23 Bushfield Road, Truganina VIC 3029
23 Bushfield Road, Truganina VIC 3029
4 bed, 4 car, 400m² | 2011 build, established estate | Family-oriented, long-owner street | Strong school catchment | Modern finishes typical
This property holds a clear competitive edge in its configuration: four parking spaces is uncommon for a 400m² block in Truganina, where most comparable houses offer two. That extra capacity suits growing families with multiple vehicles, tradespeople, or those who value secure off-street storage. The 2011 build places it in the established-modern segment—newer than older stock but with settled landscaping and street character. It sits in a family-driven pocket with strong school catchment access and long average owner tenure, which signals stability and low turnover friction. The buyer it serves best is a family or first-home buyer seeking a practical, low-maintenance house with room to grow, in a suburb where demand is steady and price-sensitive.
Value may be shaped by the absence of confirmed internal floor area and aspect, both of which could influence how the house feels on inspection. The land size is modest at 400m², so outdoor space is likely compact, and the 2011 build means some systems may be nearing replacement age—though no red flags are evident. Rental demand appears healthy, with nearby equivalents suggesting a yield near 4%, which could attract investors. The street’s active but not overheated market, with longer days on market, might allow negotiation room. Buyers should weigh the parking advantage against the smaller block and confirm the internal layout suits their needs before forming a price view.
Detailed Independent Property Report prepared by PropCred Analyst team for 23 Bushfield Road, Truganina VIC 3029
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Truganina, 22km west of Melbourne, is a family-dominated market where detached housing with mortgaged owners underpins activity. Demand comes from owner-occupiers, reflected in 863 house sales over the past year. House prices have risen 3-4% to roughly $670,000-$725,000, while units outperformed with 9-13% annual growth to $530,000-$565,000. Homes sell in 42-50 days, with unit yields near 4.8% versus 4.1% for houses. The market is liquid but softer than metro benchmarks: clearance sits at 53.6% against 77.8% metro, and 373 listings were available last month. Elevated supply and rate sensitivity among mortgaged owners remain the key constraints, while continuing turnover and stronger unit returns underpin the outlook.
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PropCred Estimated Value
Comparable Sales: 6 Bushfield Road sold at $725k; 17 Bushfield Road guided near $720k–$790k | Property Price Band: $720k–$820k | Value Drivers: 4-car parking, 400m² land, 2011 modern build, school catchment
Bedrooms
4
Bathroom
2
Parking
4
Land
400m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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