11 Salix Way, Mickleham VIC 3064
11 Salix Way, Mickleham VIC 3064
New build in Mickleham | family-grade house | contemporary spec | active growth corridor | strong rental appeal
This is a brand-new house in a street where most of the surrounding stock is recent construction, so you are buying into a neighbourhood that is still taking shape rather than one that is settled. The property sits comfortably within the dominant family-home profile of the area, which means it should appeal to the same buyer type that is already active in this pocket: households looking for a modern, low-maintenance house with contemporary finishes and a layout that suits daily family life. The configuration is not unusual for the suburb, but that is precisely its strength—it matches what the local market expects and buys.
The main factors that might shape value here are the quality of the finishes, the size of the land, and how the house compares with other new builds in the immediate street. The property is in a growth corridor where supply is active, so price movement may be steady rather than sharp. Buyers should weigh the benefit of buying new against the fact that similar houses are being delivered nearby, which can keep competition measured. Rental demand appears solid, which may support the decision if there is any intention to hold and lease later.
|| Comparable Sales: 7 Salix Way sold May 2023 for $399,000; 19 Salix Way townhouse estimated around $767,000 | Property Price Band: $700,000–$800,000 | Value Drivers: new condition, contemporary finishes, family layout, land size
Detailed Independent Property Report prepared by PropCred Analyst team for 11 Salix Way, Mickleham VIC 3064
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Mickleham, 29km north of Melbourne, is a high-growth fringe suburb anchored by the Merrifield master-planned community. Demand is driven by families and young professionals seeking affordable housing and emerging infrastructure; population jumped from 3,142 to 17,452 between 2016 and 2021. House prices sit at a $700,000 median, with annual growth of 3.8–4.8%, while units median $615,000–$624,000 and grow near 4%. Houses rent for $550 weekly, yielding about 4.1%. Market conditions are balanced but slower: median days on market runs 58–63, and sales volumes vary widely, signalling potential supply fluctuations. Future growth hinges on the Merrifield mixed-use development and new schools, though modest capital growth and longer selling times remain constraints.
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PropCred Estimated Value
Comparable Sales: 7 Salix Way sold May 2023 for $399,000; 19 Salix Way townhouse estimated around $767,000 | Property Price Band: $700,000–$800,000 | Value Drivers: new condition, contemporary finishes, family layout, land size
Bedrooms
4
Bathroom
2
Parking
2
Land
314m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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