Property Highlight – Warrnambool, Victoria

Large 1 bed, 1 bath, 1 study nook, 1 parking
67 sqm internal, 11 sqm balcony

$376,950

Boutique development
High rent yielding rent estimate $430 a week
Vacancy rate crazy low at 0.3%

Completed and ready to settle

Suitable for SMSF investors

Location

Warrnambool is a seaside city at the western end of Victoria’s iconic Great Ocean Road. It is an often overlooked investment hot spot with an appealing combination of economic, lifestyle, and infrastructure factors. It is a major economic centre in western Victoria.

Population growth has been steady due to a mix of migration and organic growth. Many people settle in Warrnambool looking for a sea change whilst still being connected to a major hub. It’s 3 hrs drive from Melbourne CBD and Melbourne Airport and 4 hrs via V/Line train line from Melbourne’s Southern Cross Airport.

This property is opposite Northcote Shopping Centre, minutes from the CBD and just 6 minutes from Warrnambool Base Hospital – the current benefactor of a $384m upgrade. Major industries in this regional hub are tourism, healthcare, education, construction, agriculture and food manufacturing.

Local property prices for units have increased an average of 65% over the past five years while median rent has gone up 45% over the same period.

Property

This apartment features a contemporary blend of functionality and style.

It is an ideal property to move straight into and not have to lift a finger or providing a solid addition to any investment portfolio with depreciation tax benefits.

The kitchen is complete with dishwasher, ceramic cooktop, wall oven and stone benchtops. The bedroom has a built in wardrobe and large windows and bathrooms feature custom tileworks and stylish finishes.

It a great entry price into an investment property or diversification option for a portfolio.

Please get in touch if this property fits your budget or investing strategy.