Investing in Doreen
In an on-going series of Melbourne suburb profiles, Jeff Grochowski from Accrue Real Estate discusses the lifestyle and property investment potential of Doreen.
Originally settled in the mid 1800’s, Doreen is surrounded by the foothills of the Yarra Ranges and the lush forested levees of the Plenty River. This provides the suburb with some breath-taking views and Doreen has a pleasant combination of rural and urban living.
Key to Doreen’s popularity is its family friendliness. There are two primary schools and two respected private schools, Ivanhoe Grammar Schooland Plenty Valley Christian College, giving families excellent choices if they are looking for good schools. Several other schools are also available nearby.Doreen also has several parks and picnic grounds, includingCollingrovePark which is adjacent to the Laurimar Wetlands. This impressive park features imposing gum trees and several innovative playground sets, making it the perfect place for a family outing. There are also barbeques for a picnic lunch.
Doreen provides both a safe family-oriented lifestyle and an environment that provides everything singles are after for a more fast-paced urban lifestyle. In Doreen, the luxuries of country life can be enjoyed alongside the conveniences of modern living as there is lots of open space but it is still close to the city. There is plenty of shops to provide retail therapy and the café and restaurant scene is constantly growing.
With the median price units under $350,000*, Doreen represents a great place for investment. The population has an average age between 20 and 39, a group consisting of those who are beginning to build a family and those with young families, meaning a high rental demand and diversity of tenant.
With its community and country feel, and close proximity to the city centre, Doreen could be the place for your next investment.
Contact Accrue Real Estate to learn more about Doreen and other Melbourne property investment opportunities.
Image also attached (citation: Google Maps, accessed 6 May 2018)