Lot 2923, Five Farms Estate Clyde North, VIC

“Clyde North 5-Bedroom Co-Living Home with 9.7 % Yield & Turn-Key Delivery”

Property analysis by:

Investment Highlights

• Exceptional cash flow: independent rental appraisal $1,800 – $2,000 pw (average $1,900 pw) generating ≈ $98,800 pa and a 9.7 % gross yield on the turnkey price of $953,950.
• High-demand co-living design: five ensuite bedrooms, each with reverse-cycle A/C — maximising rent and minimising vacancy.
• Turn-key, fixed-price contract: land $450 k + build $503,950 includes stainless appliances, full landscaping, fencing, driveway, blinds, flyscreens and more — no hidden costs.
• Strategic growth location: Clyde North sits in Melbourne’s south-east growth corridor within the City of Casey, forecast to add 185,000+ residents by 2046 (+43 %).
• Tight rental market: vacancy rate ~2.4 %, well below the Victorian average.
• Above-market yield: local houses rent for ≈ $595 pw at ~4.3 % yield; this asset more than doubles that return.
• Master-planned estate: Five Farms delivers parks, wetlands, future town centre, proposed Clyde rail extension and direct links to Monash Fwy and Cranbourne shopping.

Project Overview

Address: Lot 2923, Five Farms Estate, Clyde North, VIC
Land: 400 m²  Build: 225 m²
Configuration: 5 bed | 5 bath | 2-car DLUG
Total package price: $953,950

Financial Summary

Market Fundamentals

• Median house price: $725,000 (12-month median to May 2025).
• Annual house price growth: compound 0.7 % (steady despite higher interest-rate cycle).
• Median house rent: $600 pw, indicating a significant premium achievable through co-living configuration.
• Vacancy rate: 2.4 %, signalling robust tenant demand.
• Infrastructure pipeline: Clyde Rail Extension (business case funded), Thompsons Rd & Clyde Rd upgrades, new Clyde North Town Centre and local school/health precincts.
• Population growth: Casey LGA expected to rise from 429 k (2025) to 614 k (2046) — 2 % CAGR.

Inclusions & Build Quality

• Stainless-steel kitchen suite • Vinyl plank flooring • LED down-lights throughout
• Reverse-cycle A/C to every bedroom & living • Driveway, fencing, landscaping, letterbox, clothesline
• All site works and standard construction costs included — truly turn-key

Risk & Mitigation

• Interest-rate risk — mitigated by superior cash flow (9.7 % yield) providing larger buffer.
• Tenant demand risk — addressed by five individual ensuites appealing to professionals and students, plus sub-3 % vacancy backdrop.
• Supply risk — fixed-price build contract locks costs; Five Farms release schedule controls lot supply.
• Exit liquidity — median house price 24 % below Melbourne median, broadening buyer pool.

Capital-Growth Outlook & Exit Strategy

Continuous population inflows, major infrastructure spend and limited land release beyond the Urban Growth Boundary position Clyde North for solid, defensive growth. The high yield allows investors to hold long term; alternatively, individual rooms can be let or the home converted to a standard lease for an easy resale exit.