it's pretty ghetto. Agree that the mass estates have some advantaged but very little growth / equity as properties are in competition with the next newest model a stones throw away and there is no shortage of them on offer. I'd rather purchase something a little smaller or rundown in the North or ideally East/ South East as they're sort of a sure bet. The west is just socioeconomically below the North, East & South.
A lot has changed over the last 3 years. Similar to how the neighbouring Williams Landing/Altona/Altona North transformed over the last few years.
Driving through the suburb now, there's so much development going on. Roads are expanding, new shopping centre coming up (Corner of Woords Rd/Doherty Rd). Train station on the cards.
This is probably the only place left (within 25km ring from the CBD) where you can still buy/build a 4bed home under $600k. Just barely now though.
Just going by how new suburbs TWICE that distance from the city exploded in value (e.g. Clyde area) in recent past - I think this is a good area to invest in now and expect capital growth in. Rental market may be tricky because of the high suppy of new homes being built. Ideal for PPR.
I will be constructing in Truganina soon, did my research pretty thorough.
1. I work in city, if I had my property in Southeastern suburb, which is far from Clyde north/ Pakehanam etc., Cannot pick my kids on time, need to pay lot for day care center as commute is more than 100 mins. Also cannot be productive in office.
2. New Train station coming up. Source: PTV (no BS) and VPA (https://vpa.vic.gov.au/project/truganina/)
3. 2 new towncenter, 2schools coming up.
4. Western tunnel project is going to ease conjestion. (https://www.transurban.com/our-operations/our-projects/west-gate-tunnel)
I guess I got my facts right to say it is going to be a pretty good investement property in future as well a potential residential one as well.
depends on how you define Bad, is it relative to Yarraville and Hawthorn then probably. If you compare it to any other suburb that is 20km out of Melbourne and sells under $600k median then you are way off. Where in Melbourne do you get $600k house, newly built for less than 20km away? 1000's of jobs nearby, Palmers & Leakes road duplicating to 4 lanes, you can be at the Avalon & Melbourne airport in less than 30min. new schools opening every year along with Westbourne Grammar in close vicinity. Numerous parks, kinder, childcare and medical center's at almost every major intersection. The only other place that can offer you similar options for the same median house price are Pakenham, Cranbourne, Clyde..but you gotta be 50km out of Melbourne and ages away from any airport.
There are a lot of suburbs areas popping up so to speakTruganina, Williams landing etc.
These are condensed areas of off the plan residences.
Most often these areas will be bought by first homebuyers and investors, this can creates a high density rental area.
Infrastructure is slowly coming to most of these areas with expectations of the tunnel making commute times quicker.
Barlow McEwen tribe Real Estate Newport
Traffic is terrible if you have to travel out of the suburb to work (towards the city), can take upwards of 30 minutes just to get out of Hoppers Crossing.
its terrible i got bashed 5 times walking my dog walking at night withing two months
Living in Truganina/Tarneit/Hoppers Crossing, that area is fine. It is getting a little crowded for its own good, but there are plenty of shops to get what you need..
Getting out during Peak hour and coming home is a bit of a pain. The public transport is good/ok depending on where you actually build.
I lived in the werribee/hoppers crossing/tarneit area for 8 years and it was fine. It was a good place to live.
It is good future investement or living place
Dude any outer suburban purpose built estates are bad investments...
Truganina is on the fast track to be the next ghetto in Victoria...
You need to be walking distance to a metropolitan train station or don't buy... do not be seduced by a new house in a flat lifeless paddock like the rest of the peanuts that live out there...