Forums / Property Investing / General Property / Wallan, Victoria, 3756

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  • Profile photo of JD86JD86
    Member
    @jd86
    Join Date: 2009
    Post Count: 52

    Hi guys

    whats everyones thoughts on this regional town, north of melbourne?

    I am building a house there to reside in (taking advantage of FHOG), would like to know peoples thoughts on its capital growth potential and general views from investors, as further down the track it will become an IP

    thanks

    Profile photo of JD86JD86
    Member
    @jd86
    Join Date: 2009
    Post Count: 52

    anyone have any opinions on Wallan?

    Profile photo of manicmanic
    Member
    @manic
    Join Date: 2010
    Post Count: 10

    Josh,

    Initial thoughts are that it is quite far out and capital growth wont be as good on that basis. I am not familiar with the suburb but are there any major improvements on the plans eg. transport, factories (employment), other? These factors would drive growth. It may be a while until the Craigeburn line gets extending that far.

    You also have to look at the demographic that would rent out there, presumably not people that would commute to Melbourne to work so maybe retirees or locals that work around there?

    Hope this helps.

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