1 Oak Avenue, Traralgon VIC 3844
1 Oak Avenue, Traralgon VIC 3844
Detached family house | Established suburban pocket | Near CBD and station | Likely 3-bed layout | Practical investment appeal
This property is positioned as a dependable family house within Traralgon’s established suburban fabric. Its likely three-bedroom configuration on a moderate lot is highly compatible with local demand, where practical, low-maintenance living is valued. The house benefits from a convenient location near the CBD, railway station, and sports facilities, which strengthens its appeal to both owner-occupiers and investors. The expected single-level floor plan is seen as an advantage for those seeking accessibility or simple living arrangements. This property is best suited to first-home buyers progressing from units, or investors targeting reliable rental returns in a stable market.
Value may be driven by original build condition, with older homes often requiring maintenance budgets. Extension potential might be offered by land size. Final price could be affected by kitchen and bathroom finishes. Support might be provided by stable yields, but upkeep remains the primary consideration.
>> Comparable Sales: 19 Oak Avenue sold $405k, 11 Ethel Street sold $459.5k | Property Price Band: $550k-$650k | Value Drivers: condition, land size, layout
Detailed Independent Property Report prepared by PropCred Analyst team for 1 Oak Avenue, Traralgon VIC 3844
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
2
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Market Insight
Traralgon, the Latrobe Valley’s main service centre, combines V/Line rail and highway access to Melbourne. Demand is led by 30-39 year old mortgaged families, with 27% under 18 and a large share in community and personal services. House prices have risen to a $535,000-$575,000 median across sources, with 6.9-8% annual growth and 711 sales in the past year. Units lag, holding at $320,000-$350,000 with near-flat growth. Gross yields are 4.73% for houses and 5.88% for units, while median weekly rents sit at $492 and $370 respectively. Population growth of 7.92% since 2016 and rising house rents underpin demand. Constraints include slower unit turnover at 58-84 days and regional rate sensitivity, with house values ranging from $460,000 to $780,000 by bedroom count.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
1
Land
552m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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