The Rising Demand for Real Estate in Doreen
If you're looking for a suburb that has great facilities, beautiful natural surroundings, and a sense of community, then Doreen in Melbourne's north-east is a fantastic option. Although Doreen has traditionally been considered a "new" suburb and lacking in certain amenities, the area has seen a dramatic transformation over the last few years, and now satisfies the needs of most residents, which has contributed to a rise in demand for real estate in the area.
The demand for real estate in Doreen has grown considerably since 2016, with sales and prices rising every year. This growth trend shows no signs of slowing down, with predictions that the demand for housing in Doreen will remain high for several years to come. This article will discuss the reasons why Doreen's real estate market is gaining attention and why buyers are flocking to the area so eagerly.
Location
Doreen's strategic location is one of the main reasons why it has become so popular among buyers. Situated about 26 kilometres from Melbourne's central business district, Doreen is easily accessible by car and public transport. The area is also within close proximity to major shopping, dining, and recreation centres, in addition to being near beautiful parklands and walking trails.
Facilities and Amenities
In recent years, Doreen has seen a rapid growth in infrastructure and amenities, with schools, parks, shops, and public transport links all being developed in response to the growing population in the area. The opening of the Mernda Rail Extension has boosted the appeal of Doreen, providing easy access to Melbourne's CBD and surrounding areas.
The suburb now has several primary and secondary schools, making it an excellent location for families. Shopping is also easily accessible, with Westfield Plenty Valley, Pacific Epping, and Northland Shopping Centre being within close proximity. Doreen also has plenty of green spaces, with several parks and walking trails offering excellent options for outdoor relaxation and exploration.
Affordability
Doreen's real estate market presents a great opportunity for buyers in search of affordable properties for sale. The area has a high supply of housing types ranging from hectares of land for building dream homes, modern apartments, spacious townhouses, and family homes, making it an excellent option for both first-time homebuyers and investors.
Moreover, older homes in Doreen are typically cheaper than their counterparts in other areas, and with the suburb's growing popularity, buyers can expect impressive returns on their investments in the long run. With the suburb's growth not showing any sign of slowing down, it's worth considering investing in real estate property in Doreen now while the prices are still reasonable.
Friendly Community
Doreen has a fantastic sense of community, making it an ideal location for residents looking for a peaceful and friendly neighbourhood atmosphere. The area has plenty of community events and local groups, including sports clubs, arts and cultural groups, and volunteering opportunities.
The environment is also notable for its safety and cleanliness, making it a great option for families with children. With Riverside Estate, Hazelcroft Estate, and Ashton Rise Estate, among several others, there are numerous communities within Doreen to choose from, making it easy to find the perfect place to call home within your budget.
Overall, there are plenty of reasons why the demand for real estate in Doreen is increasing rapidly. With an excellent location, quality amenities, affordability, and welcoming community, it's no surprise that more and more people are choosing to call this Melbourne suburb home. With the growth trend in this area continuing to show no signs of slowing anytime soon, investing in real estate in Doreen may be among the wisest decisions you'll make in modern times.
Best Property Types to Invest in Doreen Real Estate
Are you thinking about investing in the Doreen real estate market but don't know where to start? Don't worry, we've got you covered! We've compiled a list of the best property types to invest in Doreen real estate, so you can make an informed decision about where to put your money.
Houses
If you're looking for a safe investment option, houses in Doreen are a great choice. Doreen is a highly sought after suburb due to its proximity to Melbourne CBD, parks and lakes, shopping centres, and quality schools. The demand for houses in this area is always high, which makes for a good return on investment. Houses in Doreen range from newly built modular homes to large and luxurious family homes creating a competitive and varied market.
When investing in houses in Doreen, make sure to consider factors such as the property’s location, its proximity to amenities, and the current condition of the house. All of these factors can impact the market value of the property and its potential for capital growth in the future.
Townhouses
Townhouses are another great investment option in Doreen. They offer a low maintenance ownership option allowing buyers to enjoy everything desirable Doreen has to offer without the expenses of maintaining larger properties.
The townhouse market is currently on the rise throughout Melbourne with Doreen being eager to match this trend. Echoing the house market single storey properties have developed into luxury double storey homes providing a larger range of options to buyers. Additionally, like houses, new build houses/townhouses attract government incentives designed to attract buyers to the ever-growing outer-suburban areas.
When considering investing in a townhouse, make sure to factor in the location and the quality of the build. A popular location ensures a low vacancy rate and a strong return on investment. Building and finish quality will also be a factor in ensuring continued interest within a marketplace that can be quite competitive. A poorly constructed townhouse or one in an undesirable location will not generate significant demand once it is released to market.
Apartments
Apartment living is fast becoming a polarising option for those wanting to live in Doreen. Buyers looking for a smaller, low maintenance property in a secure environment are naturally attracted to the apartment lifestyle. Doreen already has several apartment blocks and a few more are in development, thus ensuring a solid future for the apartment market. Don't be put off by the negative connotations surrounding apartment living as with new builds developers are creating spacious floor plans and building in safety elements as standard.
When considering investing in apartments you should research the number of new and upcoming apartment blocks in Doreen. This is important to ensure that the current apartment market has not reached its saturation point. A lack of demand can lead to low-rental rates, high vacancy rates and a decline in market value. Small, well-built blocks have historically performed well within the marketplace.
Whether you’re looking for a low maintenance property or a family home with plenty of space, Doreen has a property for everyone. Consider these property types and take into account the factors listed above in order to make an informed investment decision.
Top Real Estate Agents Operating in Doreen
Buying or selling a property can be a daunting task, especially if you are not familiar with the real estate industry. Thankfully, Doreen has a range of experienced and knowledgeable real estate agents who can help guide you through the process. Here is a list of the top real estate agents operating in Doreen.
Jessica Chea – Barry Plant Real Estate
Jessica Chea is one of the leading real estate agents in Doreen, having worked in the industry for over ten years. She is part of the team at Barry Plant Real Estate, which has a strong presence in the area. Jessica's expertise lies in residential sales and property management, and she prioritizes customer satisfaction above all else. She has a deep understanding of the local property market and can provide valuable insights to clients looking to buy or sell in the area. Jessica's professionalism, experience, and friendly personality make her an excellent choice for anyone seeking a reliable real estate agent in Doreen.
Mandy Mclaren – Ray White Real Estate
Mandy Mclaren is a highly respected real estate agent with a track record of success in Doreen. She is part of the team at Ray White Real Estate, which has been operating in Doreen for several years. Mandy's expertise lies in residential sales, and she is committed to providing personalized and professional service to her clients. She has been recognized for her exceptional customer service, and her focus on building long-term relationships makes her an excellent choice for buyers and sellers alike. Mandy's extensive experience in the Doreen property market allows her to provide valuable advice and support to her clients, ensuring they achieve the best possible outcomes.
Adrian Musca – Love & Co Real Estate
Adrian Musca is a respected real estate agent with over a decade of experience in the Doreen property market. He is the founder and director of Love & Co Real Estate, which prides itself on providing high-quality personalized service to clients. Adrian's expertise lies in residential sales and property management, and he has a deep understanding of the local property market. He has been recognized for his exceptional negotiating skills, and he is committed to achieving the best possible outcomes for his clients. Adrian's professionalism, attention to detail, and personalized approach make him an excellent choice for anyone seeking a real estate agent in Doreen.
Choosing the right real estate agent is crucial when buying or selling a property. The agents listed above are among the best in the industry and have a proven track record of success in Doreen. Whether you’re looking to buy or sell, these agents can help guide you through the process and ensure that you achieve the best possible outcome.
Factors that Affect Property Value in Doreen
Doreen is a beautiful suburb located in the City of Whittlesea, Victoria, Australia. Its proximity to Melbourne’s Central Business District has made it an attractive option for both real estate investors and families looking for a comfortable place to live. The suburb offers plenty of amenities that cater to the needs of modern-day lifestyles. The houses in Doreen are of different types, sizes and styles, and their values differ depending on various factors. Here are some of the factors that affect the property value in Doreen:
1. Location
The location of a property is a critical factor that influences its value. In Doreen, properties located closer to schools and essential amenities like shopping centres, hospitals, and public transport are more valuable than those in distant parts of the suburb. Properties located near parks and open spaces also have a premium price as they offer better quality of life, privacy and fresh air.
2. Size of the Property
The size of the property is another factor that affects its value. In Doreen, larger properties are generally more expensive than smaller properties. This is because larger properties offer more living space, more bedrooms and bathrooms, and better outdoor areas. Larger properties are also attractive to families with kids, who need more space to play and relax.
3. Condition of the Property
The condition of the property affects the value of the property. Well-maintained properties that are modern, updated and require less maintenance generally have higher values than properties that require significant repairs or updates. Properties with outdated features like older kitchens and bathrooms can fetch lower prices as they require renovation, which adds to the cost.
4. Upgrades and Additions to the Property
Upgrades and additions to the property can have a significant impact on its value. In Doreen, properties with modern features like energy-efficient appliances, solar panels, and high-quality heating and cooling systems have higher values than those without these features. Properties that are furnished with additional features like swimming pools, home theatres and outdoor entertainment areas also increase the property's value.
Moreover, adding additional rooms or extending existing living spaces can also increase the property's value. A well-executed addition or extension can transform a modest property into one with substantial value.
Conclusion
The values of properties in Doreen vary depending on a myriad of factors. The location of the property, size, condition, and upgrades are among the most significant factors that influence the property's value. When looking to invest in real estate in Doreen, it's essential to consider these factors to ensure that your investment offers a significant return in the future.