PROPERTY OF THE WEEK: Unlocking Potential In Victoria's Fast-Growing City

24-07-24 04:29 PM - Comment(s) - By Joean

Discover the incredible growth and opportunities in one of Victoria's most promising cities. This vibrant municipality, known for its mix of suburban, coastal, and country areas, is experiencing a remarkable transformation.

Forecasts project that the city's population will surge from 289,272 in 2024 to an impressive 396,388 by 2041. In the 2022/23 fiscal year, this thriving locale contributed significantly to Victoria’s economy, accounting for 4.0% of the state’s employment and 3.6% of its value added.

The construction industry stands out, with the highest number of registered businesses, making up 21.7% of the total—substantially higher than the state average of 17.2%. In the year ending June 2023, the city had 147,188 residents employed, with Health Care and Social Assistance being the largest employer, generating 30,838 local jobs.

Stay tuned for more insights and opportunities in this dynamic and rapidly growing city.

PROPERTY MANAGEMENT

Once the final payment is made, Your Property Management team steps in to handle everything for you. They conduct an inspection, list the property, and ensure you start receiving rent immediately. Their services include rent guarantee, vacancy and arrears protection, routine inspections, lease preparation and renewal, bills management, maintenance and repairs, and more. Your dedicated maintenance manager assists with warranty claims, ensuring a hassle-free experience.

TYPICAL TENANTS

- Apprentices

- Migrants

- Nursing students

- Tertiary students

- Young Professionals

Located In Vic

House and Land: 3 / 3 / 1

House size: 138.83 m2: $358,421

Land size: 221 m2: $257,000

Est. rent: $780 p/w

Land registration: Registered

Each colour represents the space for each bedroom/ensuite/store. All have separate areas.

The floor plan, furniture and fixtures, measurements, and dimensions are approximate and are for illustrative purposes only.

BOOK AN INITIAL CALL

Calla Property Investment Specialists:

+61 407 465 850 | +61 482 080 189