To receive a copy of an indicative investment assessment including rental returns and capital growth enter your email below and we will send them to you straight away.
Located in a growing area of Melbourne, with a recent history of strong capital growth, a healthy rental market and close to good schools, transport and employment hubs like Ringwood and Box Hill, Paperbark Place in Mooroolbark ticks all the boxes.
Mooroolbark is experiencing the ripple effect on property values as neighbouring suburbs Ringwood and Croydon continue to enjoy rising sales prices.
Strong Growth. Good returns. Great Location.
Rental vacancy rates are low and yields are increasingly above five percent. Investors looking to buy property below market value will be interested in the early deals being offered in the stage 1 release of stock. Coupled with stamp duty savings of more than $15,000 and potential capital growth, you could secure a property at today’s prices and enjoy the benefits of the completed property valuation upon settlement.
Twenty five percent of the stage 1 release is already sold, with owner-occupiers seizing the chance to buy into this boutique townhouse development. Smart investors now have an opportunity to get in at the ground floor before stage 1 is sold out and construction begins, and sales prices start to rise.
Investment options to suit you
It is now very difficult to buy quality new 2 bedroom property close to Mooroolbark town centre for less than $400,000. A range of floor plans and prices offer flexibility in terms of your budget and desired rental return. A number of 2 bedroom, 2 bathroom properties are ideal for renters, offering options for couples or sharing. Our architects have come up with a timeless, contemporary design that is sure to remain appealing for decades to come.
Capital investment in the area
Significant government investment is underway in the area including the recently completed $2.5 million refurbishment of the Mooroolbark train station and upgrades to the local road network. Further local improvement programs are underway.
Great location
Paperbark Place is located an easy stroll or short drive away from Mooroolbark train station, shops and cafes, swimming pool, parks, golf courses, sports clubs, Maroondah hospital, Ringwood Private Hospital, doctors’ clinics and health centres, kindergartens, primary and secondary schools, a Swinburne University campus in Croydon, and transport links like Eastlink and the Maroondah highway.
To receive a copy of an indicative investment assessment including rental returns and capital growth enter your email below and we will send them to you straight away. If you would like to speak with our agent about investing in one of the stage 1 release properties please contact Tony Smith from Max Brown Croydon on 0411 424 964 or tonys@maxbrown.com.au and he’ll be happy to answer any questions you may have.
