16 Cameo Cres, South Morang VIC 3752
16 Cameo Cres, South Morang VIC 3752
2-bed townhouse | quiet court pocket | low-maintenance buy | investor and first-home appeal | solid rental demand
This townhouse holds a clear competitive edge for buyers wanting a compact, low-maintenance footprint without stepping too far from everyday convenience. Its two-bedroom, two-bathroom layout suits first-home owners, downsizers, and investors alike, offering a practical balance of private space and minimal upkeep. Positioned within a defined townhouse pocket on Cameo Crescent, it sits comfortably alongside similar product in the street, while the suburb’s broader mix of detached houses means this format appeals to those prioritising affordability and ease over land size. The inclusion of a balcony, built-in robes, and split-system cooling adds everyday comfort, and the quiet court location strengthens its appeal for owner-occupiers seeking a calmer setting.
Value may be shaped by how the townhouse compares to slightly larger options in the immediate area, as three-bedroom counterparts tend to draw a different buyer pool and price point. The absence of a verified build year or floor level means age and positioning could influence perception, particularly if neighbouring stock is newer or offers better orientation. Rental demand appears consistent, supported by active leasing in the street, which may underpin investor interest. Proximity to schools, the train station, and Westfield Plenty Valley likely reinforces desirability, though the property’s final value might hinge on internal condition and presentation rather than location alone.
Detailed Independent Property Report prepared by PropCred Analyst team for 16 Cameo Cres, South Morang VIC 3752
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
South Morang is a family suburb on Melbourne’s outer north, defined by detached housing, good state and private schools, and rail and road links. Demand is led by young mortgaged families—27% of residents are under 18—and household incomes run above the Greater Melbourne average. House prices are rising 5–9% annually, with medians around $765k–$850k; units are flat at $510k–$560k. Houses sell quickly, averaging 26–42 days on market. Future demand is underpinned by population growth, infrastructure access, and gross yields of 3.7% for houses and 4.9% for units. Key risks: affordability near the upper end of the range, high mortgage exposure, and a modest annual sales volume of 315–403 houses per year, so the market remains exposed to interest-rate shifts.
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PropCred Estimated Value
Comparable Sales: 119 Cameo Cres sold around $440k–$484k; 18 Cameo Cres sold at $233k in 2020 | Property Price Band: $440k–$540k | Value Drivers: internal condition, layout efficiency, quiet court positioning
Bedrooms
3
Bathroom
2
Parking
2
Land
6.41 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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