Hi, I am interested to know the Melbourne investors' opinion on the areas in the Wyndham City Council, i.e. suburbs like Wyndham Vale, Truganina, Tarneit etc. Terry Ryder of the Hotspotting.com.au suggests this region as a major growth area. He is of the opinion that the population in this region is growing very fast and clubbed this with the amount of infrastructure and funding thrown in this region (including a Railway line), this area is set to become a good performer.
Thanks to the first home buyers grants and the similar incentives given by both the state and the federal governments in the last year, the prices of the real estate in this region has soared termendously. I remember about a year or 2 ago when I bought a property in Melton, I was thinking of buying one in Wyndham vale as well but it unfortunately I didn't buy anything in Wyndham.
Now after all this time, when I am looking again at this area, the prices have increased about 30% on the land being sold in this region.
Even though the long term demographic trends of this area appeals to me but I am a bit sceptic whether it is the right time to buy here or not, whether I have already missed the boat or shall I still jump in?
Furthermore, I wish to know about the rental prospects in this region, I had a look at the rental section on the RE website and there were plenty of adverts.
So, I seek guidance from the investors in this region to throw some light on the issues reaised above.
Please advise me if I should buy into this area which and Where is preffered place to buy,
- Which is the best choice- Wyndham Vale, Truganina or Tarneit ? ... or something else.
- Shall I buy in the brand new estates or the established housing (if any).
I will greatly appreciate your feedback on the issues raised above AS WELL AS anything else you feel relevant.
Thanks again.
Regards,
ANISAVVU
Thanks to the first home buyers grants and the similar incentives given by both the state and the federal governments in the last year, the prices of the real estate in this region has soared termendously. I remember about a year or 2 ago when I bought a property in Melton, I was thinking of buying one in Wyndham vale as well but it unfortunately I didn't buy anything in Wyndham.
Now after all this time, when I am looking again at this area, the prices have increased about 30% on the land being sold in this region.
Even though the long term demographic trends of this area appeals to me but I am a bit sceptic whether it is the right time to buy here or not, whether I have already missed the boat or shall I still jump in?
Furthermore, I wish to know about the rental prospects in this region, I had a look at the rental section on the RE website and there were plenty of adverts.
So, I seek guidance from the investors in this region to throw some light on the issues reaised above.
Please advise me if I should buy into this area which and Where is preffered place to buy,
- Which is the best choice- Wyndham Vale, Truganina or Tarneit ? ... or something else.
- Shall I buy in the brand new estates or the established housing (if any).
I will greatly appreciate your feedback on the issues raised above AS WELL AS anything else you feel relevant.
Thanks again.
Regards,
ANISAVVU