Post to Facebook on 6/2/2017 at 6:58 PM
Commenting on “New youth detention centre for Victoria”
http://www.theage.com.au/victoria/new-youth-detention-centre-for-victoria-20170131-gu2jgu.html
Daniel Andrew's Labor government is going to build the youth prison in Werribee South, expected construction on the new centre will begin early next year and be completed by the end of 2020.
With just a stroke of a pen, your investment can go down the drain. Facility like this will without doubt devalue properties in the area and surrounding suburbs. However, how long will this "devaluation" last? Can you see an opportunity, or is it just a write-off?
Parkville is prime real estate, and yet the existing Youth Justice Centre has not really tarnished the property values. When the facility closes and moves to the new one, the value in surrounding area will sky rocket.
The question is, are you patient enough, or are you waiting for the newspapers or real estate agents to tell you it is the right time or wrong time to buy?
Commenting on “New youth detention centre for Victoria”
http://www.theage.com.au/victoria/new-youth-detention-centre-for-victoria-20170131-gu2jgu.html
With just a stroke of a pen, your investment can go down the drain. Facility like this will without doubt devalue properties in the area and surrounding suburbs. However, how long will this "devaluation" last? Can you see an opportunity, or is it just a write-off?
Parkville is prime real estate, and yet the existing Youth Justice Centre has not really tarnished the property values. When the facility closes and moves to the new one, the value in surrounding area will sky rocket.
The question is, are you patient enough, or are you waiting for the newspapers or real estate agents to tell you it is the right time or wrong time to buy?
