Our recently released three bedroom, 2 bathroom townhouse in Mooroolbark ticks all the boxes for smart property investors looking to add a quality property to their portfolio.

Here is an opportunity to beat the rising market in an area with:

– strong capital growth of 9.5% over the past year
– rental vacancy rates are below 1%
– good rental yields around 5%
– and current expected rental return of $400-420 per week.

Save more than $20,000

Buying early and off the plan means there is no stamp duty costs, so a massive saving of more than $20,000. Plus you also have the opportunity for capital growth before settlement.

There is also the benefit of capitalising on the full depreciation schedule of a new property.

You could buy this in your self-managed super fund and watch it grow your asset base.

The townhouse is close to transport and shops, and will appeal to a broad range of renters – from retirees with grand kids that may stay over, families and house sharers.

Close to all the local amenities

Everything you could want is an easy stroll or short drive away, including Mooroolbark train station, shops and cafes, gym, swimming pool, parks, golf courses, sports clubs, Maroondah and Ringwood hospitals, 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.

This one ticks all the boxes.

Run it through your calculator now and act quick to add this to your portfolio.

Contact Tony Smith at Max Brown Real Estate on 0411 424 964 or email tonys@maxbrown.com.au

See our full listing here http://www.realestate.com.au/property-townhouse-vic-mooroolbark-119603499