Buyers Agent's Are Lying To You

Buyers agent’s generally are ethical and aim to help the customers buy their dream property however some agents get kickbacks, sell off the plan properties and make poor investment choices and you always need to check their facts.

Suburb Details:

Now I will not name and shame, but I have it on good authority from multiple sources that buyers agents are pushing and advising customers to purchase in this new Melbourne suburb called Truganina. As a property investor your aim is to achieve strong capital growth while receiving ideally good or neutral cashflow. This suburb achieves neither. But this also serves as a good case study to advise you on what not too look for when purchasing an investment property. This suburb is riddled with red flags and nor the micro or macro data factors line to make purchasing in this suburb a good idea.

Key Data Metrics

Location & Infrastructure

Truganina is a growing suburb in Melbourne, Victoria, located approximately 22 kilometers west of the Melbourne Central Business District. The suburb is characterized by its mix of residential developments and expanding industrial zones. Key infrastructure includes several educational institutions, such as Truganina P-9 College and Garrang Wilam Primary School. Truganina is served by public transport, with bus routes connecting to nearby train stations like Tarneit and Williams Landing, providing easy access to the city. The suburb features a range of amenities, including shopping centers such as Wyndham Village Shopping Centre and Tarneit Central Shopping Centre. Health services are accessible with local medical clinics and nearby Werribee Mercy Hospital. Additionally, Truganina offers various parks, recreational facilities, and community centers, promoting an active and engaging lifestyle for its residents.

Other Important Factors:

1st Red Flag - Truganina has huge pockets of available land that can be zoned or re-zoned into low residential areas for developers to build large amounts of supply. In fact we can already see that developers have purchased large blocks of land and selling off the plan property to people. This will stagnate house prices and future capital growth.

2nd Red Flag - Days on market, stock on market and vacancy rate are all trending up meaning that there is no house price pressure or pressure on the rental market. When nationally we are sitting below 1% to have a vacancy rate above 2% is not great. This is will cause rent prices to stagnate making it difficult to mind quality tenants despite the area having a higher average income.

3rd Red Flag - Buyers agents are selling off the plan properties to clients, getting kickbacks from the developer and these clients won’t see returns for the foreseeable future. Highly advise you have a second opinion or do your own due diligence before purchasing here.

Nearby Major Projects:

• Major Projects - Link

Pro’s Of Investing In Truganina

• New suburb and close the city.

Con’s Of Investing In Truganina

• Large pockets of developable land supply. Large number of building approvals → will dampen house prices.

• High number of days on market, stock on market and vacancy rate.

• Buyers Agents selling off-the plan properties and receiving kick backs from developers.

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