25 Bushel Way, Truganina VIC 3029
25 Bushel Way, Truganina VIC 3029
4-bed family home | generous 448m² block | new estate near schools | limited recent street sales
This property presents a competitively strong, turnkey family home in a young and established pocket of Truganina. Its core appeal lies in the alignment of a standard four-bedroom, two-bathroom configuration with a land parcel that is generous for the estate, providing immediate utility and scarcity value in a suburb dominated by similar stock. The location within the Elements Estate, with multiple schools within walking distance, directly serves the dominant local demographic of young families, ensuring sustained fundamental demand. For a buyer, this represents a low-complexity entry into a settled street where the development phase is complete, mitigating construction risk and offering a known neighbourhood character.
The decision hinges on pricing against a stale sales cohort. The primary risk is anchoring to 2021-2023 street sales that do not reflect current market liquidity, evidenced by no sales on Bushel Way in the past twelve months. This data gap costs the buyer a precise benchmark, requiring a premium for certainty. The opportunity is to secure a property at a marginal premium to the most recent June 2024 comparable sale at 19 Bushel Way, banking on the larger land component and the estate’s maturity to preserve capital. The judgment is to proceed only at a price that acknowledges the outdated comparables, positioning this as a long-term hold for owner-occupation to realise the location’s family-centric advantages.
Recent sales on Bushel Way illustrate the valuation context: 19 Bushel Way sold for $700,000 in June 2024; 6 Bushel Way for $720,000 in April 2023; 9 Bushel Way for $730,000 in March 2022; 12 Bushel Way for $660,000 in December 2021; 8 Bushel Way for $780,000 in June 2021. This trajectory suggests a plateau in nominal values post-2021, with the 2024 sale setting a current floor. For this property, a value inference sits narrowly above the recent $700,000 sale, justified by its identical configuration and slightly longer time on market for the comparable.
Detailed Independent Property Report prepared by PropCred Analyst team for 25 Bushel Way, Truganina VIC 3029
Checks found:
Value Risk
✓
Liquidity Risk
✓
Planning Risk
✕
2
Income Risk
!
1
Execution Risk
✓
Insight: Truganina VIC 3029
Truganina is a family-oriented suburb with strong owner-occupier demand, evidenced by high sales activity. Recent price growth has been solid, particularly for units, though the market is less competitive than metropolitan averages, indicated by a lower clearance rate. Future growth is underpinned by its established residential character, while the primary constraint is the current higher level of available supply relative to buyer demand.
PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
448m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst