Caroline Springs at a glance
25,151
People
$795,000
Median sale
$532/wk
Median rent
3.48%
Suburb gross yield
Median sale from 149 recorded sales (last 12 months) — a Districts calculation.
VIC › Caroline Springs › Wallace Pl
$940,000
For sale
Asking
4
Bedrooms
2
Bathrooms
6
Car spaces
751 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Asking
$940,000
Asking · $1,252/m² of land
No recorded sale for this property.
Caroline Springs at a glance
25,151
People
$795,000
Median sale
$532/wk
Median rent
3.48%
Suburb gross yield
Median sale from 149 recorded sales (last 12 months) — a Districts calculation.
Vs Caroline Springs
+18.2%
Median sale
Suburb $795,000
-0.54 pp
Gross yield
Suburb 3.48%
Suburb median $795,000 from 149 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$57,474 on top of the price (6.1% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Pre-filled with Caroline Springs's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $532/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Gross yield if leased at the suburb aggregate is 2.9%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Caroline Springs at a glance
25,151
People
$795,000
Median sale
$532/wk
Median rent
3.48%
Suburb gross yield
Median sale from 149 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harcourts Rata & Co.Set proudly on an impressive 751sqm (approx.) corner allotment in one of Caroline Springs' most established and family-friendly pockets lies this home designed for growing families, effortless entertaining, and creating lasting memories.
This beautifully maintained residence combines generous proportions, multiple living zones, and outstanding outdoor spaces with a warm and welcoming atmosphere that immediately feels like home.
Perfectly positioned moments from the beautiful Springlake precinct, residents can enjoy lakeside walking trails, local cafés, restaurants, parklands, schools, shopping centres, and medical facilities, all while benefiting from convenient access to Ballarat Road, the Western Freeway, and Caroline Springs Train Station - making daily commuting and family living exceptionally convenient.
From the moment you arrive, the home's north-facing orientation allows natural light to pour through the interiors, creating a bright and inviting feel.
At the front of the home, a dedicated study/home office provides the ideal space for those working remotely, running a business, or simply seeking a quiet retreat for study and productivity. A generous formal lounge creates a peaceful space to relax and unwind, while the expansive open-plan living and dining domain forms the true heart of the residence - a place where families can gather, entertain, and enjoy everyday moments together.
The well-appointed kitchen has been designed with both practicality and connection in mind, featuring ample cabinetry, and a central island bench overlooking the meals & living areas, creating a warm and welcoming setting for casual meals, morning coffees, and family celebrations alike.
Upstairs, the accommodation continues to impress with four generously sized bedrooms, including a spacious master complete with a walk-in robe and private ensuite. The additional bedrooms are serviced by an updated, modern central bathroom, while a versatile upstairs retreat offers the flexibility of another living area or study space.
Step outside and the lifestyle appeal truly comes to life. The expansive covered pergola and large timber deck create the perfect environment for year-round entertaining - whether it's hosting family barbecues, celebrating special occasions, or simply enjoying peaceful afternoons outdoors. Surrounded by established gardens and greenery, the backyard offers a relaxed sense of privacy and space rarely found.
Adding further practicality, the property features a drive-through triple garage with extensive off-street parking for additional vehicles, making it ideal for tradespeople, trailers, boats, caravans, or growing families needing extra space.
Comfort has been carefully considered throughout the home, with features including ducted gas heating, evaporative cooling, gas hot water service, insulation, security alarm system, E-screens, and block-out blinds - all contributing to year-round comfort, privacy, and energy efficiency.
This is more than just a home - it's a place where families grow, memories are made, and life feels easy.
For further information or to arrange a private inspection, contact:
Nathan Hunt – 0409 853 503
Declan Addison – 0466 159 809
*Nathan Hunt & Harcourts Rata & Co West – Expertise. Experience. Knowledge. Results.*
PHOTO ID REQUIRED
Due diligence checklist - consumer.vic.gov.au/duediligencechecklist
Privacy Policy and Privacy Collection Notice - rataandco.com.au/privacy-policy
Material Facts - please refer to the contract of sale and vendor statement for material facts.
Land size sourced from land.vic.gov.au. This document has been prepared to assist solely in the marketing of this property.
While all care has been taken to ensure the information provided herein is correct, Harcourts Rata & Co takes no responsibility for any inaccuracies.
Accordingly all interested parties should make their own enquiries to verify the information, including and not limited to land size.
Listing description written by Nathan Hunt, Harcourts Rata & Co. — reproduced as published, not verified by Districts.