Residents of Mount Duneed have every reason to be excited as construction on the highly anticipated Mount Duneed Village is well underway! Completion is expected by the second quarter of 2025, with the $55 million development promising to transform into a vibrant central hub.

The village will feature an array of essential facilities aimed at enhancing residents’ daily lives. Shoppers can look forward to a new IGA and Chemist Warehouse, ensuring that grocery and pharmaceutical needs are conveniently met. Additionally, medical and dental services will be easily accessible, along with childcare options to support our community’s growing families. For those who enjoy socialising and dining out, various cafes and eateries will add to the village’s charm.

One of the most exciting aspects of the village is the inclusion of various leasing spaces that are still available. These will accommodate beauty services, takeaway options, casual dining, and gym facilities, further enriching our community lifestyle.

However, the development continues beyond that in retail and service spaces. Mount Duneed Village will also include 41 brand-new apartments and 52 townhouses, catering to the increasing demand for residential living. With a staggering 17% rise in the population over the past year, these new homes will provide much-needed accommodation for our expanding community.

The village will complement existing facilities like Club Armstrong, Poa Banyul Community Hub, and Mirripoa Primary School, collectively establishing this area as the true heart of Mount Duneed.

We can’t wait to witness the transformation and look forward to the day Mount Duneed Village opens its doors, bringing a new era of convenience, community, and connection. Stay tuned for more updates as we move closer to this remarkable milestone!

If you want to learn more or see the latest construction updates, check out the video here, where Bella and Cal share all the exciting details!

For further updates visit the Mount Duneed Village website by selecting here.

Disclaimer: The information provided is deemed accurate to the best of Armstrong Real Estate’s knowledge at the time of publication. However, we cannot guarantee its completeness or reliability and recommend verifying it with additional sources.

What to Expect at the Charlemont Shopping Centre

The development will span an impressive 7,958m², ensuring plenty of space for various stores and services. The anchor tenant will be a full-line Woolworths supermarket, making grocery shopping more convenient for everyone. But that’s not all; over 20 specialty stores will join the mix, including a gym, café, pharmacy, beauty services, restaurants, and various takeout options, providing something for everyone.

The Shopping Centre will also cater to diverse community needs, from allied health services to retail and commercial office spaces. Residents can look forward to a shopping experience that truly enhances our local infrastructure.

The Future of Education: Horseshoe Bend Primary School (Interim Name)

There’s even more great news for our community in Charlemont! The Horseshoe Bend Primary School (interim name) is currently under construction at 10 Amber Avenue and is anticipated to open in the first quarter of 2026. This new school will accommodate up to 525 students, relieving the pressure on nearby schools and ensuring our local kids have access to quality education right in Charlemont.

Expect to see more detailed information regarding enrollment processes and boundaries as we approach the school’s opening date. Once operational by Term 1, 2026, the school will boast two learning neighbourhoods, a library, outdoor hard courts, and a community hub complete with an indoor multi-use court, canteen, arts/music spaces, and a sports field.

The Charlemont Rise Shopping Centre and the new primary school are truly exciting developments that will elevate our community. We can’t wait to follow their progress.

If you would like to see the illustrated renders of the exterior of the Horseshoe Bend Primary School (Interim name) select this link: https://www.schoolbuildings.vic.gov.au/horseshoe-bend-primary-school-interim-name

If you want to learn more or see the latest construction updates, check out the video below, where Alfritz shares all the exciting details!

Disclaimer: The information provided is deemed accurate to the best of Armstrong Real Estate’s knowledge at the time of publication. However, we cannot guarantee its completeness or reliability and recommend verifying it with additional sources.

The ideal property can become available at any time. For this reason, having your finances well-organised is essential. Securing pre-approval for a home loan empowers you to act swiftly and decisively when the right opportunity arises.

What is Pre-Approval?

Pre-approval indicates how much you can borrow and involves completing the loan application before selecting a specific property. The process consists of three key elements: verification of income, a thorough credit assessment and confirmation of funds. Confirmation of funds may come from various sources, including personal savings, equity in another property, support from a guarantor, or government grants.

Why is Pre-Approval Important?

While it’s not mandatory, it offers significant advantages in the home-buying process. It allows you to search for properties within your financial means confidently. Additionally, obtaining pre-approval helps you avoid potential delays that could lead to missing out since processing times for loan applications differ between lenders. Furthermore, having pre-approval signals to sellers and real estate agents that you are a serious buyer, as it enhances your credibility and improves your chances of securing the property you desire.

Duration and Conditions

Pre-approval generally remains valid for 90 days. If your house hunt extends beyond this timeframe, securing an extension is typically straightforward. However, it is crucial to remember that any significant changes to your financial circumstances during this period, including changes in income, debt levels, or credit score, may impact your pre-approval status.

In summary, obtaining pre-approval is a proactive step that equips you with the necessary knowledge and confidence to navigate the property market effectively. It allows you to be ready to seize opportunities as they arise while adding a layer of security to your home-buying experience.

If you would like to know more our trusted partners at Property Hub Finance are here to help. You can book an appointment here to speak with a Broker.

To read more articles and latest news from Armstrong Real Estate click here

Armstrong Real Estate has made every attempt to ensure the accuracy of information presented in this article. However, its content is general in nature and does not take into consideration your personal situation and may not be relevant to your circumstances. Before taking any action, consider your own particular circumstances and seek professional advice. It is not intended to constitute tax or financial advice, whether general or personal, nor is it intended to imply any recommendation or opinion about a financial product. This content is protected by copyright laws and various other intellectual property laws. It is not to be modified, reproduced or republished without prior written consent.

The Square Ashbury Facilities

The upcoming centre will feature a variety of amenities to cater to the needs of families and individuals alike. One of the highlights is Aspire Early Learning and Childcare, which will provide a valuable resource for parents looking for quality childcare services.

Fitness enthusiasts will also be pleased to see Fitstop, a popular fitness brand offering a unique health and wellness approach.

Food lovers can look forward to delightful dining options, including Victoria’s Pizza and an Indian restaurant, ensuring that there’s something to satisfy every palate. A laundry facility will also be available, adding convenience for nearby residents.

There are still three leasing spots available for those interested in joining this exciting new development. This is a fantastic opportunity for businesses looking to thrive in a fresh and dynamic setting.

On the road closure front near the Ashbury Estate, Horseshoe Bend Road and Boundary Road intersection is scheduled to reopen in February 2025, further enhancing access to this bustling new shopping destination.

Stay tuned for more updates as we count down to the grand opening!

Our Sale Consultant, Jayden McHenry, has shared an engaging video update on the Shopping Centre. We invite you to watch below.

Photo source: https://www.realcommercial.com.au/for-lease/property-the-square-ashbury-364-horseshoe-bend-road-armstrong-creek-vic-3217-504461880

Disclaimer: Armstrong Real Estate has made every attempt to ensure the accuracy of information presented in this article. However, its content is general in nature and does not take into consideration your personal situation and may not be relevant to your circumstances.

Before taking any action, consider your own particular circumstances and seek professional advice. It is not intended to constitute tax or financial advice, whether general or personal, nor is it intended to imply any recommendation or opinion about a financial product. This content is protected by copyright laws and various other intellectual property laws. It is not to be modified, reproduced or republished without prior written consent. All dates and information are sourced from local contacts including developers and are estimates only.

When considering an investment property, it is crucial to thoroughly research and assess areas with strong demand.

When looking to buy an investment property, demand is a crucial factor to consider. High demand indicates that there are plenty of potential renters seeking in the area, which can reduce the days your property is vacant.

What is rental yield?

Rental yield is the return on investment, measured by the gap between your property cost and the rental income you receive from leasing the property.

To calculate the yield for an investment property, lets use the following example. An investment property valued at $500,000 with an expected rental income of $500 per week would have the gross rental yield calculated as follows:

($500 x 52) / $500,000 = 0.052 x 100 = 5.2%

When it comes to net rental yield, the calculation becomes more comprehensive as it takes into account all costs and fees associated with the property, such as council rates, strata levies/body corporate fees, property management fees, depreciation, and insurance.

Continuing with the same example, if the total annual costs to maintain the property amount to $4,920, the net rental yield would be calculated as follows:

($500 x 52) – $4,920 / $500,000 = 0.042 x 100 = 4.2%

When you’re exploring properties with Armstrong Real Estate for sale, our sales agents will always have a rental appraisal letter prepared by our property management team. This provides you with valuable insight and helps identify properties that could offer a higher return on investment.

If you need additional guidance, our rental team is always ready to assist. Click here to book an appointment.

To read more articles and latest news from Armstrong Real Estate click here

Armstrong Real Estate has made every attempt to ensure the accuracy of information presented in this article. However, its content is general in nature and does not take into consideration your personal situation and may not be relevant to your circumstances. Before taking any action, consider your own particular circumstances and seek professional advice. It is not intended to constitute tax or financial advice, whether general or personal, nor is it intended to imply any recommendation or opinion about a financial product. This content is protected by copyright laws and various other intellectual property laws. It is not to be modified, reproduced or republished without prior written consent.

A Treasure Trove of Resources

The space boasts an impressive collection of over 32,000 books and resources catering to diverse interests and age groups. Whether you’re a student searching for research material, a parent looking for engaging reads for your child, or a lifelong learner exploring new topics, you’ll find something to pique your curiosity. The library’s extensive collection ensures that everyone can embark on a journey of discovery.

Multipurpose Spaces for All

One of the library’s standout features is its multipurpose spaces, designed to adapt to various community needs. These bookable meeting rooms offer the perfect setting for groups to gather, collaborate, and bring ideas to life. Whether you’re hosting a workshop, meeting, or community event, the library provides a versatile environment that encourages interaction and creativity.

A Haven for Young Readers

Families can look forward to the dedicated children’s storytime area, where little ones can dive into the magic of stories. Regular story sessions will entertain young readers, ignite their imaginations, and foster a love for books from an early age. The cozy atmosphere is ideal for children to gather, listen, and engage with literature, creating lasting memories.

Unleashing Creativity

The Biyal-a Armstrong Creek Library stands out with its unique creative spaces, including a media studio and a maker space. These dedicated areas are perfect for individuals exploring their creative side through arts and crafts. The maker space is a playground for inventors and creators of all ages, making it easy to bring your ideas to fruition.

Enjoy the Outdoors

In addition to its indoor amenities, the library features beautiful outdoor terraces, providing a serene escape for reading or relaxation. Visitors can enjoy fresh air while immersing themselves in a good book or gathering with friends. This outdoor area emphasises the library’s commitment to creating a welcoming and inclusive environment for the entire community.

We encourage you to visit and explore the many resources and opportunities awaiting you. Whether you’re looking to borrow a book, discover a new hobby, or connect with fellow community members, the library is here to serve you.

Discover the exciting events happening at the library by clicking here!

To read more articles and latest news from Armstrong Real Estate click here

Take a moment to enjoy the video below for an exclusive sneak peek of the space!

Charlemont Playgrounds

Glenlee Regional Park

Parkfield Bvd, Charlemont

Armstrong Creek Playgrounds

Sanctuary Estate Playground

Cnr Even Way &, Peaceful Ave, Armstrong Creek

Warralily Boulevard Reserve

70-90 Warralily Bvd, Armstrong Creek

Anchoridge Park Playground

Buchanan Bvd, Armstrong Creek

Ambrosia Drive Playground

Ambrosia Dr, Armstrong Creek

T Park

Coastside Dr, Armstrong Creek

Mirambeena Park

Warralily Bvd, Armstrong Creek

Anderson Memorial Park

85 Ashbury Bvd, Armstrong Creek

Ashbury Park

Ashbury Bvd, Armstrong Creek

Mount Duneed Playgrounds

Pencil Park Playground

24 Armstrong Blvd,Mount Duneed

McCubbin Park Playground / Shoalhaven Park

44 McCubbin Dr,Mount Duneed

Bunjils Nest Playground

Sovereign Dr &, Unity Dr, Mount Duneed

Aviation Drive Playground

Aviation Dr & Decalage St, Mount Duneed

Harmony Park Cubbies Playground

Owarra Bvd & Eaton Rd, Mount Duneed

Eminence Street Playground

Eminence Street, Mount Duneed

Mount Duneed Rocket Playground

Nectar and Botanical Dr, Mount Duneed

Discover the latest updates and exciting news about Armstrong Creek, Charlemont, and Mount Duneed by clicking here or follow us on Instagram.

Are you in the market for a new home? Did you know several types of home loans are available to suit your financial needs? Understanding your options is crucial when making such an important decision. Let’s break down the leading home loan types: fixed-rate, variable, and split-rate mortgages.

Fixed-Rate Mortgage Loans

A fixed-rate mortgage is an excellent option for those who value stability. With this type of home loan, the interest rate remains constant throughout the loan’s duration, meaning your monthly payments remain predictable. This can be particularly appealing for budgeting purposes.

However, it’s essential to consider the risk involved. If market interest rates decrease after you’ve secured a fixed rate, you could find yourself locked into a higher rate compared to new borrowers. Therefore, while fixed-rate mortgages offer consistency, there may be better options if you hope to take advantage of falling interest rates.

Variable Rate Mortgages

In contrast, a variable-rate mortgage offers flexibility. The interest rate on this type of loan can fluctuate depending on the market interest rates, which means your monthly payments can vary.

The primary advantage of a variable-rate mortgage is the potential for lower repayments during periods of low interest rates. On the flip side, if interest rates rise, so can your repayment amount, making it essential to be prepared for this possibility.

Split Rate Mortgages

For those who want the best of both worlds, split-rate mortgages combine fixed and variable loan elements. This arrangement splits your loan into two parts: one portion with a fixed interest rate for stability, while the other has a variable rate, allowing you to potentially benefit from lower payments if interest rates drop. This can be an ideal middle ground for borrowers looking to manage risk while still taking advantage of potential savings.

Other Loan Terms to Consider

Beyond these primary options, there are numerous beneficial loan terms that might suit your needs. Some exciting alternatives include:

• Redraw Facilities or Lines of Credit: These features allow you to access extra funds you’ve paid off your mortgage.
• Offset Accounts: Link your mortgage to a savings account to reduce the interest you pay.
• Low-Interest Rate Mortgages: Some lenders offer promotions with lower rates for the first 6 to 12 months.
• Interest-Only Mortgages: These options allow you to pay only the interest for a set period, lowering your monthly payments temporarily.

Get Professional Guidance

Choosing the right loan can be complex, and finding the best fit for your financial situation is crucial. If you’d like to learn more about your options, consider contacting a professional for assistance. Our reliable partner, Property Hub Finance, can help! Click here to book an appointment.

Property Hub Finance offers tailored financial solutions for property investors and owners. It provides expert advice and access to a wide range of loan services. Focusing on client needs, it strives to facilitate successful property transactions and empower people to achieve their financial goals.

To read more articles and latest news from Armstrong Real Estate click here

Armstrong Real Estate has made every attempt to ensure the accuracy of information presented in this article. However, its content is general in nature and does not take into consideration your personal situation and may not be relevant to your circumstances. Before taking any action, consider your own particular circumstances and seek professional advice. It is not intended to constitute tax or financial advice, whether general or personal, nor is it intended to imply any recommendation or opinion about a financial product. This content is protected by copyright laws and various other intellectual property laws. It is not to be modified, reproduced or republished without prior written consent.

Selling Before Purchasing

When navigating the complex world of property transactions, one of the most critical decisions you will face is whether to sell your current home before purchasing a new one or to buy first and sell later. Both approaches have distinct advantages and disadvantages that can significantly impact your financial position and overall experience during the transition. In this article, we explore the benefits of each. By weighing these factors, you will be better equipped to make an informed decision that aligns with your unique circumstances and property goals.

Advantages

1. Enhanced Understanding of Financial Position: By opting to sell your current property before pursuing a new purchase, you gain a clear perspective on your financial standing. This informed viewpoint is critical for narrowing your home search and making strategic decisions.

2. Access to Liquid Assets: The immediate availability of funds from the sale facilitates confident bidding on new properties, allowing you to engage in transactions without the encumbrance of awaiting the completion of the sale.

3. Increased Flexibility in Offer Acceptance: The absence of a pressing timeline to sell can allow you the luxury of patience, enabling you to wait for offers that genuinely meet your expectations rather than hastily accepting suboptimal terms.

4. Elimination of Bridging Finance: Preemptively selling your home can help you avoid the complexities and financial implications of bridging loans or juggling multiple mortgages, which often incur substantial interest costs and fees.

Disadvantages

1. Potential Market Inflation: A significant risk associated with selling before purchasing is the possibility of property values escalating. In a competitive housing market, delays in the sale could lead to the property you are targeting becoming unaffordable, complicating your search within budget constraints.

2. Temporary Housing Costs: If you finalise the sale of your current home without a new one lined up, you may have to explore short-term living arrangements, such as rentals or staying with relatives, which can introduce unforeseen expenses into your budgeting.

3. Pressure from Time Constraints: After selling your property, you may face the urgency of finding a new residence before an impending vacancy, potentially narrowing your options and leading to rushed decisions.

Purchasing Before Selling

Advantages

1. Enhanced Financial Positioning: Acquiring a new property before liquidating your existing asset could afford you the opportunity to consider a broader range of options and secure a more favourable deal.

2. Avoiding Interim Housing Needs: Purchasing before selling helps you overcome the complications and added expenses often associated with temporary accommodation.

3. Strengthen Negotiating Position: Securing your new home in advance can enhance your negotiating power, allowing for more advantageous terms that suit your needs.

Disadvantages

1. Equity Utilisation: When seeking financing for a new mortgage, you may need to leverage the equity from your current home, which could limit your options.

2. Compounded Financial Responsibilities: Managing two mortgages simultaneously can introduce significant complexity to your financial situation, especially if the sale of your current property takes longer than expected.

3. Down Payment Requirements: If you plan to finance a substantial portion of the new home’s purchase price, be prepared to have a cash down payment of 5% to 10% readily available. This could be challenging if you haven’t yet liquidated your current property.

4. Increased Urgency in Selling: The necessity to transition to a single property may pressure you to accept less favourable offers or make rushed decisions to alleviate the financial strain of dual ownership.

We trust that this detailed examination will be an essential guide as you contemplate your next steps. Should you have any enquiries or require further clarification, please do not hesitate to contact or click here to book an appointment.

To read more articles and latest news from Armstrong Real Estate click here

Armstrong Real Estate has made every attempt to ensure the accuracy of information presented in this article. However, its content is general in nature and does not take into consideration your personal situation and may not be relevant to your circumstances. Before taking any action, consider your own particular circumstances and seek professional advice. It is not intended to constitute tax or financial advice, whether general or personal, nor is it intended to imply any recommendation or opinion about a financial product. This content is protected by copyright laws and various other intellectual property laws. It is not to be modified, reproduced or republished without prior written consent.

Thinking about switching property management agencies? Take a look at our FAQs below for more information!

Why do rental providers change agencies?

Rental providers may seek an alternative agency when rental agencies fail to provide a satisfactory service, such as poor communication or inadequate management. A lack of transparency in operations and accountability to property owners can foster mistrust, encouraging clients to consider switching agencies. Additionally, persistent issues like low occupancy rates, high renter turnover, or difficulties in maintenance management can lead rental providers to seek out a property management agency that demonstrates better overall performance.

Are there any fees involved in changing property management agencies?

There are no fees for switching agencies; however, we recommend reviewing your management authority for any specific clauses that may apply.

Is it necessary for the lease agreement to expire before you can change agencies?

Not at all! You can switch agencies at any time.

Will switching agents cause any disruption or inconvenience for my renters?

No, we will ensure that your renters are promptly informed about the change and kept updated throughout the process. In fact, this transition could actually benefit them, as they may have shared similar concerns about the previous agency.

Do my renters need to sign a new lease?

No, your renters won’t need to sign a new lease. The existing lease will remain in effect as is.

What is the typical duration for the transition period?

Generally, it takes about two to three days from the moment you decide to make the change.

Who takes care of notifying your old agent about the management transfer?

Your new property management agency will contact your current property management agency and manage the entire process. Rest assured, you will be kept informed every step of the way.

If you’re considering a change in management get in touch with us by clicking here or book an appointment with an Investment Property Consultant by clicking here.

To read more articles and latest news from Armstrong Real Estate click here

Armstrong Real Estate has made every attempt to ensure the accuracy of information presented in this article. However, its content is general in nature and does not take into consideration your personal situation and may not be relevant to your circumstances. Before taking any action, consider your own particular circumstances and seek professional advice. It is not intended to constitute tax or financial advice, whether general or personal, nor is it intended to imply any recommendation or opinion about a financial product. This content is protected by copyright laws and various other intellectual property laws. It is not to be modified, reproduced or republished without prior written consent.