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32 Origin Drive Tarneit, VIC 3029

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32 Origin Drive,
Tarneit, VIC 3029

Medical & Consulting • Development Sites & Land • Shops & Retail

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Eden Academy - 32 Origin Drive, Tarneit

Stonebridge Property Group is pleased to confirm the ‘off market’ sale of the Eden Academy in Tarneit.

The property was sold via a targeted off-market campaign to a childcare fund. The eventual price and yield of just under 5% reflects the ongoing confidence from both the private and corporate sector towards the childcare market, particularly given the significant funding from the state and federal government towards the childcare sector.

Given that the childcare centre is under construction and was sold “off the plan” the sub 5% yield is particularly strong and another indication for the market’s appetite for childcare investment products.

Long NET leases, fixed annual increases and substantial depreciation benefits continue to be major draw-cards for buyers towards the childcare sector together with government funding.

For any questions regarding the sale, please contact Stonebridge Property Group:

Rorey James
0439 400 0...

Kevin Tong
0422 848 8...

Property Code: 558

Tarneit, 3029 demographic data

The median household income for Tarneit is $2,103, 11% higher than Greater Melbourne's household income of $1,901. Tarneit has a younger age profile compared to the rest of Greater Melbourne (median age 30 vs 37). Property ownership data shows 83% of property owners in Tarneit have a mortgage.

56,370
Population
$2,103 per week
Median household income
30 years
Median age
Owners
Most residents
Families
Most households
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32 Origin Drive
Tarneit, VIC 3029

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