111/4 Highlander Drive, Craigieburn VIC 3064

2-bedroom compact layout | strata land figure misleading | price-growth plateaued since 2021 | rental lift capped against purchase cost | limited scarcity in large complex The property’s value has essentially stalled since its original sale in 2021, indicating supply in this precinct is outstripping demand growth. A buyer effectively pays today what was paid new, with no capital growth in five years, and the land figure of 3551m² is irrelevant as a 1/127th undivided share offers no development optionality. The rental yield at approximately 5.6% secures modest income but lacks upside without a second bathroom. This should be held for cash flow only, not appreciation. What is competitively strong is the new-build quality—gas cooking, dishwasher, split-system cooling in every room, and a storage cage—all uncommon in entry-level apartments under 70m². For a downsizer or first-time buyer wanting a low-maintenance unit with FTTP and 5G capacity within walking distance of a train station, this works. To proceed, verify strata fees and sinking fund balance, as these will determine whether the yield holds under rising body corporate levies.