Located in the brand-new Silverwood Estate in , this vacant block offers the perfect opportunity to build your dream home or investment house. With a great location & ample land space, this property is the ideal investment for those seeking to generate a steady passive income while enjoying a comfortable lifestyle.
Whether you are a seasoned property investor or a first-time buyer, this is a great opportunity not to be missed. With the ever growing popularity of AirBNB rentals, this block offers a chance to tap into a lucrative market, while also enjoying the benefits of living in a peaceful & tranquil environment. The location is within a short distance of all local amenities including Schools, Train Station, Hospital & Major Retail Outlets, making it a desirable residential area for both short & long term renters.
The size of Traralgon is approximately 56.3 square kilometres. It has 78 parks covering nearly 4.3% of total area. The population of Traralgon in 2011 was 23,834 people. By 2016 the population was 24,924 showing a population growth of 4.6% in the area during that time. The predominant age group in Traralgon is 20-29 years. Households in Traralgon are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Traralgon work in a professional occupation. In 2011, 69.5% of the homes in Traralgon were owner-occupied compared with 68.8% in 2016.
Traralgon has 15,233 properties. Over the last 5 years, Houses in Traralgon have seen a 62.37% increase in median value, while Units have seen a 54.09% increase. As at 31 October 2024:
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