I would buy in Wallan if it was positively geared. Wallan has a lot going for it. Its close to Kilmore and has some of Victoria's best schools, Assumption College and Kilmore International.
Most people get their property knowledge from a textbook. Often they do not think for themselves so they repeat what everyone else is saying.
The truth is that people work everywhere. Employment opportunities exist all around Melbourne. Its true living in Wallan makes no sense if you work in Frankston. However if you have a good job in Craigieburn or Beveridge then Wallan is great. Its clean, cheap and the people are simple and great. You can always find parking, there are no traffic jams and people smile at you when you pass them in the streets.
I have observed what has happened in "gentrified suburbs" such as Moonee Ponds and Ascot Vale. People are looking stressed and haggard. Yes they dress better because they feel they have to to keep up with their neighbours but it has become more of a rat race and less friendly and relaxed as compared to outer suburbs.
My point is that there is no right or wrong place to live. Property is always going to go up in value, god is not making any more land.
Most people get their property knowledge from a textbook. Often they do not think for themselves so they repeat what everyone else is saying.
The truth is that people work everywhere. Employment opportunities exist all around Melbourne. Its true living in Wallan makes no sense if you work in Frankston. However if you have a good job in Craigieburn or Beveridge then Wallan is great. Its clean, cheap and the people are simple and great. You can always find parking, there are no traffic jams and people smile at you when you pass them in the streets.
I have observed what has happened in "gentrified suburbs" such as Moonee Ponds and Ascot Vale. People are looking stressed and haggard. Yes they dress better because they feel they have to to keep up with their neighbours but it has become more of a rat race and less friendly and relaxed as compared to outer suburbs.
My point is that there is no right or wrong place to live. Property is always going to go up in value, god is not making any more land.