Mansfield is one of Victoria’s fastest growing regions, across a range of measures from rapidly increasing population through to consumer spending. Capital growth on residential properties is also strong. It has historically remained steady through downturns in capital city markets.
We have a strong economy, with agriculture being one of the Shire’s key economic drivers contributing more than $60 million annually. Large scale hydroponic tomato production is now a significant industry in the area, a more recent addition to the traditional cattle and sheep grazing farms, seed production and boutique vineyards.
Tourism is also a strong economic driver in the area, making up almost 25% of employment and 20% of industry output. The region boasts Australia’s second largest inland waterway Lake Eildon, along with beautiful rivers and very popular campsites. Let’s not forget the income Mt Buller, Mt Stirling and Alpine National Parks generate each year.
The combination of lifestyle and proximity to Melbourne continue to attract ‘tree changers’ to our area, purchasing or leasing either permanent or part time/holiday homes. Many of these people have ‘cashed up’ by selling in Melbourne and then invest considerable sums of money into building new homes or undertaking significant renovations. The builders and associated trades benefit with strong income and employment opportunities.
Mansfield boasts an extremely low rentals vacancy rate with demand from qualified tenants constantly outstripping supply in the area. This means landlords can be very selective in choosing a tenant, and because we generally know the prospective tenants, or their employer, there is very little risk. This is a valuable advantage, especially compared to capital cities where you are competing with so many properties and do not have any relationship with the tenant.
You will also have an ongoing relationship with your property manager. Our team members love their jobs! Unlike city real estate firms you will not be dealing with a roster of different juniors struggling to cope with their workload. The DPG property management team take pride in their professionalism and commitment to deliver the best possible investment returns with the least amount of stress to our landlords. We are always looking for ways to deliver more value and have a slew of positive reviews and feedback which reinforces that we are on the right path.
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THIS WILL INCLUDE THE LATEST CAPITAL GROWTH AND RENTAL RETURN FIGURES