Traralgon

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Traralgon is the cheapest locality in Victoria for purchasing units, according to Investar’s latest report.
The property investment firm says that units in Traralgon can be purchased at around a $111,500 median.
This is followed by Moe with $148,500 and Numurkah with $149,000.
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Suburb
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Postcode
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Bedrooms
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Current median price
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Traralgon
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3844
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Studio and 1
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$111,500
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Moe
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3825
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2
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$148,500
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Numurkah
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3636
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2
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<td valign="top" width="122">
$149,000
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Mildura
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3500
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2
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$155,000
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Burwood
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3125
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Studio and 1
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<td valign="top" width="122">
$155,000
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A one bedroom unit at <a href="https://www.realestate.com.au/property-unit-vic-traralgon-124532498" target="_blank">22/18 Gwalia Street</a>, Traralgon (above) has been listed for $108,000.
Similarly a one bedroom unit at <a href="https://www.realestate.com.au/property-unit-vic-traralgon-124117462" target="_blank">2/4 Murphy Crescent</a>, Traralgon (below) has been listed for $105,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/04/12/2_4%20Murphy%20Crescent.jpg" alt="">
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j.ballantyne1990-6AQqhLzZaK

Units in Traralgon's $111,500 median: Investar

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Traralgon is the cheapest locality in Victoria to purchase a unit, according to Investar’s latest market report.
The property investment firm says that the median price for a one bedroom or studio unit in Traralgon is $114,500.
This is followed by ­Moe with $148,500 and Mooroopna and Mildura with $149,000, all of which are for two bedroom units.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="83">
Suburb
</td>
<td valign="top" width="54">
Postcode
</td>
<td valign="top" width="88">
Bedrooms
</td>
<td valign="top" width="113">
Current median price
</td>
</tr>
<tr>
<td valign="top" width="83">
Traralgon
</td>
<td valign="top" width="54">
3844
</td>
<td valign="top" width="88">
Studio and one
</td>
<td valign="top" width="113">
$114,500
</td>
</tr>
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<td valign="top" width="83">
Moe
</td>
<td valign="top" width="54">
3825
</td>
<td valign="top" width="88">
2
</td>
<td valign="top" width="113">
$148,500
</td>
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<td valign="top" width="83">
Mooroopna
</td>
<td valign="top" width="54">
3629
</td>
<td valign="top" width="88">
2
</td>
<td valign="top" width="113">
$149,000
</td>
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<td valign="top" width="83">
Mildura
</td>
<td valign="top" width="54">
3500
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<td valign="top" width="88">
2
</td>
<td valign="top" width="113">
$149,000
</td>
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<td valign="top" width="83">
Morwell
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<td valign="top" width="54">
3840
</td>
<td valign="top" width="88">
2
</td>
<td valign="top" width="113">
$152,500
</td>
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<td valign="top" width="83">
Numurkah
</td>
<td valign="top" width="54">
3636
</td>
<td valign="top" width="88">
2
</td>
<td valign="top" width="113">
$154,500
</td>
</tr>
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Newborough
</td>
<td valign="top" width="54">
3825
</td>
<td valign="top" width="88">
2
</td>
<td valign="top" width="113">
$155,000
</td>
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A one bedroom unit at <a href="https://www.realestate.com.au/property-unit-vic-traralgon-124117462" target="_blank">2/4 Murphy Crescent</a> (above) is for sale for $115,000.
A one bedroom unit at <a href="https://www.realestate.com.au/property-unit-vic-traralgon-123699014" target="_blank">12/18 Gwalia Street</a> (below) is for sale for $110,000.
<img src="/images/2016/12/15/12_18%20Gwalia%20Street.jpg" alt="">
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Traralgon the cheapest locality in Victoria to buy a unit: Investar

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One of the last remaining development sites in central Traralgon in Victoria's Gippsland region is on the market.
It is expected to fetch more than $3 million.
The <a href="https://www.realcommercial.com.au/property-land+development-vic-traralgon-501734170" target="_blank">14-28 Dunbar Road</a> mixed use site covering 30,900 square metres offers a range of development options, including high-density residential, retail, commercial, and aged care.
The property will be sold by expressions of interest closing November 11.
The listing agents are Julian Heatherich and James Lockwood of Savills Australia, along with Justin Clarkson of Clarkson Commercial.
"Dunbar Road forms part of the Traralgon Inner City South Precinct, a precinct designated to deliver medium density residential and employment use development opportunities," Heatherich said.
The three hectare site has a combined 326 metres street frontage, is largely vacant with the exception of several warehouse-style buildings, is close to Traralgon’s town centre and railway station.
Lockwood said estimates of current residential land supply suggested Traralgon had only a four-year supply.
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