Metung at a glance
1,912
People
$485,000
Median sale
$462/wk
Median rent
4.95%
Suburb gross yield
Median sale from 18 recorded sales (last 12 months) — a Districts calculation.
$760,000
Last sold
12 July 2024
3
Bedrooms
2
Bathrooms
6
Car spaces
709 m²
Land
Districts View
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
Last sold
$760,000
12 July 2024 · derived via latest_sale
Local land rate: recorded House sales in Metung (last 5 years) with land size have a median of $350/m² of land (n=27). Districts calculation from recorded sales — not a valuation.
Metung at a glance
1,912
People
$485,000
Median sale
$462/wk
Median rent
4.95%
Suburb gross yield
Median sale from 18 recorded sales (last 12 months) — a Districts calculation.
Vs Metung
+56.7%
Median sale
Suburb $485,000
-1.79 pp
Gross yield
Suburb 4.95%
Suburb median $485,000 from 18 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
ZN
Zone
GENERAL RESIDENTIAL ZONE - SCHEDULE 1
GRZ1
Jurisdiction
East Gippsland
East Gippsland, VIC
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
VICZoned GENERAL RESIDENTIAL ZONE - SCHEDULE 1 · GRZ1 (ZN). Official parcel area about 721 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Official parcel about 721 m² — land size can look like optionality. What reduces it: VEGETATION PROTECTION OVERLAY - SCHEDULE 3; DESIGN AND DEVELOPMENT OVERLAY - SCHEDULE 11. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $462/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.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. 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.
3 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned GENERAL RESIDENTIAL ZONE - SCHEDULE 1 · GRZ1 (ZN). Official parcel area about 721 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
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?
KnownlowOfficial parcel about 721 m² — land size can look like optionality. What reduces it: VEGETATION PROTECTION OVERLAY - SCHEDULE 3; DESIGN AND DEVELOPMENT OVERLAY - SCHEDULE 11. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. 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
UnknownNo DA adapter returned applications 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
Metung at a glance
1,912
People
$485,000
Median sale
$462/wk
Median rent
4.95%
Suburb gross yield
Median sale from 18 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by RE/MAX GenesisThis solid, well built family home is located in a well established quiet court in the highly sought after waterside location of Metung.
Perfectly settled in a sought-after street in magical Metung, this home's location is second to none. Ten minutes walking distance to the village centre, the popular Metung Hotel, cafe's, shops, boardwalk, fishing, walking and biking trails is the epitome of convenient living. Whether it's for an early morning coffee, late-night drinks and everything else in between, you'll be spoilt for choice here! The waterways are stunning and make for a beautiful place to call home. By car you can access the Golf Course, Country Club and the newly completed Hot Springs.
The home overall comprises of three bedrooms, the master bedroom is complete with his and hers walk-in-robe and ensuite. Two further bedrooms with built-in-robes are at the rear of the home, with the second bathroom, separate toilet and laundry.
At the heart of this home is the large kitchen and casual dining room with plenty of overhead cupboards and a super convenient centre island bench that provides a breakfast bar option. With loads of bench space and a perfect layout especially with more than one person in this space, you will want to cook up a feast for your family and friends.
Moving through the property you have three individually zoned living areas that are currently utilised as a formal dining, lounge and family living room - these kind of zones will offer an option for a theatre room or perhaps a home office space, the options are only limited by your creativity.
The outside of the property is immaculate and houses an extra large double lock up garage including a large workbench, sink and toilet. The double carport is an added bonus for your caravan, boat or trailer.
PROPERTY FEATURES
* Undercover outdoor entertaining patio area
* Established and low maintenance gardens
* Double carport - room for the caravan, boat or trailer
* Large double garage with sink, toilet and workbench
* Glass balustrades
* Undercover entry
* Solar panels x 12
* Wood heater and split system cooling
* New timber look vinyl flooring
* Good sized block - 709m2
NEARBY FACILITIES
* Metung Village - 10 min walk
* Lake King
* Bancroft Bay - boating paradise and boardwalk
* Metung Country Club, Golf Course and Hot Springs
* Metung Primary School
* Cantrills Lookout walking tracks
* Metung Yacht Club
This property is so well located it will be snapped up quickly.
Call selling agent DANIEL SCHOEMAN 0417 824 769 for a private viewing.
_________________________________________________________
Due Diligence Checklist
What you need to know before buying a residential property. Before you buy a home, you should be aware of a range of issues that may affect that property and impose restrictions or obligations on you, if you buy it. This checklist aims to help you identify whether any of these issues will affect you. The questions are a starting point only and you may need to seek professional advice to answer some of them. You can find links to organisations and web pages that can help you learn more, by visiting the due diligence checklist page on the Consumer Affairs Victoria website (consumer.vic.gov.au/duediligencechecklist).
Disclaimer: All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy, and interested persons should rely on their own enquiries.
*Please note that the image indicating the boundary lines is an estimate only. The actual boundary lines for this property are provided in the Section 32 / Vendor Statement.
Listing description written by Daniel Schoeman, RE/MAX Genesis — reproduced as published, not verified by Districts.