5 Showertree Street, Truganina VIC 3029

Newly built | 74% site coverage | 4.28% rental yield | 172% land value gain in 5 years This property presents a rare buying opportunity in a growth corridor: a 2023-built house with a 74% building-to-land ratio, which is unusually efficient for a four-bedroom home. The high coverage signals that the developer maximised internal space over garden area, making this property ideal for investors or owner-occupiers prioritising rental return over outdoor land. The 4.28% rental yield exceeds the suburb average of 3.8%, and the 172% appreciation since 2021 indicates strong capital growth momentum. This property serves best as a buy-and-hold investment or for first-home buyers seeking a low-maintenance, high-yield entry into the western growth corridor. The primary risk is the small land size of 262m², which limits future subdivision potential and may appeal less to families seeking outdoor space. The 74% building coverage leaves minimal room for extensions or landscaping. However, the property’s position within the Ellarook Estate, with proximity to Warreen Primary School and Tarneit station, mitigates this by offering strong tenant demand. The absence of bushfire, flood, or heritage overlays reduces insurance and regulatory risk. The opportunity lies in capturing ongoing capital growth from the area’s development trajectory, supported by infrastructure investment and population inflow.