Lot 726 - Co-Living Banyan Place W/ 5-Year Rental Guarantee - Officer

Description

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A place to belong, Banyan Place is positioned in Officer, in South East Melbourne. It offers a unique combination of easy access to vast, open spaces of nature while only being a stone’s throw from the essential touchpoints that make life comfortable — ensuring your valuable time is spent with family and friends.

To take your first steps towards a beautiful life at Banyan Place.

Officer, located approximately 48 kilometers southeast of Melbourne's Central Business District, is a rapidly developing suburb within the Shire of Cardinia. Historically known for its timber and brickmaking industries, Officer has transformed into a burgeoning residential area while retaining its semi-rural charm.​

The suburb offers a variety of local amenities, including several parks and recreational facilities. Notably, Dragon Park was recognized as Victoria's Favourite Playground in 2021. The Comely Banks Recreation Reserve, currently under construction, is set to feature multiple sports pitches, a pavilion, and open spaces for community use. ​

For shopping needs, residents frequent the Arena Shopping Centre, which houses major retailers, a supermarket, and various dining options. Plans for the Officer Town Centre promise to further enhance retail and recreational offerings in the near future. ​

Education is a strong focus in Officer, with numerous schools catering to different levels. These include Officer Primary School, Officer Secondary College, and private institutions such as St. Francis Xavier College and Minaret Islamic College. The abundance of educational facilities makes the suburb particularly appealing to families. ​

Transportation is convenient, with Officer railway station providing access to Melbourne and surrounding areas. The suburb is also well-connected by the Princes Freeway and Princes Highway, facilitating easy commutes. 

• Property Type: House and LandCashflow PositiveCo-Living
• Property Stage: N/A
• Price: $ 776,167.00
• Land Price: $ 390,000.00
• Build Price: $ 386,167.00
• Beds: 3
• Bath: 3
• Garage: 2
• Storey: 1
• Study: N/A
• Power Rooms: N/A
• MPR: N/A
• Powder Room: N/A
• Balcony: N/A
• Floor Plan: Wollahra
• Completion: N/A
• Land Size: 294
• Area Size: 167.47
• Year Built: N/A
• Est. Rates: N/A
• Est. Rent PW: 900.00
• Est. Body Corp.: N/A
• Title Status: Registered
• Gross Per Week: $ 900.00
• Gross Per Annum: $ 46,800.00
• Gross Yield: 6.03%
• Capital Growth 12 Months: 3.26%
• Capital Growth 10 Year Annualised: 5.41%
• Vacancy Rate: 0.76%