Lake Narracan – A property Hotspot In Victoria Not to be Missed

Before we begin briefing you about Lake Narracan , we have listed a few reasons on how to locate a location which will yield good return on your investment.

How to Locate a Property Hotspot

LONG-TERM EMPLOYMENT

A recent Westpac study found that the most important factor in deciding where people live is how close they are to work. Capital growth is more likely for properties that are located in areas with high long-term employment.

It is important that we refer to “long-term” employment and not an immediate boom in employment. For example, Perth saw rapid growth in employment in the early 2000s thanks to the increased activity in Western Australia’s mining sector. This led to a significant increase in property demand in Perth, with the median house price more than doubling between 2001 and 2005.

In the years that followed, however, WA’s resource sector suffered. This has led to a decrease in population growth and a fall in median house prices. It is crucial to make sure that you are investing in property in an area that offers long-term opportunities. This is not to be confused with a boom in employment, which could cause a drop in market value if there is less employment.

TRANSPORT INFRASTRUCTURE IMPROVEMENTS

Improved transport infrastructure can have a positive effect on property prices. Improvements to transport infrastructure include passenger and freight train lines, freeways, bridges and tunnels, as well as roads and free-ways.

These improvements improve access to airports and business districts, which reduce commute times and make it more attractive to live in. Infrastructure development has other benefits, such as improving safety and aesthetics.

Property prices are likely to rise during infrastructure projects.

• The first public announcement of the transport infrastructure project.
• Construction work begins.
• When the project is completed.

Information about updates to transport infrastructure can be obtained from local and state governments as well as relevant media outlets, such as the local newspaper.

LIFE AMENITIES

Other factors that can help increase property values are the lifestyle amenities and features in the area. A suburb is a desirable location to buy a property. It’s near shops, sporting centres, restaurants, schools, and public transport. This makes it a more popular place to live.

Nature features like parkland, being near water like beaches, lakes , rivers have always attracted higher property prices. A good investment opportunity could be in major upgrades to the amenities of a region. Chadstone shopping centre in Victoria is an example. The area is growing rapidly and there has been an increase in apartment and unit development in the location.

SCHOOLS, COLLEGES, UNIVERSITIES & HOSPITALS

For a variety of reasons, schools and hospitals can increase the demand for living in a specific area. Both create jobs, and people love to commute to work from their local area.

The zone in which a child lives determines what government school they can attend. The cost of living in a zone with a high-quality government school can make it more affordable and drive up the area’s prices. Hospitals are usually located near excellent transport infrastructure so that patients can quickly get to the hospital in an emergency.

BUYING REGIONAL – THE NEW NORM

Recent purchase history shows that a lot more Australians are happy to move to regional locations which are even 80-100 kms away from the city as long the location is scenic , surrounded by trees , parks, a lakefront if possible where they can lead a peaceful life and retire.

Many Australians have chosen to live in more regional areas and prefer to enjoy a more laid-back lifestyle at lakeside communities. This trend has been more more prominent ever since the Covid-19 pandemic.
This has led to an increase in tourism and real property development in coastal areas. Another popular option is to move to beautiful inland towns located 1-2 hours from Melbourne.

CAPITAL GROWTH

Capital growth is what most people consider the most important factor in deciding on a location. Any location with strong long-term capital will generally be successful. Buying a rental investment property does not necessarily give you better returns when compared to buying a block of land which might have huge capital growth. In simple terms, the best way to make a bigger profit in the property market is through capital growth which helps with wealth creation. For strategies tailored to investing in land in 2025, see our complete guide.

Lake Narracan Simply Fits Every Reason Mentioned Above

Lake Narracan Resort, a waterfront development, promotes a happy and healthy lifestyle. You will enjoy breathtaking views of the hills and lakes.

About The Location

It is located just an hour and 20 mins away from Melbourne’s CBD and minutes from Moe’s Town Centre, where you can find a variety of dining options and cafes.

Lake Narracan Resort is a waterfront location that offers sweeping views over the valley and the local pine forests. It also provides an easy lifestyle for the ever-growing population.

The Lake Narracan area features undulating farmland, prominent trees, views to Lake Narracan and the hills beyond. There are also numerous locations that allow for recreation access to the lake.

The lake Narracan’s surface area is almost 300 ha. This makes it ideal for water-skiing and jet skiing. Sail boarding and power boating are also possible. Lake Narracan is the jewel of Latrobe Valley, hence it’s a popular tourist attraction. It can be used for walking, swimming, fishing, and picnicking.

There are many leisure activities that keep the locals busy. These include the Moe Golf Club and annual Moe Cup horse races, and the Moe Jazz Festival.

Facilities Galore

Proposed multi-use facility that includes a community center, a medical centre, a child care facility and a cafe. It also has a swimming pool, a kids adventure park, and a proposed commercial area. Enjoy jet skiing, boating/fishing on Lake Narracan.

With 55% of the project now sold out and over 20 Million in sales, there hasn’t been a better time to buy a block of land from Lake Narracan. Alternatively, we also offer a lucrative investment opportunity where you do not have to buy a block land. You can invest in our property development and earn fixed returns.