the Mooroolbark is an up and coming suburb to look out for with anticipated capital growth as a result of the east link and proximity to Eastland and local train stations and shops. Given Ringwood is now out of my price range, I am looking for the closest adjoining suburbs that I can afford to develop on and I think Mooroolbark maybe the answer?

Has anyone else looked into this area and its potential?

Mykie

 

[keneth]

i reckon you are not alone...

some big blocks of land out there too.

subdivision potential aswell.

only downside might be rental yields are a touch low, as prices have risen fast in this area already over last 5 years.

 

[mykie]

Sub-division potential is very good out there, The Yarra Shire council is pretty open to sub-divisions also with a heavy amount of developments taking place there.

I have been monitoring the area for a while and I purchased the RP data report for it which only indicates good potential

 

[gronk007]

Have you included Croydon in your search as well?

What kind of price range do you have if you don't mind me asking?

I/we were lucky to get into Ringwood/Heathmont when we did (Property 1 purchased 2006, Property 2 purchased June 2010), otherwise we would be looking Croydon, Mooroolbark, Wantirna lost us a while back...

If you like sub-dividing then go for it! Bricks and mortar is more my thing, instead of sub-dividing..but lots of land out that way.

 

[Rodney]

its a long way from the city and maybe increase as much as areas such as Blackburn etc

 

[G_Man]

its a long way from the city and maybe increase as much as areas such as Blackburn etc

Rodney, can you explain what you mean by this?
First you say "it's a long way from the city" - bad thing
then "maybe increase as much as blackburn" - good thing

Not sure what you meant...