Davis Vineyard is thrilled to present to you a remarkable investment opportunity that stands out in the current market. This offer not only promises an attractive return but also provides a strategic location and versatile appeal for a range of potential tenants or owners.
Type: House and Land Package
Location: Diggers Rest, a mere 29 minutes from the CBD
Key Investment Highlights:
1. Strong Rental Yield:
With an expected rental return of $400 per week, this property offers an annual yield of approximately 5%, significantly higher than the average annual yield of 2.9% in Metropolitan Melbourne (see attached image from REIV). This higher yield translates into better cash flow and a potentially quicker return on your investment.
2. Strategic Location:
Diggers Rest is conveniently located just 29 minutes from the CBD, making it an ideal location for renters who prefer a balance between urban accessibility and the tranquillity of a more suburban setting with a strong draw for a wide range of renters.
3. Market Potential:
The current market conditions in Diggers Rest indicate a growing demand for rental properties, making this an opportune time to invest in this area. The expected rental return is based on current market trends, suggesting a stable and lucrative investment.
4. More than an Investment Opportunity:
Additionally, this home is ideal for first-time homebuyers, or downsizers looking to own a low maintenance home. Its affordability and the location make it an attractive option for a variety of purchasers.
PLEASE NOTE: Time Machine Not Included
Whilst every attempt has been made to ensure the accuracy of this facade, doors, windows, rooms and other items are approximates only. The producer or agent cannot be held responsible for any errors, omissions or measurements. The image is for illustrative purposes only and should be used as such. 10% deposit required on sign up, pre-approval or cash payments accepted. Home may vary from that pictured and Davis Vineyard reserves the right to make changes without notice. This is not a fixed price contract. Forecasted rental return of $400 is based upon the current rental market in Diggers Rest & Sunbury.