Lot 1609, Ooranya Beveridge, VIC

“Beveridge 3-Bedroom SMSF Package with Turn-Key Build, $23.4 k Income and 2.8 % Yield in Melbourne’s Northern Growth Corridor”

Property analysis by:

Investment Highlights

• Priced at $645 000 with $23 400 p.a. gross rent already appraised – that’s a 2.8 % headline yield (builder’s conservative figure) and scope for ~3.8 % based on Beveridge’s current median rent of $480 pw.
• SMSF-ready turnkey contract: fixed-price build, full landscaping, solar PV and zero-silica stone benches – ideal for hands-off investors.
• Located in the Ooranya master-planned estate, Beveridge – one of Melbourne’s fastest-growing northern suburbs, 45 km from the CBD.
• Population & infrastructure tail-winds: Beveridge Intermodal Freight Terminal (stage-one target 2025) and the planned Outer Metropolitan Ring (E6) will unlock thousands of jobs and faster freight links.
• Low vacancy & tight supply: Mitchell Shire vacancy near 1 % and rents have risen 5.9 % p.a. over the past five years.
• Median house price $595 k; 12-month growth +2.8 % – giving you instant equity-uplift potential on completion.

Key Financials

Purchase price: $645 000
Configuration: 3 bed | 2 bath | 1 garage
Land / house size: 317 m² / 123.99 m²
Rental appraisal: $430 – $450 pw (independent) | Median suburb rent $480 pw
Annual gross income: $22 360 – $23 400
Gross yield range: 3.5 % – 3.9 % (suburb) | 2.8 % (builder-quoted)
Vacancy rate: ≈1 % (Mitchell Shire)
Stamp duty (Vic off-the-plan, est.): ≈$27 k – concessions may apply
Depreciation benefit: ≈$9 k p.a. over first five years (QS schedule recommended)

Location & Growth Drivers

Beveridge sits inside Melbourne’s Northern Growth Corridor, a precinct earmarked to accommodate 260 000 additional residents by 2040. The forthcoming Beveridge Intermodal Freight Terminal will establish a 1 800 m freight-rail hub and logistics park, adding an estimated 20 000 direct and indirect jobs once fully operational. The planned Outer Metropolitan Ring (E6) freeway & rail corridor will connect Beveridge to the Western Highway and Hume Freeway, slashing freight times and commuter journeys.

Demand is strengthened by new education facilities (Hume Anglican Grammar – Kalkallo campus, Beveridge Primary) and a future Beveridge train station flagged in the Victorian Rail Plan. With median house rents at $480 pw and population growth running at 4 % p.a., vacancy remains under pressure, underpinning rental escalations.

Build Specification (Turnkey)

• Zero-silica stone bench-tops (kitchen & bathrooms)
• 900 mm stainless oven, cook-top & range-hood
• Timber-look laminate, tiles & quality carpet flooring
• LED down-lights throughout
• Ducted gas heating + split-system A/C to family
• 6.6 kW solar PV (per energy report)
• Remote garage door, fly-screens, window locks
• Full landscaping, fencing, coloured-concrete driveway, path & alfresco
• Letterbox & folding clothes-line

Why This Deal Stacks Up

1. SMSF-friendly price-point ≤ $650 k fits typical borrowing limits while diversifying your fund into new-build residential with depreciation.
2. Infrastructure-led capital growth from the intermodal terminal & OMR freeway – multibillion-dollar catalysts rarely available this early.
3. Conservative yield upside to ~3.8 % on completion, lifting cash-on-cash returns.
4. Turnkey delivery de-risks overruns via fixed price, full-spec inclusions and builder’s 25-year structural guarantee.
5. Tight vacancy & rising rents (sub-1 %) create pricing power at lease renewal.

Risks & Mitigations

• Build-timeline slippage: progress payments tied to staged completions; builder carries liquidated-damages clause.
• Interest-rate risk: stress-test serviceability at +1 %; SMSF loans typically P&I 5-year fixed.
• Rental soft patch: maintain lease-ready handover and consider incentives if required.
• Exit liquidity: median days-on-market 32 for houses, buoyed by FHB demand sub-$700 k.