33 Kondalilla Drive, Truganina VIC 3029
33 Kondalilla Drive, Truganina VIC 3029
Creekside modern house | 4 bed, 2 bath, 2 car | 461m² lot | strong young family demographic | solar panels detected | 3.6% suburb annual growth
This property occupies a rare creekside position in a suburb where 71% of residents are under 40, making it directly aligned with the dominant buyer demographic. The 461m² lot is above the median for new estates, and the 4-bedroom configuration with two bathrooms serves the family market that drives 35% of Truganina’s population. Solar panels reduce ongoing costs, and the confirmed school zones within 1km strengthen appeal for buyers prioritising education access. The property suits a young family or investor targeting the rental yield of 3.8%, supported by a 60% owner-occupier street profile that signals stable neighbourhood demand.
The key risk is the price guide sitting above the estimated value range of $570k-$770k, with a median suburb price of $701k and a low auction clearance rate of 39% indicating buyer caution. The recent comparable sale at $717k for a similar property on a smaller lot provides a ceiling, but the 2-day listing suggests the seller may be testing the market rather than pricing to sell. The 40% renter proportion in the street introduces some turnover risk. The opportunity is to negotiate toward the lower end of the guide, using the recent comparable and low clearance rate as leverage. Hold this property for at least five years to capture the 3.6% annual growth trajectory and benefit from ongoing infrastructure development in Truganina.
Detailed Independent Property Report prepared by PropCred Analyst team for 33 Kondalilla Drive, Truganina VIC 3029
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
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.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
461m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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