The Mornington Peninsula has countless areas that are starting to become extremely popular and expensive, but there are some areas that are still flying under the radar and are a great starting point for your property portfolio.
Carrum Downs is located just north of Frankston in one of the fastest developing areas on the Peninsula. Not only do you have quick access to the main arterials to Melbourne, you are only a few minutes drive from the beaches of the bay and the wineries of the Peninsula, which brings a lifestyle like no other.
If you’re a first home buyer looking to break into the property market, Carrum Downs is a place you should seriously consider. A suburb on the rise, we have seen a substantial increase of young families moving into the area as the prices are too good to miss right now. Picking the right home for your situation is where your decision will ultimately lie.
The lifestyle of Carrum Downs is a big selling point to buyers. With convenient local shopping centers, public and private schools, local golf courses and being so close to the beach and wineries, it is still an affordable location for investors and first home buyers alike. With plenty of new developments to choose from, you can situate yourself for your perfect lifestyle whether you work locally or in the CBD.
Carrum Downs has seen a price rise in housing from $330,000 in 2010 to now $530,000 on average, which shows strong growth over a short period of time. Renting sits at an average of $375 for a 3 bedroom home, which makes it quite affordable to live in the area right now. With plenty of parks and farms around also, you don’t have to give up the country lifestyle. Sandhurst Golf Club is situated just a stone’s throw away and gives you the opportunity to head out on the course just a minute from home.
Carrum Downs has started to become more popular for those looking to start their property portfolio and it’s still affordable enough to do so, but won’t be for long. If you’re looking to get into the property market here, we suggest you do it as soon as you can and we’d love to talk to you about how you can go about making this area your home.