8 Shanghai Walk, Truganina VIC 3029
8 Shanghai Walk, Truganina VIC 3029
Modern low-set family house | likely 3/2/2 format | late-2010s build | compact estate lot | strong school-driven demand
Positioned within Truganina’s modern estate stock, this property is presented as a single-storey detached house with three bedrooms, two bathrooms, and a double garage on a compact lot. The build is expected to date from the late-2010s, when stone benchtops, ducted heating and cooling, and security features were commonly included. A move-in-ready, low-maintenance package is offered, well suited to first-home buyers, young families, and investors. School proximity, especially to Al-Taqwa College and Westbourne Grammar, is considered a key location driver that broadens buyer appeal.
The compact land size may be seen as a limitation for buyers wanting outdoor space, while the standardised estate format might cap upside relative to larger local homes. Presentation and condition are likely to be the main pricing drivers, with upgraded finishes potentially supporting a stronger result. The house should be weighed against other late-2010s stock when forming a price view.
Detailed Independent Property Report prepared by PropCred Analyst team for 8 Shanghai Walk, Truganina VIC 3029
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
URL has been copied successfully!
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.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 8 Oxbow Walk and 8 Michy Street | Property Price Band: $600K–$700K | Value Drivers: condition, land size, presentation
Bedrooms
3
Bathroom
2
Parking
2
Land
126m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!