24 Bet Street, Truganina VIC 3029
24 Bet Street, Truganina VIC 3029
4 bed, 2 bath, 2 garage | 63% site coverage, 294mยฒ lot | FTTP NBN, 5G | Melton council, no overlays
This propertyโs competitive edge lies in its efficient site coverage: 187mยฒ of building on 294mยฒ of land yields a practical, low-maintenance footprint with generous internal space, appealing to investors or first-home buyers seeking yield over land banking. The FTTP and 5G connectivity support remote work viability, while the absence of bushfire, flood, or heritage overlays reduces due diligence risk. It serves best as a rental holding in a high-renter street (70% tenants) with strong school proximity.
The key risk is the 294mยฒ lotโsmaller than the streetโs typical 350mยฒโwhich limits capital growth potential compared to larger blocks in Truganina. This is partially offset by the 63% coverage, which maximises usable area for the buyer. The opportunity lies in securing below the median $701k for 4-bed houses, with rental income at $465/week offering a 3.9% gross yield. Hold this property as a cash-flow positive rental in a growth corridor, not a land appreciation play.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 24 Bet Street, Truganina VIC 3029
Market Insight:
Truganina is a family-oriented suburb with strong owner-occupier demand, evidenced by high sales activity. Recent price growth has been solid, particularly for units, though the market is less competitive than metropolitan averages, indicated by a lower clearance rate. Future growth is underpinned by its established residential character, while the primary constraint is the current higher level of available supply relative to buyer demand.