An approved council-led precinct, City of Hume · Amendment C274

Why here

Who this precinct actually suits.

A boutique approved precinct of around 250 new homes in one of the north-west's most established prestige suburbs. Here is how that reads for three types of buyer.

Indicative streetscape at Somerton Road, Greenvale
Artist's impression — indicative only.

First home buyers

  • Fixed-price house and land packages make budgeting simpler than buying established.
  • Stamp duty concessions and first home buyer schemes can apply to new builds.
  • An established suburb with shops, schools and transport already in place.

Investors

  • Est. gross yield around 4.0% with est. annual growth around 9.2%.
  • New builds attract depreciation benefits and lower early maintenance costs.
  • A small precinct of around 250 homes limits the volume of competing stock.

Families and upgraders

  • A suburb with a median age of 35 and average household size of 3.2.
  • Larger lots with room for double garages, side access and bigger floorplans.
  • Parkland, sporting facilities and established schools within a short drive.

General information only. Confirm eligibility for grants, concessions and schemes with the State Revenue Office and your own advisers.

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