35 min train commute to Melbourne CBD
$440,000 – 3 bedrooms, 2 bathrooms, 1 garage
Due for completion March 2020
Rental appraisal $350 – $380 per week
Fastest growing municipality in Melbourne
Well connected to Melbourne, Ballarat & Geelong
This affordable house and land investment opportunity is in the outer western suburbs of Melbourne in the Local Government Area of Melton – one of the fastest growing growth corridors in the country and the fastest growing municipal in Melbourne.
Targeting couples and young families, these homes were designed to meet their needs, both in the home and with the surrounding infrastructure.
Location
Located in Rockbank, 44 kms to the west of Melbourne, it’s a 35 train commute or about a 40 minute drive to the CBD and around an hour drive to both Ballarat and Geelong. It’s on the Western Freeway and the Melbourne-Ballarat Railway Line. In the future, it will also connect to the Outer Metropolitan Ring Road Corridor.
Rockbank train station has recently re-opened after being rebuilt as part of the Ballarat Line upgrade.
It’s a neighbourhood under development and well serviced by shops, schools, leisure facilities and employment hubs.
Melbourne is experiencing the greatest population boom since the post-war era and is forecast to overtake Sydney as the most populated city in Australia in 2026 if the population growth continues at its current rate.
The population growth in this part of Melbourne is driven by affordability, lifestyle and infrastructure improvements.
The Property
These 3 bed, 2 bath homes with lock-up garages are well designed for family living. They are turnkey – so they’re “rental ready” with everything from ducted gas heating and dishwashers to blinds, letterbox and clothesline.
This is a newly constructed freestanding home within an easy commute to Melbourne. The price for a property such as this, in a location like this, is outstanding.
Price
Priced at $440,000 with a rental estimate between $350 and $380 per week, these homes are an affordable investment opportunity with a solid rental return. Based on the forecast population growth, rental demand is expected to be high.
Currently under construction, these homes are due for completion in March 2020.
What’s next?
If this development interests you, please get in touch and we can share more details and discuss whether it meets your investing strategy.
