32 Montgomery Drive, Truganina VIC 3029
32 Montgomery Drive, Truganina VIC 3029
4-2-2 family house on 358m² | fits Truganina’s core buyer demand | single-storey style suits first-home upgraders | mid-sized lot for easy upkeep | high-supply suburb limits scarcity
The property is positioned as a straightforward family house in a growth suburb where demand is driven by owner-occupiers. Its 358m² parcel is considered workable for a four-bedroom home, offering enough outdoor space without high maintenance. The four-bed, two-bath, two-car configuration is treated as the standard family specification, so the house is expected to appeal to first-home buyers and young families. Single-storey living is viewed as an advantage for easy access and a simpler footprint. In a high-supply suburb, this property is expected to compete on usability and price, making it a safe, predictable choice for functional family living.
The price achieved may be influenced by interior presentation against newer stock. A premium may only be paid if the property is perceived as move-in ready and free of deferred maintenance. The mid-sized lot may be preferred by low-upkeep buyers, but might be seen as limiting for large-backyard needs. Final value may be determined by condition, presentation, and layout versus similar family houses.
Detailed Independent Property Report prepared by PropCred Analyst team for 32 Montgomery Drive, Truganina VIC 3029
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
2
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
Comparable Sales: 4-bed house on 340m² sold for $672k; 4-bed house on 380m² sold for $705k | Property Price Band: $650K-$750K | Value Drivers: condition, land size, layout
Bedrooms
4
Bathroom
2
Parking
2
Land
358m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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