Lot 314 Palomino, Armstrong Creek VIC (A)

Armstrong Creek, Greater Geelong, VIC, 3217

$ 849,746

Armstrong Creek, Greater Geelong, VIC, 3217
Dual Occupancy Investment Property in Armstrong Creek, VIC (5.94% Yield) | Aus Investment Properties - Photo 1

Property Images

Dual Occupancy Investment Property in Armstrong Creek, VIC (5.94% Yield) | Aus Investment Properties - Photo 1
  • Dual Occupancy
  • Property Type
  • 3+2
  • Bedrooms
  • 2+1
  • Bathrooms
  • 2
  • Cars
  • 204

Details

Updated on Sep 30, 2026

Property Type: Dual Occupancy
Price: $ 849,746
Land Price: $ 415,000
Build Price: $ 434,746
Gross Per Week: $ 970**
Gross Per Annum: $ 50,440
Gross Yield: 5.94%
Capital Growth 12 Months: 7.73%
10Yr Annualised Growth: 4.14%
Vacancy Rate: 2.07%
Property Size: 204 m2
Land Area: 394 m2
Bedrooms: 3+2
Bathrooms: 2+1
Parking: 2
Title Status: Q4 2026
Property ID: 39162
SKU: 1073

Description

This Dual Occupancy in Armstrong Creek presents a rare opportunity to secure a modern, high-growth investment. Featuring 3+2 bedrooms, 2+1 bathrooms and 2 car space/s, it blends lifestyle comfort with strong rental appeal. Every detail has been designed to combine style with practicality, making it attractive for both tenants and future buyers. Positioned in one of Australia's fastest-growing areas, this property is built for long-term value and immediate results. A standout choice for anyone seeking both security and growth.


Suburb profile:

Armstrong Creek is one of Victoria's fastest-growing residential corridors, located just minutes from Geelong and within easy reach of the Surf Coast. The suburb combines modern amenities with a strong sense of community, making it ideal for families, professionals, and students alike. With new schools, shopping precincts, and transport infrastructure under development, Armstrong Creek continues to attract strong rental demand and long-term capital growth potential.


Inclusions:

  • 100% fixed site costs including up to P1 class slab and piering
  • Rock excavation and removal allowance
  • All-electric home with 7-star energy rating
  • 10-year structural warranty
  • 2590mm ceiling height
  • Colorbond roof
  • 20mm stone benchtops to kitchen, bathroom, ensuite and laundry
  • Cabinetry to kitchen including above refrigerator
  • Elegant free-standing bath and designer basins and tapware
  • Extended 2000mm semi-frameless shower with tiled base
  • Front, side and rear landscaping
  • Full-share fencing
  • Concrete driveway and porch
  • Letterbox and clothesline
  • 5.0kW split-system air conditioner to family and living area
  • Blockout blinds to all windows
  • Flyscreens to all openable windows
  • Stainless steel modern inbuilt cooktop and oven with canopy rangehood and dishwasher
  • NBN connection and community infrastructure levy
  • Complimentary independent building inspections
  • All developer requirements including recycled water, rainwater tanks, eaves, BAL 12.5, facade requirements and corner treatment where required

This property represents a balanced investment, offering both lifestyle comfort and strong growth potential. Its design, location and functionality make it a dependable choice for investors and homeowners alike. A smart decision for those looking toward the future.

Investors looking to optimise land use and amplify their investment portfolio will find great value in Dual Occupancy Properties.

These properties cleverly accommodate two independent dwellings on a single parcel of land, effectively doubling the potential for rental income.

The design caters to a broad market, including extended families and tenants seeking spacious living options, thereby increasing the property's rental appeal.

The strategic configuration of these properties allows investors to capitalise on the growing demand for versatile housing solutions in both urban and suburban settings.

Floor plans

Dual Occupancy Investment Property in Armstrong Creek, VIC (5.94% Yield) | Aus Investment Properties - Floor Plan 1

Forecasted value over 20 Years

Forecasted value is based on the 10 Year annualised growth.

Address Lot 314 Palomino, Armstrong Creek VIC (A)
City Greater Geelong
State VIC
Postcode 3217
Suburb Armstrong Creek
Estate Palomino

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Capital Growth 12 months, measures the increase in a property’s value over the previous 12 months, indicating how much the investment has appreciated in that timeframe.

Capital Growth 10-year annualised, reflects the average annual increase in a property’s value over the last decade, smoothing out short-term fluctuations to show long-term appreciation trends.

Vacancy Rate, indicates the percentage of properties that are currently unoccupied in that postcode, It’s a key indicator for investors to assess the rental demand.

SMSF Property Investing, when investing inside your SMSF there are some restrictions on how you can purchase investment properties. We use the following information to help navigate the SMSF investment property options.

This property is a single-contract property suitable for an SMSF.

SMSF Single Contract

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