3 years... nahh just 6 months ago the house I bought in 280k, now worth 350,000- 400,000 or more with a little reno compare to others' sell... easy in Altona Meadows and Laverton that are sandwiched between high growth areas Point Cook and Altona. Hey.. new train station already set, gonna have new parks, new plans from council... 5m to the beach and 15m to city through freeway. I just wish I could buy at least 1 more IP here but.. price change weekly sigh... Last words, my IP was leased just in 2 days!?!?
Prospects on the rise
By Nicole Precel
30th March 2010 11:06:02 AM
"IN 10 years time Hobsons Bay median house prices could hit the million-dollar mark.
Australian Property Monitors released price forecasts for the next three, five and 10 years of houses and units.
The forecasts show buying in Altona, Altona Meadows, Altona North or Williamstown could soon be unachievable.
In Altona, Altona North and Williamstown property price forecasts all exceeded a million dollars.
In the next 10 years, APM predicted Altona property prices would hit $1,415,237, Williamstown would jump to $1,901,250 and Altona North to $1,161,269."
Altona Meadows is expected to have a price jump to $801,607 in 10 years."