Three ex-industrial cities where the prices of the properties are about to increase, but it will be better to be VERY fast

Three former industrial cities are emerging as potential gold mines for real estate investors and the first homebuyers alike. The graph shows the prices of the properties in Lalor, Victoria

Three former industrial cities are emerging as potential gold mines for real estate investors and the first homebuyers alike.

The population growth in Thomastown, Campbellfield and Lalor, all in north Melbourne, is expected to rise by 71 percent by 2041, and so will property prices.

"Everyone worked at Goodyear in Thomastown in the early 1990s. When it closed [in 2002], we thought the sky would fall, "Anthony D & # 39; Ambros of Stockdale & Leggo told Domain.

Instead, the old factory town is in the midst of an incredible resurgence and is destined to be one of the three most important hot spots in Melbourne.

Three former industrial cities are emerging as potential gold mines for real estate investors and the first homebuyers alike. The graph shows the prices of the properties in Lalor, Victoria

Three former industrial cities are emerging as potential gold mines for real estate investors and the first homebuyers alike. The graph shows the prices of the properties in Lalor, Victoria

The population growth in Thomastown, Campbellfield and Lalor, all in north Melbourne, is expected to rise by 71 percent by 2041, and so will property prices. The chart shows the prices of the apartment in Cambellfield, Victoria

The population growth in Thomastown, Campbellfield and Lalor, all in north Melbourne, is expected to rise by 71 percent by 2041, and so will property prices. The chart shows the prices of the apartment in Cambellfield, Victoria

The population growth in Thomastown, Campbellfield and Lalor, all in north Melbourne, is expected to rise by 71 percent by 2041, and so will property prices. The chart shows the prices of the apartment in Cambellfield, Victoria

The median sale price of homes in Thomastown in 2017 was $ 660,000, an increase of 76 percent compared to the previous five years.

The median sale price of homes in Thomastown in 2017 was $ 660,000, an increase of 76 percent compared to the previous five years.

The median sale price of homes in Thomastown in 2017 was $ 660,000, an increase of 76 percent compared to the previous five years.

Three former industrial cities are emerging as potential gold mines for real estate investors and the first homebuyers alike, says Anthony D & # 39; Ambros of Stockdale & Leggo (center)

Three former industrial cities are emerging as potential gold mines for real estate investors and the first homebuyers alike, says Anthony D & # 39; Ambros of Stockdale & Leggo (center)

Three former industrial cities are emerging as potential gold mines for real estate investors and the first homebuyers alike, says Anthony D & # 39; Ambros of Stockdale & Leggo (center)

"As Melbourne expands, Thomastown seems to become more central," D & # 39; Ambros said, adding that what today's farmland will explode next year with new land sales launches.

The median sale price of homes in Thomastown in 2017 was $ 660,000, an increase of 76 percent over the previous five years.

If that trend continues as expected, some Thomastown properties will break the million dollar barrier in a few years.

A three bedroom house in the heart of the suburb, on a large block north near the local stores, is currently on the market for between $ 480,000 and $ 520,000.

Campbellfield (pictured) has been called the "forgotten" city north of Melbourne, but it is another "growth area" of the city.

Campbellfield (pictured) has been called the "forgotten" city north of Melbourne, but it is another "growth area" of the city.

Campbellfield (pictured) has been called the "forgotten" city north of Melbourne, but it is another "growth area" of the city.

This Thomastown is currently in the market for between $ 480,000 and $ 520,000

This Thomastown is currently in the market for between $ 480,000 and $ 520,000

This Thomastown is currently in the market for between $ 480,000 and $ 520,000

If current trends continue, the Thomastown property will be worth close to $ 1 million in just a few years

If current trends continue, the Thomastown property will be worth close to $ 1 million in just a few years

If current trends continue, the Thomastown property will be worth close to $ 1 million in just a few years

In neighboring Lalor, increasingly popular among young families, the average price of housing in 2017 was $ 653,500, an 86 percent jump from five years ago.

A four-room house in Lalor, currently on the market for $ 699,000, will be worth nearly twice as much as in 2022 if the trend continues.

While Campbellfield has been dubbed the "forgotten" city north of Melbourne, it is another "growth area" of the city.

There, the average price has increased from around $ 330,000 in 2012 to more than $ 550,000 in 2017.

This four-bedroom house in Lalor, currently on the market for $ 699,000, will be worth almost double that in 2022 according to current trends

This four-bedroom house in Lalor, currently on the market for $ 699,000, will be worth almost double that in 2022 according to current trends

This four-bedroom house in Lalor, currently on the market for $ 699,000, will be worth almost double that in 2022 according to current trends

A five-bedroom house in Campbellfield is currently on the market for $ 680,000, while a 190m² lot of vacant land can be purchased for less than $ 300,000.

& # 39; Have real estate changed in the last 28 years of work in this area? Absolutely, "said D & # 39; Ambros, noting the rapid growth of neighboring suburbs.

Craigieburn was a peripheral city, Roxburgh Park did not exist and Mickleham Road north of Craigieburn was paddocks. Now it is a solid northern suburb, with rapid growth. We can not keep up with the demand & # 39;

This five bedroom house in Campbellfield is currently on the market for $ 680,000

This five bedroom house in Campbellfield is currently on the market for $ 680,000

This five bedroom house in Campbellfield is currently on the market for $ 680,000

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