west water property
- Thread starter fredo
- Start date
Fredo
As a local in that area, I understood that all the Lacey St properties have been sold.
Westwater build all over Melbourne. Their website gives a lot of information. Some of their developments around Ascot Vale (?) have now been completed for some years so the quality should be relatively easy to check.
Cheers
Kristine
As a local in that area, I understood that all the Lacey St properties have been sold.
Westwater build all over Melbourne. Their website gives a lot of information. Some of their developments around Ascot Vale (?) have now been completed for some years so the quality should be relatively easy to check.
Cheers
Kristine
They are now selling for a massive complex to be built at 107 Neerim Rd Glenhuntly (dropped in on the weekend - they have free help-yourself chocolates!).
I regard the location as good to excellent. There is also a large newly-completed apartment development across the road that (in my view) has better street appeal. Vacancy would be a great risk due to the scale of the development, and you'd be exposed to the oveseas student market.
Their glossy brochure included some assertions about property investment that I didn't agree with (eg buy 3 apartments and you'll be set for life with capital growth and $100k pa retirement income), so it looks like just another off-the-plan.
Peter
I regard the location as good to excellent. There is also a large newly-completed apartment development across the road that (in my view) has better street appeal. Vacancy would be a great risk due to the scale of the development, and you'd be exposed to the oveseas student market.
Their glossy brochure included some assertions about property investment that I didn't agree with (eg buy 3 apartments and you'll be set for life with capital growth and $100k pa retirement income), so it looks like just another off-the-plan.
Peter
