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VIC › Metung › Stirling Rd

124A Stirling Rd, Metung VIC 3904

For saleLand

$229,000

For sale

Asking

0

Bedrooms

0

Bathrooms

0

Car spaces

1,995 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $229,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $229,000(Listing record · 11 Oct 2024)
  • FactLand 1,995 m²; no building size recorded.(Property record)
  • CalculationRecorded Land sales in Metung (last 5 years) with land size: median $187/m² of land (n=15). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationAsk is 53% below the Metung median recorded sale ($485,000, n=18, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Metung's advertised median rent ($462/wk), implied gross yield would be 10.49% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

The ask against the evidence

Asking

$229,000

Asking · $115/m² of land

No recorded sale for this property.

Local land rate: recorded Land sales in Metung (last 5 years) with land size have a median of $187/m² of land (n=15). 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.

See the full Metung report →

Vs Metung

-52.8%

Median sale

Suburb $485,000

+5.54 pp

Gross yield

Suburb 4.95%

Suburb median $485,000 from 18 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$229,000
Stamp Duty (Victoria)
$8,810
Transfer/Registration Fee
$640
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$242,150

$13,150 on top of the price (5.7% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

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.

Rental yield

Pre-filled with Metung's advertised median rent — not a rent for this listing.

Net yield
8.99%
Annual cashflow (pre-tax)
$8,681
Interest cover (DSCR)
1.73
Annual rent
$24,024
Operating expenses
$3,435
Loan amount
$183,200
Annual interest
$11,908
Gross yield
10.49%

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.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$229,000available11 Oct 2024

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

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. No recorded off-street parking — often a discount versus the suburb median for the same beds.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 10.5%. 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

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Metung in one glance

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.

See the full Metung report →

Keep researching

  • Why Metung? Read the area thesis →
  • What else is on the market in Metung →
  • Other records on Stirling Rd →

Listing material

Listed by RE/MAX Genesis

Prime Position and Potential

Located in the lovely lake side coastal town of Metung is the superb opportunity to buy tranquillity at its best, make sure you take the time to stand on this rare piece of earth to fully appreciate the peacefulness and its surrounds.

This highly sought-after location is conveniently located only 900 meters away, a 15 minutes walk on a designated foot path to Metung Village, yacht club, marina, restaurants, and cafes. The recently opened Metung Hot Springs and Metung Country Club is only a short drive away and its the perfect location to get creative and build your forever home.

This amazing north facing blank canvas of half acre (approx.) with an established tree canopy awaits your creativity and architectural aspirations (STCA) in designing your new dream home that will be envied by everyone.

Read the full description

PROPERTY FEATURES

* Fully fenced

* Water service connected

* New sewerage line

* Underground power available

* Established bushland surrounds

NEARBY FACILITIES

* Metung Hot Springs and Golf Course - 3.1km (approx.)

* Metung Yacht Club - 2.2km (approx.)

* Metung Hotel - 900m (approx.)

* Lake King - 920m (approx.)

* Metung Primary School - 350m (approx.)

Wake-up and adsorb the beautiful sunrises over breakfast and spend lazy days crabbing, boating, kayaking, cycling or a leisurely stroll along the picturesque boardwalk.

Situated 20kms (approx.) from Lakes Entrance and 30 km (approx.) from Bairnsdale, this is the sort of property you will want to pass down from generation to generation.

There are limited blocks available in this area, so be sure to secure your footprint.

Call DANIEL SCHOEMAN on 0417 824 769 for further information.

_________________________________________________________

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.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.