I would like to get some opinions on this if possible please-
I understand in around Feb 2014 the council will be rezoning land around
St albans/sunshine/Albion into three zones -
1 substantial change ( 4 level, or muti town house dev/
2 meduim change ( dual occ/ town houses ) and
3 small change ( same as current development standards)
all will require enough land for obvious reasons.
Based on this and current pricing I think there may be some opportunities to purchase large blocks ( 700-1000 sqm ) in the substantial change areas. I know Sunshine has started to take off based on recent prices so now looking at around ST Albans and Keilor Plains station. The past comments in this forum always mention the suburbs has a lot of crime etc but I have seen that come and go before in suburbs and I dont see it as an obstacle in the long term. More interested in other factors such as intrastructure ( train/hospital/bus etc ) which seems to have all boxes ticked. I remember the same things being said about Sunshine but it has not stopped it taking off. I regret not buying in Sunshine a few years ago - does anyone else share this view?
see below link for info on the proposed changes.
http://www.brimbank.vic.gov.au/COUN...l_Strategies/Home_and_Housed_Housing_Strategy
I understand in around Feb 2014 the council will be rezoning land around
St albans/sunshine/Albion into three zones -
1 substantial change ( 4 level, or muti town house dev/
2 meduim change ( dual occ/ town houses ) and
3 small change ( same as current development standards)
all will require enough land for obvious reasons.
Based on this and current pricing I think there may be some opportunities to purchase large blocks ( 700-1000 sqm ) in the substantial change areas. I know Sunshine has started to take off based on recent prices so now looking at around ST Albans and Keilor Plains station. The past comments in this forum always mention the suburbs has a lot of crime etc but I have seen that come and go before in suburbs and I dont see it as an obstacle in the long term. More interested in other factors such as intrastructure ( train/hospital/bus etc ) which seems to have all boxes ticked. I remember the same things being said about Sunshine but it has not stopped it taking off. I regret not buying in Sunshine a few years ago - does anyone else share this view?
see below link for info on the proposed changes.
http://www.brimbank.vic.gov.au/COUN...l_Strategies/Home_and_Housed_Housing_Strategy