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Not really, to be honest.
If Broadmeadows were a regional town and the Ford factory provided the bulk of employment to its residents, then definitely... but Broadmeadows has a very strong retail hub and is supported by a number of other different industries, including health (major hospital), education (Tafe, public schools), employment and community services. These are just within Broadmeadows.
If you look at neighboring suburbs, you have Cambellfield (factories), Tullamarine (airport) and Essendon (retail, etc).
andriods, are you scarred about the 250 jobs the ford factory let go in june and the 1200 to come in 2015-2016?
i still think broadmeadows is an ok cheap area to buy. the ford factory is my only concern though.
Hi Tj22
I am also looking in the area. I am intending on developing and while my idea was to do so initially in Glenroy the numbers simply didn't stack up.
Broadmeadows has got a reputation for itself which is why all folk who would be owners occupiers in Glenroy simply won't consider Broadmeadows as an option. However, the suburb isn't any worse and still equally close to CBD, airport etc. From December this year the train zoning will also change and Broadmeadows will move from zone 2 to zone 1. This will make travelling to town significantly cheaper and therefore more accessible for job seekers, which in my opinion will have a positive impact on the employment in the area.
I am currently looking at deals.
Hope this helps a little.
This ad for a Glenroy house just came up. The brick veneer house is on a good piece of land 725m. Suitable for double-storey townhouses (STCA)
It's triple fronted and is near Safeway Supermarket and lots of shops in the West Street Shopping Precinct.
What do people think this house is worth in the market?
http://www.realestate.com.au/property-house-vic-glenroy-117876591