RB00

I am a real estate agent that has been working in Northern Melbourne for the last 15 years. I have been attracted to Medbury Avenue as this street is unique in that it is part of both the upcoming Watsonia/Greensborough suburbs. It is centrally located in the area close to shops, schools and transportation. Additionally this street is quite with minimal traffic, leafy and has generous block with well built houses. I decided to write this piece as I had a surprising number of requests from clients to be informed when properties became available in this street. I have seen the area develop and property prices increase and I think that the properties in the area are currently massively undervalued. Due to upcoming developments and existing infrastructure this area will dramatically increase in value in the near future and will continue to do so in the long term. The Watsonia/Greensborough area is the heart of the belt predicted to boom. The Greensborough main street is being developed with a 350 million dollar plus development turning the area into a cosmopolitan pedestrian walkway/mall to what has been compared to a mix between Federation Square and the Bourke Street Mall. Building is fully approved and costed and commences in September 2009. The Victorian Government has vowed to build the Northern Link Road which will start at Yallambie Road and link to Bullen Road/Eastern Freeway. The Brumby Government say this will be a fully government funded project and will have no tolls. The existing infrastructure in the area is well established, particularly around this address. Greensborough Secondary College is a block away and Watsonia Heights Primary School is three blocks away. The Diamond Valley Shops are a great set of local shops with a large supermarket, pharmacy, bakery and milk bar just at the end of Medbury Avenue and Greensborough Plaza is a 10-15 walk. The Watsonia train station is short stroll and services to the city take approximately half an hour. For investors and owner occupiers this address is certain to increase in capital value dramatically in the few years and steadily increase after that.

I am a real estate agent that has been working in Northern Melbourne for the last 15 years. I have been attracted to Medbury Avenue as this street is unique in that it is part of both the upcoming Watsonia/Greensborough suburbs. It is centrally located in the area close to shops, schools and transportation. Additionally this street is quite with minimal traffic, leafy and has generous block with well built houses. I decided to write this piece as I had a surprising number of requests from clients to be informed when properties became available in this street. I have seen the area develop and property prices increase and I think that the properties in the area are currently massively undervalued. Due to upcoming developments and existing infrastructure this area will dramatically increase in value in the near future and will continue to do so in the long term. The Watsonia/Greensborough area is the heart of the belt predicted to boom. The Greensborough main street is being developed with a 350 million dollar plus development turning the area into a cosmopolitan pedestrian walkway/mall to what has been compared to a mix between Federation Square and the Bourke Street Mall. Building is fully approved and costed and commences in September 2009. The Victorian Government has vowed to build the Northern Link Road which will start at Yallambie Road and link to Bullen Road/Eastern Freeway. The Brumby Government say this will be a fully government funded project and will have no tolls. The existing infrastructure in the area is well established, particularly around this address. Greensborough Secondary College is a block away and Watsonia Heights Primary School is three blocks away. The Diamond Valley Shops are a great set of local shops with a large supermarket, pharmacy, bakery and milk bar just at the end of Medbury Avenue and Greensborough Plaza is a 10-15 walk. The Watsonia train station is short stroll and services to the city take approximately half an hour. For investors and owner occupiers this address is certain to increase in capital value dramatically in the few years and steadily increase after that.