12 Perennial Drive, Truganina VIC 3029
12 Perennial Drive, Truganina VIC 3029
Dual-master 5-bed layout | 306sqm on 517sqm block | Built 2016 | Large-family suburban premium | $715+ rent estimate
The property is positioned well above the standard four-bedroom family stock common across Truganina, with a dual-master layout and 306 square metres of internal floor space. Built in 2016, it is configured for larger households, offering two master suites, a theatre room, an upstairs retreat, a study, and a butler’s pantry. That level of accommodation is uncommon in this suburb, and it is best suited to growing families seeking multiple living zones and a low-maintenance yard. Its rental estimate of $715 per week is also seen as a strong indicator of appeal to premium family tenants.
The property’s high internal-to-land ratio is reflected in a compact yard, which may be viewed as a trade-off by buyers wanting outdoor space. A prior sale of $1.03 million in 2022 is used as a baseline, though market movement might have shifted expectations. Street-level development activity is also seen as a potential influence on neighbourhood character, either positive or negative, and should be weighed against the rare five-bed, three-bath layout.
>> Comparable Sales: 12 Perennial Drive sold $1.03M Apr 2022 | Property Price Band: $1.1M-$1.2M | Value Drivers: dual-master layout, 306sqm floor area, low-maintenance block
Detailed Independent Property Report prepared by PropCred Analyst team for 12 Perennial Drive, Truganina VIC 3029
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
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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.
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PropCred Estimated Value
Bedrooms
5
Bathroom
3
Parking
2
Land
517m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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