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Fashoda

Introduction

1. Introduction

  •     - Boutique 62 lot freehold development with historic homestead on site
  •     - 25kms from Melbourne CBD and freeway links makes for an easy commute
  •     - Tailored towards couples and families
  •     - Tranquil countryside surrounds whilst on the doorstep of major infrastructure and amenities
  •     - Full turnkey 4 bedroom, 2 bathroom 2 car internal access garage
  •     - European appliances, stone bench tops and designer kitchens
  •     - Alfresco outdoor entertaining and dining areas
  •     - Fully landscaped front and rear gardens
  •     - Solar hot water system
  •     - Split cycle air-conditioning unit
  •     - Two storey option – A$45k upgrade

2. Location attributes

  •     - Fashoda boarders exiting infrastructure
  •     - Private school right next door. 5 schools within 3km
  •     - Close to RMIT, Latrobe and Northern Melbourne satellite universities
  •     - Epping Plaza 230 specialty shops, 3 supermarkets
  •     - Westfield’s South Morang under construction – biggest in southern hemisphere
  •     - Epping is the northern CBD of Melbourne – City of Melbourne planning has Epping a core focus for future infrastructure spending

3. Property market

  •     - Medium house price for location is $404,000
  •     - Average rental yields are 5%
  •     - Stockland Group who are Australia’s biggest publicly listed property developer has invested a major stake into Mernda. Their house and land packages are more expensive as part of their large development is infrastructure like schools and shops which ultimately the cost is transferred to the buyers. Fashoda pig backs on their new amenities however buyers don’t pay for it. Lower priced housing.

4. Population Growth Forecasts

  •     - Australia’s 2nd fastest growth corridor (source City of Whittlesea, Completing the heavy rail extension to Mernda)
  •     - 60% population increase forecasted over next 17 years
  •     - In 2011, the total population of Mernda Doreen was estimated to be 19,821 people. It is expected to increase by over 32,400 people to 52,237 by 2021, at an average annual growth rate of 10.18%.
  •     - The average number of persons per household rising from 2.77 to 2.99 by 2021.

Project Details

Unique Selling Point


International

link-house

Residential

Individual

Freehold

Mernda, Melbourne

62

sq.ft sq.ft

1755 sq.ft

Ad-hoc


Sale

AUD 397,000 and above

2005

Resimax

Location Map

Contact Person

Jolene Teo   |  Tel: +6012-6331006   |   Email: jolene.teo@areproperty.com