Truganina real estate is proving to be a strong investment choice for landlords.
Tenants and home owner’s alike report that they prefer Truganina because of the access to Melbourne. Truganina is served by three separate access points to the Princes Freeway (M1), which during off-peak times is only a 25 minutes commute to Melbourne's CBD. Surrounding areas such as Werribee, Tarneit, Wyndham Vale and Point Cook all face considerably more traffic delays around peak hours given they sit further away from the CBD.
Manufacturing and logistics is the largest employer in the outer west area and Truganina is centrally located to the major manufacturing and logistics areas in Laverton North.
Over the past couple of years there have been 80 to 100 properties for rent in Truganina. With vacancy rates dropping this figure has dropped to 50 properties up for rent. Rents have risen between 3 to 4% since 2013 with the average price for 3 and 4 bedroom properties rising $10 per week each year on average.
While most of the rapid residential property growth seen 3-5 years ago in the outer west has slowed, Truganina has opened up considerable new development area’s (Alura and The Gateway) and these are being brought up by first or second home buyers. In 2011 there was short of 9,000 people living in Truganina and this figure is projected to rise to 39,000 by 2030. That is a lot of new houses.
Truganina is characterised by low density quarter acre block development and is growing rapidly in advance of transport infrastructure and services, meaning that the vast majority of new residents are currently dependant on automobiles.
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