2 Venus Street, Truganina VIC 3029
2 Venus Street, Truganina VIC 3029
Detached family house | Modern estate build | Likely single level | Moderate block | Strong tenant demand
A detached family house of this type is considered the standard form of housing within Truganina’s newer estates. Its likely three-to-four bedroom, two-bathroom, double-garage layout on a mid-size block is closely aligned with the property profile most often purchased by local families. The modern estate context is expected to provide low-maintenance grounds and contemporary fittings, including stone benchtops and ducted heating, which reduces the immediate need for capital outlay. Best served by this property are first-home buyers and investors seeking dependable rental demand, along with young families drawn to nearby schools and transport.
Value may be influenced most by the precise land size and orientation, since a larger or north-facing block is likely to attract a premium. The condition and level of finish could also differentiate this property from comparable modern houses. A quiet street position and any upgraded outdoor landscaping might strengthen appeal, while a more prominent location could limit buyer competition.
Detailed Independent Property Report prepared by PropCred Analyst team for 2 Venus Street, Truganina VIC 3029
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
1
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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
Comparable Sales: 4/2/2 house on 420m² sold for $672k; 3/2/2 house on 350m² sold for $658k | Listed Price Band: $650k-$750k | Value Indicator: land size, condition, orientation
Bedrooms
4
Bathroom
2
Parking
2
Land
488m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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