Cascades on Clyde - Melbourne SE

[divine_afg]

Hi

As anyone bought Residential/Investment House/Land in Cascades on Clyde Melb Se.

Just after some feedback as I am looking to purchase land in the newly released stage 15.

Cheers
H

[KR1STO]

What sort of feedback are you looking for..?

[divine_afg]

Well nothing in particular, just get the ball rolling...

If you purchased the land/house here how long ago and percentage of increase in prices.

If someones been considering buying here what attracts them to the estate.

Actually one thing in particular would be historical land sales figures, I would really appreciate any info on this.

[Pinkbits]

I don't live in that particular estate but am only about 3km's away as the crow flies.
We built our house in 2001 and the value has more than doubled in that time, the same goes for our investment property in Cranbourne Nth. You are never going to lose in that respect. Prices may rise & fall over time, but that is how the market is. Land is also quickly snapped up soon after release due to a shortage at these estates.
Positives:
Close to
Cranbourne/Fountain Gate shopping centres.
Casey regional sporting complex, ten-pin bowling, indoor aquatic centre & gym, library.
Casey fields.
Good access to freeways/highways (Melb & Sth/East Gippsland).

Negatives:
Smaller house lots?
Lack of public transport from the estate?
Proximity to schools/etc? (i know schools in the area are "zoned")
Footpaths/Infrastructure?
Traffic congestion as the estate grows.

[divine_afg]

Thanks PinkBits.

Lack of Public Transport and Promixity to school is something to consider if decided not to build and sell the land. Its close to Casey Hospital though and like the idea of recycled water for garden and importantly wash the car.

I have reserved block of land to purchase have to make decision this weekend.
Its one of the biggest in the estate at just over 500sqrs. Its around the block from the lake stage 15.

I just haven't decided whether to build on it or keep then sell it back.
Might wait for everyone to build checkout the neighbourhood then decide.

Do you have any Idea or heard what the land was going for when first release in this estate. I been told 180k starting back in 07-08, the one i got my eye on asking $240k

Cheers
H

[Pinkbits]

I don't know what they are selling for in that particular estate, but looking in the local paper real estate lift out, that price is probably the average.

I'd hate to be trying to buy a house now, behind the 8 ball before you even start. Just goes to show the prices reflect land availability.

I built 9yrs ago, 710sqm block, 30sq house & garage under roofline with extras and came in under 200k.
To build the same house would easily cost 400k +

I'll see if i can remember to save some prices from the lift outs.