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Apparently early 2013 so 2 yrs away.When is the Mount Martha bypass to be completed?
There is a lot on the market right now so a good time to pick up something, as long as the vendors' expectations are reasonable.
Hmmm..... might have to go to inspect this one then
http://www.realestate.com.au/property-house-vic-mount+eliza-107081564
The Y-man
Fifth, I haven't checked but I'd think that it has underperformed over the past decade. Historically, prices were all over the joint. This is largely due to business owners building insanely big mansions when the business cycle was good - and then having to sell in a recession. I would not have bought here as an investment during this time, preferring Frankston.
There is a lot on the market right now so a good time to pick up something, as long as the vendors' expectations are reasonable. I do think that CG will be good going forward, especially in the medium term. Peninsula Link will be good for the whole peninsula and I believe that retirees, when they do want to sell the inner city spread, still prefer not to be too far from family etc. The mornington peninsula fits the bill nicely. Good infrastructure, shopping, not too far from the CBD if you need to go there (i actually do quite often). As the whole peninsula will benefit I actually think Mt Eliza may potentially benefit more. It is known as the 'best' suburb along with Portsea, but is 50km closer to town. My pool guy tells me there are a lot of younger families moving here for the lifestyle and of course what their $ buys them compared to inner city. Also popular if one or more of them works from home. Everyone here hopes that Mt Eliza village doesn't really get any bigger. It's a great village atmosphere & everything else you need is 5 mins away in Frangers or 10 mins away in Mornington.
Best areas are right close to the beach or have a good sea view or in the Woodlands Estate just across Nepean Highway. There it is like being in the country; you will find large houses, usually with pools & maybe tennis courts, on 2/3 acre blocks. As it's under covenant & can't be developed the area is highly sought after.
Hmmm..... might have to go to inspect this one then
http://www.realestate.com.au/property-house-vic-mount+eliza-107081564
The Y-man
Yes Mt Eliza seems undervalued doesnt it. Friends of ours sold a small house in Highett and purchased 2/3 of an acre, pool and 5 br for 100k more!What do people think of Mt Eliza and the Peninsula? If I were to move so far from the city I don't think I'd mind going out that little bit further. It's a little more expensive but I think it has a much nicer atmosphere and you can find really big blocks and stunning views that you wouldn't get elsewhere.
Hmmm..... might have to go to inspect this one then
http://www.realestate.com.au/property-house-vic-mount+eliza-107081564
A lot of this going on. We moved to the area 8 years ago from the inner east. I still wort in the outer eastern suburbs and it takes me 35 mins on Eastlink.Yes Mt Eliza seems undervalued doesnt it. Friends of ours sold a small house in Highett and purchased 2/3 of an acre, pool and 5 br for 100k more!
If you work close by or from home this seems like a great place to live.
There is still a bogan/welfare element but there are also a lot of people who have moved here from inner Bayside suburbs because they want a nice lifestyle but don't necessarily want to pay crazy prices for a house/flat....
People who are willing to make the move and are willing to tolerate the bogan/welfare element are perhaps a bit more open minded than others (and less concerned about suburb stigma...)
As for flooding...I think you've seen the following suburbs affected by flooding in recent weeks: Camberwell and Elwood. Has it affected property prices there?
Melbourne Water actually just upgraded all the storm water drainage around this area (big drilling was happening at Monash Uni Peninsula Campus and new pipes were laid near Carrum/Seaford).
rental is also better in Seaford which surprised me and I havent figured out why yet.
Wow Fifth - nice smackdown
I think if you're interested in Seaford perhaps check it out when there's a Farmers Market on at the Village.
There's a few markers I look for in terms of suburb gentrification (only half joking and perhaps it's wishful thinking on my part):
Woodfired ****a joint - check
Farmer's Market - check
Triple R stickers on Subaru station wagons - check
Kite surfers on beach - check
Children's ballet lessons at the local surf club - check
Ditto yoga classes
Parents who care about the standard of the local schools - check
Take it easy
Oy vey!
You joined this forum solely to ramp your suburb so I'm not even going to bother addressing that woeful gentrification checklist (honestly, kite surfing and ballet lessons??).
If you believe Seaford is undervalued, I suggest you buy as many IPs as you can leverage.