44 Alabaster Avenue, Cobblebank VIC 3338

4-bed family home | 448m² block, Cobblebank growth corridor | near St Anthony’s Primary School | $149k bought 2015, now ~$670k This property offers a rare combination of a modern four-bedroom house on a mid-sized block in a high-growth corridor, where land constraints are tightening. The 2015 purchase price at $149,000 signals early entry into an area now seeing sustained demand from families and first-home buyers priced out of inner suburbs. The proximity to St Anthony’s Primary School and the newer estate layout give it a clear edge for households prioritizing school catchment and low-maintenance living. It best suits a buyer seeking a long-term family home with above-average capital growth potential as the Melton growth area matures. The primary risk is the suburb’s exposure to oversupply from ongoing development, which can suppress short-term price gains and lengthen holding periods if selling within five years. Buyers should budget for potential valuation gaps if financing, and note that while NBN is present, it is not a prime value driver. The opportunity lies in holding for at least seven years to capture infrastructure-led appreciation from planned road and community upgrades. Use this property as a core family hold, not a flip.