CorrineL

Hello CorrineL, when you compare Manor Lakes with the rest of Wyndham Vale, how do you rate it considering that it is classified as a separate suburb and it was not until last year. I was also wondering how is the rental demand in Manor Lakes - if you are aware.

Manor lakes is a more recent development compared to the rest of wyndham vale, therefore they are many benefits to buying/renting there, such as the new train station, newer shopping amenities, schools, childcares etc. There is a high rental demand in the area, i own an investment property there and i had no less than 50 people through the doors for the open for inspection with almost as many applications. The suburb name change was initiated and applied for by the residents of Manor Lakes. They wanted to give Manor lakes it own identity as the area was forecast for a lot of future growth and already has a large number of people who call it home.

Thanks CorrineL. Appreciate your honest comments. What would you say for a 315 sqm property 3BR house sale price would be in Manor Lakes about 15 mins walk to the train station. I have a reasonably OK offer there and would just like to know an indication of price with someone who actually lives in Manor Lakes. The land area size is little less than I would like it to be but since it is an investment property I'm considering it.

No problem, I would say in the ball park of $350k give or take $10-20k depending on the condition of the house, landscaping and position.

Let me just put it out there 5 Dawson Crescent - what do u say?

Hey CorrineL, we just bought land in lollipop hills, stage 137. We are planning to built by early next year. But I have my concerns about the growth (re sale value) , in next 2 to 3 years as compared to Tarneit. Do you believe Manor lakes will provide good returns in coming few years?

It seems to be a good asking price for the current market Abdul, are you currently residing in melbourne to go have a look? it's very close to the shops and looks like it is in good condition as well.

Krutik have you been to lollipop hill recently? it will be a very nice development when its finished, good design guidelines will ensure everyone in the suburb have decent homes. It's prices have already risen substantially since the first stages of land were released over the last few years. If the market keeps going the way it is i see no problems in captial growth over the next few years!1

Thanks Corrine. I am overseas at the moment but got a family member to check it out for me. There is another one 5 Gembrook St. Bigger land area..not sure which one to go for.

I am not aware of prices in tarniet as i haven't monitored the growth over the years so i cant comment on the comparison between the two. Sorry!

Bigger land always works in your favour in the long run, this one is very close to the lakes and the newer part of manor lakes, you wont have trouble rentjng either out

Awesome great thanks for all ur comments

Thanks CorrineL,

Are you aware about Manor Lakes school, is it any good ?

Hi Krutik, we have been house-hunting for the last 4 months, we just found one yesterday in Wyndhamvale, we were looking all over the Wyndham area and found house prices in Manor Lakes to be cheaper than Tarneit. Hope this helps a bit, Karina.

What about Jubilee development close by? Land sales for more than a year but not much building yet?

Hi CornieL, i am looking to invest in Savana in Wyndham , 336m2 land around @175K, please advise if you recommend. I dont live in melbourne and its purely for investment.Thanks

Jubilee is going to be worth investing in. Land did take a while to title as most new developments do, considering all the red tape by council. But it has commenced and people have moved in too.

Irfan anything in the newer wyndham vale estates you can expect to pay around the 150 to 190k mark for land that size. So 175k seems reasonable.

Hi Corrinel, is it good idea to invest in savana estate or manor lakes estate? Which one is better?

Hello Experts - Im planning to buy a house in Wyndham Wale. I need details on public transport for my kid who goes to Suzanne Cory School, Werribee.

Any suggestions please?
Thanks
Sukhi Singh

Hows Wyndham Vale property market now? Were considering our first property, need advise from you all experts. Thanks