Real Estate - Pakenham Gazette - 08th August 2018

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PRIVATE PARADISE PAGE 34

SUBURBAN, COUNTRY & LIFESTYLE PROPERTIES ACROSS THE REGION

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Wednesday, 8 August, 2018

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PROPERTY NEWS

UPGRADERS MAKE THE MOVE

By Narelle Coulter UPGRADERS are cashing in on capital gains made from homes in the growth corridor and moving to acerage in Gippsland or closer to the city.

Century 21 South Eastern CEO Craig Seymour said only five per cent of people who sell in Pakenham buy a subsequent property within the township.

“Ninety per sent of sellers either move closer to the city from whence they originated, or go to acreage near Drouin and Warragul,“ Mr Seymour said.

“Pakenham is not a suburb where people sell a smaller home and buy a bigger one.“ He said the story was similar for the owners of units. They too tend to sell and buy closer to the city or move to a more rural location.

According to RiskWise Property Research CEO Doron Peleg the cooling housing market has placed upgraders in a good position.

He said upgraders “can achieve bigger properties in better locations for a relatively reasonable price, and more importantly, they need a lower amount in order to upgrade, knowing they will enjoy long-term capital growth“.

However, to minimise the risk he warned they need to “sell before they buy to ensure they get the right price particularly if they only own a unit“.

Mr Seymour said the tightening of lending to both investors and owner occupiers and new deposit regulations for investors had produced a “tough“ market.

He said buyer activity in both Pakenham and Officer had slowed from a peak in January and February.

“It’s tougher for investors because they now need a minimum 20 per cent deposit.

In the early 2000s you could borrow 110 per cent.“

Upgraders are looking to invest in lifestyle properties like 33 Waratah Drive, Warragul, now being sold by Harcourts Warragul.

Mr Seymour said only 15 per cent of buyers in the Pakenham market were investors. Overwhelmingly buyers were looking for owner occupied properties.

However, he said buyers still viewed Pakenham and Officer as good value.

“To get into the market families are coming here from closer to the city. They want a particular style and type of house that if they were to buy in Ringwood,

Bentleigh or Keysborough would start with a one or a two.“ Mr Peleg said population growth would ensure Melbourne real estate would continue to yield healthy long term capital gains.

“As demographer Bernard Salt has predicted the population of Melbourne will pass five million by 2021 and eight million by 2050, and there is an obvious

COULDA, WOULDA, SHOULDA.

undersupply of properties suitable for families. It’s clear properties prices will remain steady and offer good long-term capital gains if upgraders act now,” he said.

“In addition, the employment market remains steady and this will trigger stronger migration, higher wage growth and stronger demand for housing. Unemployment has significantly improved from 6.5 per cent in April 2017 to 5.1 per cent in May 2018.” ●

Eildon Elite - Lot 135 From $389,000 2

DON’T MISS OUT ON THIS AMAZING LIFESTYLE.

1.5

1

This immaculately presented home is an entertainers delight, with a range of well-appointed features.

Thompson Elite - Lot 182 From $385,000

Enjoy 5-star resort-style community living for over 50s at Lifestyle Casey Fields. Surrounded by extensive parklands, golf courses and major shopping centres and entertainment precincts, the local amenities and facilities provide a plethora of attractions to enjoy. Closer to home, the facilities provided within the community include a Clubhouse featuring a pool, gym, cinema, bowling green and tennis court.

2

1.5

1

Generously proportioned throughout, this home offers the chance to experience stylish, low maintenance living.

Wimmera - Lot 127 From $340,000

Limited opportunities are currently available to secure a home within this vibrant, established community.

2

1300 50 55 60

1

1

Centrally positioned, this open plan light-filled home features ducted heating and timber look flooring. It has been lovingly maintained and is sure to appeal.

lifestylecaseyields.com.au

12394827-SN33-18

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pakenham.starcommunity.com.au

Pakenham 3 Ascot Court

Pakenham 3/47 Henry Street

For sale.

5940 4044

For sale.

5940 4044

$520,000 - $570,000

Suite 2, Level 1, 48 John Street, Pakenham obrienrealestate.com.au Brad Townsend 0458 960 000 Savan Patel 0426 709 631

$340,000 - $375,000

Suite 2, Level 1, 48 John Street, Pakenham obrienrealestate.com.au Brad Townsend 0458 960 000

• 4 spacious bedrooms – master with WIR & ensuite, 2 separate living areas • Open plan kitchen and meals area • Ducted gas heating and evaporative cooling, 3kw Solar power system • Double garage with internal access

Centrally located only a few short minutes’ walk to Pakenham’s main CBD, Market Place Shopping Centre and train station, this stunning unit packs quite the punch and will suit any one looking to down size, invest or get into the market.

F4 G2 H2

F2 G1 H1

Pakenham 4 Snodgrass Street

Pakenham 17 Woodbine Street

For sale.

5940 4044

For sale.

5940 4044

$450,000 - $499,000

Suite 2, Level 1, 48 John Street, Pakenham obrienrealestate.com.au Brendan Langley 0403 055 733

$450,000 - $490,000

Shop 3 11 John Street, Pakenham obrienrealestate.com.au Savan Patel 0426 709 631

Set in the heart of one of the fastest growing suburbs in the country and within walking distance to the Main Street shops, the train station and across the road from park lands and the bowling club plus many of Pakenham’s amenities.

F2 G1

• 3 spacious bedrooms, master with ensuite & walk in robe • Open plan kitchen/dining overlooking outdoor area, generous lounge area • Quality s/s appliances in kitchen • Landscaped front and rear yards

F3 G2 H2 12395600-CG33-18

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ON THE COVER

PRIVATE PIECE OF PARADISE NESTLED on a generous 6700 square metre block of gorgeous undulating useable land, this absolutely beautiful four bedroom home is your chance to escape the rat race and enjoy the peace and quiet of country living while still being within 15 minutes of the heart of Pakenham.

In this busy world that we live in, having a place to relax and get away from it all can be the difference in finding the balance and wellbeing that we all strive for in an otherwise hectic existence.

With four bedrooms, an open plan and spacious kitchen with stainless steel appliances, adjoining dining area, designated living space and multiple outdoor decking areas, this property offers the peace, quiet and comfort that many long for.

With these type of lifestyle properties in high demand and very few available, don’t hesitate to contact Banjo on 0438 333 382 to arrange an inspection today. ●

HOME ESSENTIALS Address: 1355 Pakenham Road, MOUNT BURNETT, VIC 3781 Description: 4 bedrooms, 1 bathrooms, 2 garage Price: $800,000 to $880,000 Inspect: Call Banjo to arrange inspection Contact: Banjo Vincent 0438 333 382, OBRIEN REAL ESTATE PAKENHAM

2920 Westernport Road, Drouin | 95.5 acrES

AU CT IO N

16 ACRE TONIMBUK LIFESTYLE RETREAT

12395556-RC33-18

HIGH QUALITY GRAZING/LIFESTYLE • Permit to build • Excellent fencing & laneway • 2 sets stockyards plus shedding • Carrying capacity 100+ cattle & cut hay & silage • 2 spring fed dams

$811,750 Don Olden 0417 805 312 Elders Korumburra 03 5658 1894 eldersrealestate.com.au/9893832

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eldersre.com.au

Real Estate

A home with character in all the right ways and a property you’d dream of with 16 acres of gently undulating paddocks, arena, stables, excellent shedding, spring fed dam and combination of post and rail and electric fencing.

A loading race and yards is in place and there is a wood shed, mini orchard, raised vegetable patches, chook shed and more.

This house truly feels like home with rustic and country style features yet upmarket, classy and timeless feel.

Large spacious rooms throughout with French doors in all the right places and a beautiful outlook from every room.

Outdoor entertaining is a pleasure here too!

Inspection will not disappoint. Best be quick. Sealed road and just 5 minutes back to the freeway and approx. 50 minutes to Melbourne.

780 TONIMBUK ROAd TONIMBUK

AUCTION: Saturday 8th September 2018 11.00AM TERMS: 10% deposit - 30/60 days Internet Id: 3873038

5622 3800 Cnr Smith & Queen St, Warragul

www.sej.com.au

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Wednesday, 8 August, 2018

325 Buchanans Road, Bena | 118 ACRES

com.au

SECLUDED & PRIVATE LIFESTYLE OPPORTUNITY • 5 bedroom modern brick home • Spacious living, timber floors, verandas • Highly productive grazing land • Dams & permanent creek • Korumburra 15 mins, Inverloch 25 mins

12395557-RC33-18

SEJ

eldersre.com.au

T 8P_

$890,000 Don Olden 0417 805 312 Elders Korumburra 03 5658 1894 eldersrealestate.com.au/18308479

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Warragul Warragul

12395602-32-18

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