Valda Crescent Darley, VIC

“Darley Co-Living SMSF Package with High Yield & Flexible Tenancy in Melbourne’s Growth Corridor”

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Investment Highlights

• Priced at $889,000 with $114,400 p.a. gross income – achieving a substantial 12.87% yield based on rental estimates for three separate living areas.
• Multi-tenant investment with three separate studios offering flexibility in tenancy arrangements – one designated for Specialist Disability Accommodation (SDA) and the other two for long-term tenants.
• SMSF-ready turnkey contract: fixed-price build, including all key inclusions such as stone benchtops, private living and kitchen areas, and full landscaping.
• Located in the fast-developing Darley area, part of the Greater Melbourne growth corridor, making it attractive to both tenants and future buyers.
• Proximity to Melbourne (51 km), with an increasing demand for affordable housing options in outer suburbs, resulting in consistent rental demand and capital growth potential.
• Strong rental returns with a weekly income of $2,200 from three fully self-contained units, offering a unique opportunity for a diverse income stream.

Key Financials

Purchase price: $889,000
Configuration: 3 separate living areas with kitchens and laundries
Land / house size: 400 m² / 206 m²
Rental appraisal: $1,380 (SDA) + $420 (long-term) + $400 (long-term) per week
Annual gross income: $114,400
Gross yield: 12.87%
Vacancy rate: 1.8% (current data)
Stamp duty (Vic): ≈$47,000
Depreciation benefit: ≈$8,000 p.a. (QS schedule recommended)

Location & Growth Drivers

Darley is an emerging suburb in the Greater Melbourne area, experiencing significant growth and increasing demand for affordable housing. Located just 51 km from Melbourne CBD, it is attracting families and investors seeking proximity to the city without the premium price tag.

The area benefits from strong infrastructure development, with improving transport links and schools, as well as future projects within the Moorabool Shire. Darley also has a growing local population and is seeing rising demand for rental properties, particularly in multi-tenancy and SDA housing options. The suburb's vacancy rate is at a manageable 1.8%, and with the area showing a positive trajectory in housing prices, rental demand is expected to remain strong.

Build Specification (Turnkey)

• Three private living areas, each with its own kitchen and laundry
• Stone benchtops throughout
• Laminate flooring in living areas and bedrooms
• Split-system heating and cooling in all units
• Fully landscaped front and rear yards
• Driveway and fencing installed as per plans

Why This Deal Stacks Up

1. High yield of 12.87% is far above the average for similar properties in the area, creating strong cash flow potential.
2. Multi-tenant structure with one SDA-compliant unit and two long-term rental units, offering diverse income streams and making it an attractive choice for both investors and tenants.
3. SMSF-friendly turnkey package simplifies the investment process with fixed pricing, quality finishes, and full compliance with regulations.
4. Strategic location in Darley, which is benefiting from a combination of infrastructure improvements and the growing appeal of outer Melbourne suburbs.
5. Strong demand for SDA properties due to the growing NDIS sector, ensuring long-term tenancy stability.

Risks & Mitigations

• Potential for build delays: The builder offers a fixed-price contract with clear timelines, and a 25-year structural guarantee to mitigate risks associated with construction delays.
• Interest rate fluctuations: The investment has been stress-tested at a 1% increase in interest rates, ensuring it remains financially viable even in a changing lending environment.
• SDA tenant matching: Disability Forever Homes will assist with tenant placement, ensuring a stable income stream and reducing the risk of prolonged vacancy.
• Capital gains risk: With Darley's population growing and housing prices steadily increasing, the risk of capital depreciation is low.