5 Fairweather Parade, Officer VIC 3809

5 Fairweather Parade, Officer VIC 3809
3 beds | tenanted until 2026 | near primary school & shops | modern finishes, low maintenance This property presents a turnkey investment, competitively priced within its range, with its immediate strength being a secured tenancy through mid-2026 that guarantees income and eliminates vacancy risk for an incoming buyer. The configuration is standard for the area, but the modern interior finishes-stone benchtops, ducted heating, and a walk-in pantry-position it above basic stock, reducing near-term capital expenditure. Its location minutes from a primary school, shopping centre, and parks underpins tenant demand and supports long-term livability, making it a classic “set and forget” proposition ideally suited for a passive investor seeking stable yield without operational fuss. The decision hinges on accepting locked-in tenancy in exchange for delayed control and potential below-market rent, while the lack of recent, precise comparable sales on the street introduces pricing ambiguity. Mitigate this by benchmarking against the broader Officer market, where the listed price appears anchored against higher recent sales in the suburb, suggesting a reasonable entry point. Proceed with a building inspection to verify condition unseen, but the combination of secure income and modern presentation justifies an offer at the lower end of the quoted range, with a strategy to hold through the tenancy term before reassessing personal use or a rental uplift.

Market Insight:

Officer presents as a family-oriented suburb with a market driven by professional households seeking affordability. Demand is underpinned by strong rental growth, attracting investor interest alongside first-time buyers. Recent house price growth has been moderate, with a stable sales volume indicating consistent activity. Future prospects are tied to this sustained rental demand, though price appreciation has recently trailed broader metropolitan trends.

PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

2

Land

255m²

Built

Recent Assessments