This $639K Terrace Home Has a Twist
Floor plans, furniture and fixtures, measurements, and dimensions are approximate and provided for illustrative purposes only.
Population growth | Major infrastructure | Strong family appeal | 4.2% gross yield
At first glance, it’s a brand-new 4-bedroom terrace home. Look a little closer, however, and there’s more to the proposition than the price tag suggests.
With 168m² of living space, 194m² of land and an estimated 4.2% gross yield, this property offers investors a combination of space, land and rental appeal within a rapidly expanding residential corridor.
POPULATION GROWTH IS DRIVING DEMAND
The broader municipality recorded 5.8% population growth in 2024–25, reaching more than 231,000 residents.
With approximately 109,000 additional homes expected over the next two decades, continued population growth is supporting long-term demand for housing, services and infrastructure.
INFRASTRUCTURE IS TRANSFORMING CONNECTIVITY
Major transport investment is underway across the corridor, including significant rail upgrades, level-crossing removals and $152.7 million committed towards development work for future rail electrification.
These projects are designed to improve connectivity and support the needs of a rapidly growing population.
MAJOR HEALTHCARE INVESTMENT
A $900m+ new hospital is currently under construction nearby, with completion targeted for 2029.
The facility is planned to include 274 beds, 24-hour emergency services, maternity, intensive care and mental health services, with capacity to treat approximately 130,000 patients annually.
Beyond healthcare, this represents another significant employment and services hub for the surrounding community.
WHY A TERRACE HOME?
Terrace home can provide investors with a balance between modern living, tenant appeal and a more accessible entry point than many standalone homes.
This property offers the functionality of a larger family home — four bedrooms, three bathrooms and two car spaces — while requiring only 194m² of land.
For investors, this can provide exposure to a family-oriented property without the higher purchase price that can often accompany a larger standalone dwelling and landholding.
THE LAND COMPONENT MATTERS
The property includes 194m² of land, valued at approximately $205,000 within the overall purchase structure.
That means the investment isn't solely about the building — the investor is also securing a defined land component within a rapidly developing residential market.
With the house component valued at approximately $434,500 and the land component at $205,000, the total purchase price is $639,500.
BUILT FOR FAMILY RENTAL DEMAND
The property offers a practical combination of space and functionality:
Property Snapshot
$639,500
4 bedrooms | 3 bathrooms | 2 cars
168m² house ($434,500)
194m² land ($205,000)
Estimated rent: $520/week
Estimated gross yield: 4.2%
Land registration: Q1 2027
Estimated completion: Q4 2027
Double contract
The four-bedroom configuration, three bathrooms and two-car accommodation provide a strong fit for the family-oriented rental market.
WHY CONSIDER THIS OPPORTUNITY?
Growing population — Strong population expansion is creating ongoing housing demand.
Infrastructure investment — Major transport upgrades are improving connectivity across the broader corridor.
Economic expansion — Healthcare, retail, construction and other industries are contributing to a growing local employment base.
Future amenity — Significant investment in healthcare, education, retail and community infrastructure is supporting the area's evolution.
New property — A modern 4-bedroom terrace home with an estimated 4.2% gross yield.
Land component — 194m² of land provides a defined landholding within the overall investment.
POSITIONED FOR THE NEXT STAGE OF GROWTH
This opportunity combines a growing population, major infrastructure investment, expanding employment and family-oriented housing demand with a relatively accessible entry point of $639,500.
For investors seeking exposure to a rapidly developing residential market, this property is worth considering as part of a broader growth-focused strategy.
Contact us today to find out if this property fits your investment strategy.
This info is general and for illustrative purposes only. It doesn't take your personal financial situation into account and isn't intended as financial, legal, or tax advice. Any projections are just a guide based on third-party data. We always recommend checking in with your accountant or a licensed professional before making any investment moves.
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