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Hi guys,
im new to this forum, very good source of information
id like to know what you as property investors think of Wallan in victoria
any feedback welcome
thanks in advance
Josh
well, im currently building my PPOR in Wallan, I couldnt afford to go to craigieburn or doreen.
so it will be my PPOR for a couple iof years, but then plan to buy elsewhere and use this as an IP so just want peoples thoughts
thanks for your comments Gerkin
As an Investment or PPOR.
Investment wise i would say its not that great. Its classed as regional and can you actually see Melbourne extending out there?
Also due to prices its cheaper to buy than rent, also renters typically want to be close to the city therefore tehy will pay that 20-50 per week more to live say in cragieburn than use that money on Petrol
For say 30K more you could get into Doreen in a new home. Which is what im doing at the moment.
PPOR, yes its fine i think, area is good but cold in winter. As long as you have a job close by its okay
thanks guys, any more comments?
yes Hidden Valley is in Wallan, off the northern highway on pretty sally, there is also a new estate going up opposite hidden valley at the moment, not quite as luxurious though
i catch the train to work and it is a 40 min train ride to city, which is actually quicker than from craigieburn because wallan train is express, stops at a couple of stations
because craigieburn is getting bigger, wouldnt that make wallan get bigger too? ok maybe craigieburn would be better for IP, but still good for wallan?
also, alot of new estates going up in surrounding places such as beveridge, kilmore etc.
plus rent in the area is around $300 - $350 per week, in which case when i decide to rent my place out, it will be positively geared
wallan also has new take away restaurants such as 2 mcdonalds, 3 kfc's, subway etc. wouldnt this mean the place is on the up? a couple of those are on the hume, out of the heart of town
i am new to this and brought in wallan as a PPOR, as it was all i could afford and wanted to get into the market, so feel free to tell me i am totally wrong as DeeHwa did
thanks to everyone who has commented
oh ok
do you know what builder and where abouts in wallan?