179 Palm Springs RoadRavenhall VIC 3023
Property Details for 179 Palm Springs Rd, Ravenhall
Last Listing description (March 2020)
CBRE on behalf of 888 Property Group, is pleased to offer 179 Palm Springs Road, Ravenhall, for sale.
Key features of the property include;
+ Unlimited development opportunity
+ Industrial 3 Zoning (IN3Z)
+ Excellent truck access
+ Adjoining the new Horizon Business Park being developed by market leader, Dexus.
The location offers the following benefits;
+ Unrivalled freeway access with only one turn off the Western Freeway
+ Excellent public transport with Caroline Springs train station within walking distance (25 mins travel time to CBD)
+ 17.5km* to the Port of Melbourne, Australias largest container port
+ 21.5km* to Melbourne's CBD
+ 14km* to Melbourne's International Airport
Please contact the exclusively appointed CBRE agents for further details.
Expressions of Interest closing 30th April 2020.
*approximately
Property History for 179 Palm Springs Rd, Ravenhall, VIC 3023
- 05 Mar 2021Sold for $18,020,112
- 13 Mar 2020Listed for Sale Contact Agent
- 13 Mar 2019Sold for $13,580,000
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About Ravenhall 3023
The size of Ravenhall is approximately 13.6 square kilometres. It has 6 parks covering nearly 8.5% of total area. The population of Ravenhall in 2011 was 688 people. By 2016 the population was 1,162 showing a population growth of 68.9% in the area during that time. The predominant age group in Ravenhall is 20-29 years. Households in Ravenhall are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ravenhall work in a trades occupation. In 2006, 25% of the homes in Ravenhall were owner-occupied compared with 74.4% in 2011.
Ravenhall has 1,306 properties. Over the last 5 years, Houses in Ravenhall have seen a 140.54% increase in median value, while Units have seen a 42.71% increase. As at 31 July 2024:
- The median value for Houses in Ravenhall is $825,253 while the median value for Units is $665,829.
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