If you’re seeking property investment opportunities in Australia, you should be giving a serious thought to Truganina, a suburb in Melbourne, just 35 minutes off Melbourne CBD.
With 25% of the Australian economic activities being at Melbourne and the growth rate for the entire region pegged at 30% over the next couple of decades, you can’t possibly turn a blind eye on the current investment property prices.
Truganina Is Growing Fast
The growth potential for Truganina stems from its low population levels and its close vicinity to Melbourne. Global economic trends are looking up, new developments such as a proposed business park, there are talks of reviving the proposed railway line along side Leakes Road to augment the existing and proposed northern industrial parks. As if this wasn’t enough, what gives investment property market a major boost in Truganina is the fact that Melbourne is gradually losing its position as the major catchment area to Truganina and Tarneit.
In addition, the growth in property investment has come about due to the stimulus packages introduced by the Federal Government, Australia. The last three quarters have seen continuous growth in house investments, in general in Australia and specifically in Truganina which recorded a phenomenal 18.5% increase. I think it’s not completely out of place to mention another piece of statistics to emphasis the point. The house affordability index for Truganina, along with other non metro cities/suburbs in Australia, have recently turned upwards very sharply and has maintained its lead over the national average. That said, Truganina has 90% of houses owner/occupier rate, the highest in Australia, which underlines the prospects for property investment in Truganina.
Get What You Are Looking For In Truganina
Arndell Estate, the top name in Truganina real estate arena, is offering great outdoors in its new display village at Arndell, spread over 40 hectares where 40% of the land is dedicated for parklands and greenery. Located at the heart of Truganina and amidst 10 public and private schools and 22 kindergartens and childcare centers, your children are never too far away from school. With a close vicinity to commercial centers like Werribee Plaza, Point Cook Town Centre and Wyndham Village you can hardly ask for more.
If your first interest in property investment in Truganina is in house investments, you can expect everything in Arndell. With good transport and road networks to move around here and there including to Melbourne, traveling is a breeze. The serene, planned community fills you with the satisfaction of having made a decision you are never going to repent. For one, your property investment in Truganina is worth more than its value considering the vast pieces of land you get for peanuts as opposed to the sky high Melbourne rates.
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