Dear all,
I have been eyeing for Tarneit area for awhile.
I am currently looking at asset1 land on Tarneit Reserve.
From my personal point of view (not a recmmendation), I am pretty upbeat about this area, here are the pros (+) n cons (-) :
+ Infrastructure development happenings around that area (schools, houses ,child cares ,etc)
+ The proximity to the coastal area even though it is not a beach
+ The trend movement from of VIC-ans to the West as the price on the East is getting more expensive
+ Proximity to the CBD area, 25 km, which only took around 30 minutes to it.
- Landscape is not the best, as it is dry and not in the rainbelt areas
- Rental yield around 4.5% is just okay, not really sure about the rental demand.
- Negative comments about the Capital Growth in this forum even though from historical median ,there is a growth of 12 % from 07-08 from homepriceguide
I would kindly appreciate any response regarding the area of Tarneit as I am really really looking to buy into this area.
Thank you in advance !!
I have been eyeing for Tarneit area for awhile.
I am currently looking at asset1 land on Tarneit Reserve.
From my personal point of view (not a recmmendation), I am pretty upbeat about this area, here are the pros (+) n cons (-) :
+ Infrastructure development happenings around that area (schools, houses ,child cares ,etc)
+ The proximity to the coastal area even though it is not a beach
+ The trend movement from of VIC-ans to the West as the price on the East is getting more expensive
+ Proximity to the CBD area, 25 km, which only took around 30 minutes to it.
- Landscape is not the best, as it is dry and not in the rainbelt areas
- Rental yield around 4.5% is just okay, not really sure about the rental demand.
- Negative comments about the Capital Growth in this forum even though from historical median ,there is a growth of 12 % from 07-08 from homepriceguide
I would kindly appreciate any response regarding the area of Tarneit as I am really really looking to buy into this area.
Thank you in advance !!