VIC Registered Law Firm, LEAD Conveyancing

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Lead Legal Services Pty Ltd (ABN 86 640 514 558)
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Traralgon is located in the Gippsland region of Victoria. It lies in the east of the Latrobe Valley and has a total land area of 23.9 km². Traralgon has 127 parks which cover 2.5% of the total land area. The thriving forestry and mining industry utilizes a significant portion of the land in this area. 

As of 2018, Traralgon had a population of 27,958 people. This was a 9.7% increase from 25,485 people in 2016. Thus, there is a great likelihood that the population of this suburb will rise astronomically in the coming years. This will further induce a positive growth of the property market in the area. 

Data reveals that the population in Traralgon is relatively young. A majority of the residents in this suburb are between the ages of 20 – 29 years. In addition, a large percentage of the households in Traralgon are couples that live with their children. Also, a significant percentage of working-class residents of this suburb work professional occupations. 

Traralgon has a lower median sale price of houses, units, and apartments when compared to the national average. Fortunately, this suburb ranks highly in terms of price change within a period of 1 year. 

The market for rental properties in Traralgon is promising. The median rent for houses is $370 per week. For units, the average cost of rent is $278 per week. Therefore, there is a great possibility of seeing tremendous returns on rental properties in this suburb. If you are more interested in purchasing a house in this suburb, the median sale price of houses is $365,000. Units, on the other hand, come at an average selling price of $242,000. 

• The gross rental yield on rental houses is 5.3%
• Investors saw a 27.5% increase in the price of units in the last 2 years
• This suburb has seen a compound growth rate of 6.9% for houses

After discovering a suitable residential property that fits your budget, purchasing it is next. Hiring a conveyancing lawyer to handle the transaction successfully is essential. Conveyancing is the legal process of transferring the ownership of a real estate property from the old owner or entity to the new owner. 

There are three phases of a conveyancing transaction. The first and second phases being the pre-contract phase and pre-completion phase, respectively. The final phase is the post-completion phase. These phases involve a lot of paperwork. These processes might seem easy on the surface but can be overwhelming for the buyer. 

Deciding to purchase a property without the service of a conveyancing lawyer in Traralgon is risky. There is a possibility that you might not be able to navigate potential pitfalls. You are also likely to take an extremely long time to complete it. Altogether, you might end up making mistakes that can cost you the house and your 10% deposit. 

A conveyancing lawyer has the expertise to represent your best interest throughout the entire transaction. For the buyer, a conveyancing lawyer will assist you in preparing and lodging legal documents. The conveyancing lawyer will also check for easements and any other information that needs addressing. For the seller, the conveyancing lawyer will assist in completing all legal documents. This conveyancing lawyer will also represent you in all dealings with the buyer. LEAD Conveyancing Services have the best professionals to assist you.

Traralgon is the fastest-growing suburb in the Latrobe Valley area. It is situated 161 km from Melbourne and 121 km from Bairnsdale. Traralgon was established in the 1840s. Before the arrival of Europeans, the district was inhabited by the GurnaiKurnai Aboriginal people. The first post office in Traralgon was opened in the year 1861. A few years after this, construction of the railway line from Melbourne began. It was completed in 1877, and the railway station at Traralgon gave this growing town an economic boost. 

By the year 1879, the Shire of Traralgon was established. With consistent economic progress in the area, the Borough of Traralgon was formed in 1961 and became a city in 1964. The major economic drivers in this city are natural resources, processing, fossil-fuel power generation, and coal mining. The expansion of the power generation industry brought further development to Traralgon. 

Road transport is predominant in Traralgon. Passenger rail from the Traralgon train station is also in use. Generally, the city of Traralgon is a major industrial city and service centre in the Latrobe Valley of Victoria. 

Surrounding suburbs include 

• Morwell
• Yallourn North
• Toongabbie
• Tyers
• Hazelwood North
• Callignee
• Glengarry
• Churchill

Traralgon has been growing rapidly since the 19th century. This bustling city has a lot of local attractions and a variety of things to engage in. If you have plans of spending a weekend away from Melbourne, Traralgon has you covered. Below are some of the local attractions that you can spend time at in Traralgon.

Traralgon Railway Reservoir Conservation Reserve 

This place is an interesting spot to visit when you are in Traralgon. It is perfect for birdwatching and wildlife photography. You can also enjoy the serene environment while walking down the trails. Bringing your dog with you is allowed as long as you leash it. The lake here sports a lot of ducks, and you are allowed to have fun feeding them. 

Newman Park 

The variety of playground equipment at this park makes it ideal for kids of all ages. If you need a wonderful place to picnic, visit Newman Park. The nice grass area is plush, and there are many barbecue facilities available. This park is worth your time if you are passing through Traralgon. 

Miners Lookout 

The Miners Lookout in Traralgon offers you insight into the mining industry. If you are intrigued about how coal is mined, there’s a lot to learn here. The views are best during afternoon periods. At night, the view is very different and majestic. To enjoy this place to the fullest, it is advisable to come with binoculars. 

Other places worth visiting include:

• Traralgon Farmer’s Market
• Gippsland Plains Rail Trail
• Kay Street Garden
• Traralgon South Flora and Fauna Reserve
• Hubert Osborne Park
• Stockland Traralgon
• St Micheal’s Church
• Latrobe Visitor Information Centre