Lot 502 Range Estate, Morwell, VIC

"Exceptional double-digit returns from this premium co-living property - the wealth-building powerhouse in Victoria's Latrobe Valley"

Property analysis by:

Investment Highlights

This premium co-living investment at Lot 502 Range Estate in Morwell presents a rare opportunity to secure a remarkable double-digit yield in Victoria's resource-rich Latrobe Valley. The property features a spacious 5-bedroom, 5-bathroom residence offering 299.98m² of contemporary living space on a 558m² land parcel, designed specifically for the growing co-living market.

Superior Financial Performance

The property demonstrates exceptional financial metrics that dramatically outperform standard residential investments:

• Industry-leading 10.19% gross rental yield - more than double typical metropolitan yields
• Professional rental appraisal confirming $1,600 weekly income
• Substantial annual gross income of $83,200 enabling significant positive cashflow
• Turnkey contract price of $816,192 representing excellent value for a high-income producing asset
• Land contract component of $225,000 with build contract at $591,192 offering potential tax benefits
• Expert rental assessment from Scott Banks Real Estate Group confirming strong rental demand

Complete Turnkey Package

This offering includes a comprehensive turnkey package minimizing additional investment and maintenance costs:

• Internal fencing for secluded courtyards
• Full share boundary fencing
• Front & rear landscaping
• 2550mm ceiling height
• Coloured concrete driveway & front path
• Split systems in each bedroom & living
• Hybrid vinyl-plank flooring to habitable rooms
• Fly screens to all opening windows
• LED downlights throughout

Prime Growth Location

Morwell represents one of Victoria's strategic regional centers with excellent fundamentals:

• Located in Victoria's energy and resource-rich Latrobe Valley
• Excellent transport links to Melbourne via road and rail
• Affordable entry point compared to metropolitan investment opportunities
• Strong rental demand evidenced by low vacancy rates of under 1.2%
• Significant government infrastructure investment in the broader region
• Diverse economic base including energy, manufacturing, healthcare, and education

Strategic Demographic Advantages

The region profile reveals key demographic indicators supporting strong ongoing rental demand:

• Growing healthcare employment base creating steady demand for quality rental accommodation
• Major employers including Latrobe Regional Hospital providing stable employment
• Increasing popularity of co-living arrangements among various demographic groups
• Attractive affordability drawing both working professionals and families to the area

Room Rental Demand

The room rental market in Morwell shows exceptional fundamentals for co-living investments:

• Strong demand for affordable accommodation options in this regional center
• Limited supply of purpose-built co-living accommodation creating market opportunity
• $320 per suite per week rental assessment from professional property managers
• All utilities, internet, furniture and amenities included in the rental model

Educational & Community Infrastructure

The town benefits from excellent community amenities:

• Comprehensive healthcare facilities including Latrobe Regional Hospital
• Educational institutions including Federation University and TAFE Gippsland
• Excellent sporting facilities catering to diverse recreational interests
• Beautiful natural environment with nearby national parks and outdoor recreation areas

Development Activity

The property is positioned in an area with stable, sustainable development:

• Steady development approvals showing consistent but measured growth
• Strategic planning framework guiding appropriate development
• Government investment in regional infrastructure supporting long-term growth

Market Timing Advantage

Current market conditions favor investment entry:

• Rising median rents with significant growth in the past 12 months
• Growing rental yield curve showing increasing returns for property investors
• Relatively affordable entry point compared to metropolitan alternatives
• Favorable vacancy rates of under 1.2% indicating strong rental demand

Investment Summary

The 5-bedroom co-living opportunity at Lot 502 Range Estate represents a premium investment combining exceptional immediate cashflow with solid long-term growth potential. The remarkable 10.19% rental yield dramatically outperforms traditional property investments, while the strategic location in one of Victoria's industrial heartlands provides strong fundamentals for ongoing rental demand.

For investors seeking both substantial immediate positive cashflow and long-term wealth creation through capital growth, this turnkey co-living property in Morwell delivers an exceptional opportunity to secure a position in one of Victoria's key regional centers.