Ironfish’s latest opportunity in Craigieburn lies within Eastside, an infill townhouse development right in the heart of the action of the impressive Highlands Estate. Eastside takes advantage of all of Craigieburn’s many conveniences – just a 5-minute drive from Craigieburn’s train station, and within walking distance of an incredibly array of amenity including the substantial Craigieburn Central shopping centre, the Craigieburn Library, Medical Centre, Splash Aquatic Centre and the Spring Athletics Centre.
Investors will also note that rental returns in Craigieburn and the surrounding area currently average 3.9% for houses, while existing townhouses within the Eastside development are returning a strong 4.82% average yield for Ironfish investors already within the estate. This makes Eastside townhouses much easier to hold from a cashflow perspective compared houses in the local area – especially at a time when interest rates are sitting under 3%.
Offering every modern-day convenience at your doorstep, along with a 20-year history of strong capital growth, current low vacancy, and strong yields, it is easy to understand the appeal of Eastside.
“Craigieburn is a suburb we have been involved in for a number of years now. The growth we have seen across the market is reflective of the appeal of the area, particularly for the owner occupier market. Being only 28km from the Melbourne CBD yet being able to secure a brand-new townhouse starting from $415,000 is really quite an attractive proposition. We are pleased to be able to present to our investors the final stage of this unique Eastside estate” said Ironfish Head of Property, William Mitchell.
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