Is Altona Meadows will be developing in the future? Like Yarraville or Altona North

The major development appears to be opposite the shopping center. Future developers are likely to build units/townhouses closer to Laverton train station.

This is a great question and something that I've thought about. From a fundamental perspective, I really like Altona Meadows. Depending on that part you live in, it's a 10 minute walk from Laverton station which gets you into Southern Cross in 24 minutes express. It's very easy access to the freeway, it has shopping nearby, medical facilities, sporting facilities etc and a good library. Some of these fundamentals not even Yarraville and Altona North can compare to. However when I visit Altona Meadows, some streets are hit and miss - one houseproud house next to a dump that hasn't been looked after in 10 years with a derelict car. I'm not quite sure why it hasn't taken off when the fundamentals line up.

I think in another generation the gentrification will begin. The poorer people move out to a 'new house' in the next estate or Melton as the price of their land becomes more and more valuable.

Just my thoughts. I'm considering investing in Altona Meadows with the right location near amenties.

Yes, as prices go higher in those area, so will this suburb.