Lot 924 Palustris Street Armstrong Creek, VIC 3217
Armstrong Creek, Greater Geelong, VIC, 3217$ 896,800
Overview
Property ID: LA-23576
- Co living
- Property Type
- 4
- Bedrooms
- 3
- Bathrooms
- 2
- Cars
- 234
Details
Updated on May 22, 2026 at 12:13 am
| Property Type: | Co living |
|---|---|
| Price: | $ 896,800 |
| Land Price: | $ 432,000 |
| Build Price: | $ 464,800 |
| Gross Per Week: | $ 925 |
| Gross Per Annum: | $ 48,100 |
| Gross Yield: | 5.22 - 5.51% |
| Capital Growth 12 Months: | 7.99% |
| Capital Growth 10 Year Annualised: | 4.14% |
| Vacancy Rate: | 1.35% |
| Property Size: | 234 m2 |
| Land Area: | 448 m2 |
|---|---|
| Bedrooms: | 4 |
| Bathrooms: | 3 |
| Parking: | 2 |
| Title Status: | Q4 2026 |
| Property ID: | BP-2986540 |
| SKU: | 1045 |
Features
- 2700 mm Ceiling Height
- Additional Ensuite
- Coloured concrete driveway upto 35sqm
- Colourbond roof
- Fixed site cost upto 500 mm fall
- Double Glazed windows
- Eaves in the front of the house with 3 m return
- 900 mm cooktop, canopy and oven
- 2 remote control to the double garage
- Brickwork over doors and windows
- Laminate wooden flooring to the living areas and corridors
- LED downlights throughout the house
- NBN/ Opticom connection
- Recycled water connection
- Co living Furniture Pack
Description
Positioned within the growing suburb of Armstrong Creek, this Co Living offers a modern solution for comfortable living and smart investment. With 4 bedrooms, 3 bathrooms and 2 car space/s, it provides a layout that supports both functionality and lifestyle. Its design focuses on ease of living, making it attractive to a wide range of tenants and buyers. Backed by strong growth potential, it stands as a reliable and future-ready property. An ideal addition to any portfolio.
Armstrong Creek is a rapidly growing suburb in Greater Geelong, offering modern estates, quality schools, and strong lifestyle appeal. With shopping centres, parklands, and easy access to the Geelong CBD and Surf Coast, the area attracts consistent rental demand. Ongoing infrastructure investment continues to support population growth and long-term capital appreciation.
With its strong rental appeal and long-term growth prospects, this Co Living in Armstrong Creek is positioned for success. It offers both stability and opportunity, making it an excellent addition to any property portfolio. A reliable investment in a growing market.
A co-living property is a type of shared accommodation that offers private bedrooms with ensuite bathrooms and communal spaces such as kitchens, living rooms, dining areas, laundry facilities and outdoor areas.
Co-living properties are designed to foster a sense of community, convenience and comfort among the residents, who can enjoy the benefits of having their own space as well as socialising with like-minded people.
A co-living property attracts tenants who are looking for an affordable, flexible and hassle-free living option that suits their lifestyle and needs.
Co-living tenants are typically young professionals, students, digital nomads, entrepreneurs, creatives and seniors who value convenience, connectivity and collaboration.
A co-living property offers benefits to an investor who is looking for a high-yield, low-risk and future-proof investment opportunity.
Co-living properties have a higher occupancy rate, lower vacancy rate and lower turnover rate than traditional rental properties, as they cater to the growing demand for affordable and flexible housing solutions in urban areas.
Co-living properties also have higher capital growth potential, as they are generally located in prime locations with access to transport, education, employment and entertainment hubs.
You can read more about Co-Living here: https://ausinvestmentproperties.com.au/blogs/co-living-the-future-of-australian-housing
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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