Melton, VIC
Near-new home in an outer-growth corridor, purchased ahead of a planned rail upgrade.
- Purchase price
- $610,000
- Valuation uplift
- +$110K
- Gross yield
- 5.2%
- Income
- $620 pw
The brief
A client building a second income property wanted growth exposure to an infrastructure catalyst without paying an inner-city premium.
Why we bought it
- 01
Infrastructure ahead of price
A funded rail upgrade for the corridor had not yet been reflected in comparable sales.
- 02
Low-maintenance from day one
A near-new build meant no capital works were needed before leasing.
- 03
Land supply tightening
Remaining greenfield releases in the corridor are limited, supporting medium-term scarcity.
Asset detail
- Land area
- 410 sqm
- Configuration
- 4 bed · 2 bath · 2 car
- Year built
- 2021
- Zoning
- General residential
- Vacancy rate
- 1.1% LGA
- Independent valuation
- $720K
The acquisition
- Step 1Second-property strategy confirmed, growth corridor focus.
- Step 2Infrastructure-funded corridors mapped against current pricing.
- Step 3Building and pest reports cleared on a near-new build.
- Step 4Purchased at $610,000, ahead of the rail upgrade announcement effect.
Outcome
Independently valued at $720K following the rail upgrade confirmation.