Melbourne's Officer - one of the best suburbs to invest in for 2020: HTW residential
Starting off the new year with the right market conditions, there are a handful of locations that have indicated strong growth potential this year in the south- eastern regions of Melbourne, according to the latest Herron Todd White (HTW) residential report.
The report suggests one of the suburbs to look out for is Officer.
Located approximately 50 kilometres south-east of the central business district and situated between Pakenham and Berwick, Officer has become one of the fastest growing
suburbs in the outer south-eastern growth corridor.
"Officer stands to be one of the best suburbs to invest in for 2020, where the median house price is $549,000 and the gross yield is 3.8 percent.
"With affordable house and land packages combined with low interest rates, government incentives and looser loan serviceability tests, these new estates are perfect for those looking to purchase their first home or migrating families who are looking to make Melbourne their home for the first time," the valuation firm said.
A four bedroom house in Officer has recently been sold for $610,000.
The four bedroom, two bathroom home is situated at 13 Zoe Lane (pictured below).
It features open plan family room, formal lounge, modern kitchen and decked outdoor space.
The house is situated within walking distance to the cafe, future town centre and new medical centre.
A current listing in Officer is a four bedroom brick veneer house priced at $540,000 to$580,000.
Situated at 58 Millicent Parade (pictured below), the home comprises four bedrooms, two separate entertaining areas, and kitchen with walk in pantry.
Other features include wall to wall carpets, tiled wet areas and landscaped front and rear gardens.