Narre Warren at a glance
28,665
People
$796,500
Median sale
$568/wk
Median rent
3.71%
Suburb gross yield
Median sale from 26 recorded sales (last 12 months) — a Districts calculation.
VIC › Narre Warren › Austin Ave
$890,000–$960,000
For sale
Asking range
4
Bedrooms
2
Bathrooms
2
Car spaces
729 m²
Land
Districts View
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
$890,000–$960,000
Asking range · $1,221/m² of land
No recorded sale for this property.
Narre Warren at a glance
28,665
People
$796,500
Median sale
$568/wk
Median rent
3.71%
Suburb gross yield
Median sale from 26 recorded sales (last 12 months) — a Districts calculation.
Vs Narre Warren
+11.7%
Median sale
Suburb $796,500
-0.39 pp
Gross yield
Suburb 3.71%
Suburb median $796,500 from 26 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Based on the low end of the asking range, not a contract price.
$54,357 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.
Based on the low end of the asking range, not a contract price.
Pre-filled with Narre Warren'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 $568/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 3.3%. 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
Narre Warren at a glance
28,665
People
$796,500
Median sale
$568/wk
Median rent
3.71%
Suburb gross yield
Median sale from 26 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White Narre WarrenWelcome to Austin Avenue, Narre Warren, a rare chance to secure two side-by-side properties on separate titles at 8 Austin Ave & 10 Austin Ave, offering a combined landholding of approximately 1458sqm to power your next project.
Zoned General Residential Zone 2 (GRZ2) and positioned directly opposite the newly upgraded Narre Warren Station, this premium site presents exceptional potential for multi-dwelling or apartment development (STCA).
Proudly presented by Ray White Narre Warren, the allotments benefit from generous proportions including approximately 36 metres frontage and over 40 metres depth.
Enjoy unbeatable convenience with easy walking distance to Westfield Fountain Gate, Narre Warren Station, the Webb Street shopping strip, and quick access to major freeways.
Existing dwellings (both currently leased to long-term tenants):
• 10 Austin Ave - 4 bedrooms, 2 bathrooms, 2 car spaces (729sqm)
• 8 Austin Ave - 3 bedrooms, 1 bathroom, 2 car spaces (729sqm)
Own 1 or take both! Begin your journey on Austin Ave, Narre Warren.
Providing immediate holding income while you plan your future development. With a blue-chip location, strong zoning, and substantial combined land size, this is a standout opportunity for developers and investors alike.
The opportunity is endless to secure your foothold in one of Narre Warren's most strategic locations today.
For further information or to arrange an inspection, contact Hamed on 0421 216 667
For all property viewings, please have photo identification available. Viewings can be attended as scheduled or arranged upon request.
*All information about the properties has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Interested parties should make and rely on their own enquiries in relation to the properties. The properties at 8 Austin Avenue and 10 Austin Avenue, Narre Warren are held on separate titles and are being marketed together as a combined development opportunity; however, they may be sold separately. Land sizes, dimensions, zoning and development potential are subject to council approval (STCA) and relevant authority approvals.
Any development potential, site dimensions, frontage and depth are indicative only and subject to council approval (STCA), planning requirements and independent due diligence. Purchasers should obtain their own planning, legal and building advice prior to purchase.
Listing description written by Hamed Azizi, Ray White Narre Warren — reproduced as published, not verified by Districts.