Bairnsdale at a glance
7,502
People
$513,750
Median sale
$479/wk
Median rent
4.85%
Suburb gross yield
Median sale from 50 recorded sales (last 12 months) — a Districts calculation.
VIC › Bairnsdale › Wallace St
$850,000
For sale
Asking
5
Bedrooms
2
Bathrooms
2
Car spaces
2,309 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
$850,000
Asking · $368/m² of land
No recorded sale for this property.
Bairnsdale at a glance
7,502
People
$513,750
Median sale
$479/wk
Median rent
4.85%
Suburb gross yield
Median sale from 50 recorded sales (last 12 months) — a Districts calculation.
Vs Bairnsdale
+65.5%
Median sale
Suburb $513,750
-1.92 pp
Gross yield
Suburb 4.85%
Suburb median $513,750 from 50 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$51,863 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 Bairnsdale'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 $479/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
Bairnsdale at a glance
7,502
People
$513,750
Median sale
$479/wk
Median rent
4.85%
Suburb gross yield
Median sale from 50 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by OBrien Real Estate BairnsdaleA home of this calibre is more than simply a place to live, it is a piece of Bairnsdale's history.
Built in 1911 and affectionately known by generations of locals as "The Doctor's House," this landmark residence has stood proudly for over a century, retaining the timeless elegance and craftsmanship that makes period homes so sought after. Rich in history, the home has served as a distinguished family residence, a convalescent home in the 1950s, and later the home of respected local physician, making it one of the town's most recognisable addresses.
Set upon an exceptional 2,309m² (approx.) street to street allotment, stretching from Wallace Street through to Burns Street, the property offers a level of space and flexibility rarely found within the heart of Bairnsdale. Front and rear access provide endless possibilities for families, hobbyists or those looking to further enhance an already remarkable property.
Inside, the character of a bygone era is immediately evident, with grand proportions, soaring pressed metal ceilings, decorative fireplaces and beautiful period detailing combining to create a home filled with warmth, charm and personality. The main residence offers four generous bedrooms, multiple living spaces and the timeless appeal that only a home of this era can provide.
Stepping outside, the established gardens and mature trees create a peaceful setting, while the expansive wrap around verandah provides the perfect place to relax and appreciate the beauty of the property.
Adding further versatility is a substantial self contained room positioned adjacent to the swimming pool. Complete with its own kitchenette, bathroom and ample living space, it presents endless possibilities as guest accommodation, a teenager's retreat, home office, studio or pool house.
The in ground swimming pool is ready for its next chapter and offers buyers an exciting opportunity to restore what would undoubtedly become a stunning centrepiece for family entertaining.
Vehicle accommodation includes a carport at the front of the property together with a single garage accessed from Burns Street, complementing the convenience of the dual street frontage.
Homes of this significance are rarely offered to the market. Combining rich local history, timeless architecture, exceptional land holding and exciting future potential, this is a once in a generation opportunity to secure one of Bairnsdale's true landmark residences.
Contact Felise Siania today on 0455 508 448
View the Due Diligence Checklist: consumer.vic.gov.au/duediligencechecklist
Listing description written by Felise Siania, OBrien Real Estate Bairnsdale — reproduced as published, not verified by Districts.