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  • Profile photo of mrpropertymrproperty
    Member
    @mrproperty
    Join Date: 2005
    Post Count: 49

    Hi everyone ,

    I just read an article in todays paper predicting high growth in Mickleham over the next 10 years ,
    does anyone have any opinions on this , pros and cons ?

    Profile photo of Michael 888Michael 888
    Participant
    @michael-888
    Join Date: 2005
    Post Count: 260

    I saw that also…..forecasting 5 Mill median by 2020.

    I can only presume that they are including multi-acre properties that may be upzoned and carved up into smalller lots for new house and land in the next 5-10 years.

    They wouldn't be envisaging such a median price for your standard 3 BR brick veneer on a quarter of an acre or even less. Mickelham is still reasonably located to the amenity of Melbourne and surrounding nearby infrastructure is good.

    Maybe a land bank opportunity there.

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