Real estate agent Richard Falzon on investing in Wyndham, and why in realty, personal interaction is as important as technology
Richard Falzon began his real estate career 15 years ago, “in the analogue age”, as he puts it, and saw its transformation to the fast paced digital world it is today. “The good thing about being a part of the revolution you learn that there is ‘no school like the old school’,” says the licensed estate agent, auctioneer, and Director, Wyndham Real Estate.
“Most agents leave everything up to automated emails, generic text messages and letters. I believe it is important to have the personal touch, make the phone call and keep clients informed,” says Falzon, who has been trading since the start of the Manor Lakes Shopping Centre opening. “I have seen that there are too many “fly by night agents” in it initially to make a quick buck. It is important to be dedicated. That means being on your game and keeping abreast with technology and change but most importantly keeping your client’s best interests at heart around the clock,” says Falzon, whose independent agency also offers marketing and digital products.
The Indian Sun talks to him about investing in Wyndham.
Where are the best pockets to invest in Wyndham?
Wyndham is no doubt Melbourne’s fastest growing residential area. It’s difficult to pick a certain spot. However, it is obvious to find locations close to amenities in particular public transport, shopping complexes, school and of course recreation areas like parks. It is obvious to me that the area is set to jump in leaps and bounds when you take a look at the billions of dollars the government is investing on the infrastructure.
What do you think about Wydham Harbour? Is the talk on the Ferry just hype or is this really going to happen?
It is going to be one of the West’s greatest draw cards. Especially now that there is so much interest as it is finally taking shape, offering what I believe will be a fantastic tourist destination.
What are demographics of people who buy into the area?
The beauty of the Wyndham precinct in general is that there is a diverse cultural and age mix. Having said that the newer developments do draw many young couples and investors alike. Investors are taking advantage of the low prices especially when compared to other parts of Melbourne.
What about the high-end property development that has been proposed recently?
There is just so much development going on. As far as I can see in my career the levels of investment are unprecedented. With the re-zoning of rural land to residential coinciding with amenities such as the new Wyndham Vale, and Tarneit & Williams Landing train line, the investment in development is phenomenal.
Why are established homes in Hoppers and Werribee area still stagnating? Is it a good investment move to buy them? How easy or difficult is it to get planning permit for those spots?
I believe what we will see are the older areas being developed. Already, residents are upgrading, refurbishing, and subdividing, making the most of the homes and larger land allotments. The council is also happy to see development and are happy to assist in improvements.
Do you feel that the real estate agency business is highly competitive in the area?
We are in a very competitive industry. With new agencies coming up all the time it is important to stand out from the crowd. That is why we constantly invest in the latest technology and education.
Support Independent Community Journalism
Dear Reader,The Indian Sun exists for one reason: to tell stories that might otherwise go unheard.
We report on local councils, state politics, small businesses and cultural festivals. We focus on the Indian diaspora and the wider multicultural community with care, balance and accountability. We publish in print and online, send regular newsletters and produce video content. We also run media training programs to help community organisations share their own stories.
We operate independently.
Community journalism does not have the backing of large media corporations. Advertising revenue fluctuates. Platform algorithms change. Costs continue to rise. Yet the need for credible, grounded reporting in a multicultural Australia has never been greater.
When you support The Indian Sun, you support:
• Independent reporting on issues affecting migrant communities
• Coverage of local and state decisions that shape daily life
• A platform for small businesses and community groups
• Media training that builds skills within the community
• Journalism accountable to readers
We cannot cover everything, but we work to cover what matters.
If you value thoughtful reporting that reflects Australia’s diversity, we invite you to contribute. Every donation helps us maintain the quality and consistency of our work.
Please consider making a contribution today.
Thank you for your support.
The Indian Sun Team
