I recently bought at the Oracle Apartments as an investment property. I want to know what people’s prediction are about capital growth in the Belconne Town Centre itself, now they are doing extensive redevelopments, including making the waterfront area more trendy (with bars, cafes and that new Arts centre).
Belconnen to me has always been ‘daggy’ and so outdated… however the past 12 months i’ve noticed that there is a lot of activity being done to make it more appealing. And i noticed in last weeks paper that the Altitude apartments are selling for a complete bomb (a total rip-off in my opinion) which makes me think that they’re going to make further imrpovements to come (if the developers are building a very highly priced tall apartment building).
Do you think Belconnen Town Centre is a good investment location? Appreciate people’s objective thoughts.