The good thing about Officer as a suburb now is for the potential investor and owner occupied is it's ranked no.2 and no.3 for best annual growth in Victoria in regards to 3 and 4 bedders according to realestate.com.au . If you go to realestate.com.au and click on invest then scroll down and click on Victoria you'll notice the top 10 rankings for the various suburbs there. I reckon as a minimum just to have the postcode is a plus. If the budget allows you then pick the best estate in Officer for price growth but either way anybody with the Officer postcode are winners. In my opinion for people who were on a tight budget and eventually picked Officer over the Pakenham postcode they will definitely see the gap widen as far as the median price goes for 3 and 4 bedders.
For some the price might be irrelevant in the medium to long term but for most it's definitely something to get excited about if you bought in Officer. I know it's early stages and still a lot of land to be sold in many estates but for Officer give this suburb some time and you'll see prices go through the roof.
At the end of the day you buy what you can afford so the examples below for land sizes might not mean anything to a lot of people on the forum but the reality is the size of land will ultimately determine the growth in value of your property but obviously there's a bit more to it then just that; example: location, fully landscaped front and back, the condition of the house inside based on upgrades and $$$ spent the size of the house etc etc etc and much more but keep in mind some suburbs I've seen in Melbourne are quite a distance from schools and shops yet people are willing to pay more based on the reputation so I guess there's heaps and heaps of factors that will determine price moving forward. Okay so here's the list below in my view for land owners who bought in the new estates in south east of Melbourne. Size will be different for inner suburbs as back in the day they were larger blocks released but below is a guide for land released in today's market.
Size lots below = tiny, small, medium, big and huge based on today's New land releases in the South East of Melbourne. Again this is just a guide based on me speaking to a lot of people in the industry. So far the smallest block I've seen is 180m2 in Potters grove Northside. Maybe someone has seen smaller but once they start getting under 200m2 then this is just a rip off to a potential land buyer but no disrespect to the buyer, but the property development company should be blamed for being to greedy in my view.
anything up to 200m2 = tiny
230m2 -320m2 = small
350m2 -480m2 = medium
510m2 - 700m2 = big
850m2+ = huge
Thank you for such an analysis! Totally agree regarding land lot sizes.
We heard that the local shire council is insisting on smaller land lots - why wouldn't they? More fees for the. More profit from land sales.
I think that we were just lucky getting a lot of this size, in this location, at a good price and with minimum soil problems. And that people who originally put this lot on hold were on a tight budget and decided to go for another cheaper option. After talking to our builder we found that it had more sense to buy this lot with some extra site costs (for 1.2 m slope) than to go for any other available option.
We were considering Circa in Berwick (with the address still being Clyde North) but it is charging an absolute fortune for their lots. Just because of the name. Still sloppy lots that will come with higher site costs.
After speaking to land sales people I had an impression that sales people from Clyde/Clyde North estates were more knowledgeable than most of sales managers in Officer located estates. To be honest, it was a hard job to find a good lot. Good luck to everyone still looking. I hope that this forum will help them to make a right decision.