Invest Smart: Secure Your Future with this Prime Clyde Townhouse!

Melbourne is currently experiencing a strong rental crisis, which has especially been seen in the eastern suburbs. New research has revealed the cities on outer east of Melbourne are receiving vacancy rates as low as 0.48% in March 2024. This low vacancy rate is due to increasing demand within the region and Melbourne in general. The strong desire for tenants to live in the eastern suburbs is due to the close connectivity to Melbourne CBD, the abundance of employment opportunities and great amenities including schools and medical centres. What this means for investors in the area, is stronger rental yields and long-termtenants.

GREENROCK is excited to share with you the release of the Clyde townhouses, located in Melbourne’s east, which boasts a great investment opportunity for those wanting to enhance their investment portfolio. We are extremely impressed by the value for money these townhouses provide, with low price points and substantial returns and long-term growth potential.

Why Invest in Clyde?

Clyde is located in the city of Casey, which is now Victoria’s most populous LGA, with ABS statistics revealing that growth is expected to continue with 500,000 people moving to Melbourne’s outer greenfield area. Casey’s population is anticipated to grow by 40% by 2041, making the region a state leader in terms of population growth.

This population growth, alongside a significant housing shortage has resulted in an increase in land prices. According to Oliver Hume research, the city of Casey experienced the third-highest land price growth in the state, demonstrating the difficulty for buyers to get into this now sought after area.

The City of Casey has a very strong rental market, with vacancy rates amongst all suburbs coming under 1% and rental yields well over 4%.

The region is also one for major infrastructure spending.

Let's delve into the details:

Location: Situated in the highly sought-after South East region of VIC, Clyde offers a perfect blend of suburban tranquillity and urban convenience. With easy access to essential amenities, schools, parks, and public transport, this location ticks all the boxes for tenants seeking convenience and quality living.

Purchase Price: Priced at $599,000, this investment property presents an incredible opportunity to enter the market at an attractive entry point, ensuring maximum potential for capital appreciation.

Property Size: Spanning across a total of 138m2, this 3 bedroom townhouse provides ample space for comfortable living while maintaining a manageable footprint for easy maintenance and upkeep.

Bed/Bath/Car: With 3 bedrooms, 2 bathrooms, and parking space for one car, this property offers the perfect layout to accommodate tenants' needs and preferences, maximizing rental yield potential.

Established Build: This established property is ready for you to seize the opportunity and start generating rental income from day one, ensuring a hassle-free investment experience.

Investment Metrics:

 - Price: $599,000​

 - Cost Per m2: $4,340 per m2

 - Body Corp Rates: $2,150

 - Rental Range: $460 per week

 - Rental Yield: 4%

Don't miss out on this opportunity to secure your financial future and build wealth through smart property investment. Please use the below Calendly link to book in a strategy appointment with our Senior Adviser. This appointment will give you further insights into this Clyde townhouse and whether this investment will work inline with your financial goals.

Alternatively, feel free to contact me on the below contact details to learn more.

Chloe Steel

0487771115

chloe@greenrockadvisory.com.au

https://calendly.com/joe-koc/client-review-w-joe

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