I have seen lots of media articles over the last several days concerning the 'East Werribee' development. Does this expansion (7,000 approx) of dwellings effect surrounding suburbs house/unit prices positively or negatively?
just think of the added traffic around werribee and hoppers crossing. It’s chaotic now, imagine once it’s developed.
I agree with Joe, however the same is true on all of Melbourne's arterials. The concern in the Werribee and Wyndham areas from an investing perspective is the high vacancy rate. Capital growth or otherwise, if you cannot afford to hang onto a property due to a long vacancy, then you cannot hold it long enough to see if capital growth will occur anyway. You need that rental demand. It's critical.
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone MeVIC Buyers' Agents for investors, home buyers & SMSFs.
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