Districts
SuburbsBlogSearch
Sign inGet started
Districts
SuburbsBlogSearch
Sign inGet started

VIC › Tongala › Matheson Rd

1416 Matheson Rd, Tongala VIC 3621

Rural Property

$785,000

Last sold

26 Mar 2025

4

Bedrooms

2

Bathrooms

4

Car spaces

121,405.693 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $785,000 (26 Mar 2025).(Recorded sale)
  • FactLand 121,406 m²; no building size recorded.(Property record)
  • CalculationRecorded Rural Property sales in Tongala (last 5 years) with land size: median $9/m² of land (n=6). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

  • FactZoned TRANSPORT ZONE 1 - STATE TRANSPORT INFRASTRUCTURE (TRZ1) under the ZN.(Vicmap Planning · 30 Aug 2026)

What could make it worth less?

  • FactSPECIFIC CONTROLS OVERLAY - PS MAP REF SCO2 intersects 99.8% of this parcel.(Vicmap Planning · 30 Aug 2026)
  • FactLAND SUBJECT TO INUNDATION OVERLAY intersects 32.1% of this parcel.(Vicmap Planning · 30 Aug 2026)

What should you verify next?

  1. 1SPECIFIC CONTROLS OVERLAY - PS MAP REF SCO2 affects this parcel — verify the mapped extent against the title / planning certificate before relying on unaffected land.
  2. 2LAND SUBJECT TO INUNDATION OVERLAY affects this parcel — verify the mapped extent against the title / planning certificate before relying on unaffected land.
  3. 3No 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

What this lot has actually traded at

Last sold

$785,000

26 Mar 2025 · derived via latest_sale

Local land rate: recorded Rural Property sales in Tongala (last 5 years) with land size have a median of $9/m² of land (n=6). Districts calculation from recorded sales — not a valuation.

Tongala at a glance

1,949

People

$547,500

Median sale

$392/wk

Median rent

3.72%

Suburb gross yield

Median sale from 18 recorded sales (last 12 months) — a Districts calculation.

See the full Tongala report →

Vs Tongala

+43.4%

Median sale

Suburb $547,500

-1.12 pp

Gross yield

Suburb 3.72%

Suburb median $547,500 from 18 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Planning

Planning and development

Planning scheme

ZN

Zone

TRANSPORT ZONE 1 - STATE TRANSPORT INFRASTRUCTURE

TRZ1

Jurisdiction

Campaspe

Campaspe, VIC

Planning overlays

  • environmentalDetected

Development activity

Data unavailable

Source

  • Provider: Vicmap Planning
  • Dataset: PLAN_ZONE
  • Retrieved: 30 Aug 2026
  • Version: 1
  • Parcel: 5364396

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

Detected — official

The official layer maps a flood zone on this parcel, intersecting about 32.1% of it (Vicmap Planning, retrieved 30 Aug 2026). Verify the extent against the title before relying on unaffected land.

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. Sold$785,00026 Mar 2025
  2. Listedprice unknowncompleted18 Feb 2025
  3. Listedprice unknowncompleted18 Feb 2025

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?

Confidence: medium

Zoned TRANSPORT ZONE 1 - STATE TRANSPORT INFRASTRUCTURE · TRZ1 (ZN). Official parcel area about 123,820 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision looks constrained (often the rear or handle of the lot). 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.

What could kill that thesis?

Confidence: medium

32.1% of the official parcel intersects the loaded flood overlay. Layer: LAND SUBJECT TO INUNDATION OVERLAY. That is a finance, insurance, and rentability screen — distinct from whether the land can be subdivided. It is not a flood certificate or an insurer quote. Flood overlay on a material share of the lot can kill a rear-lot or battleaxe subdivision story. Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Official parcel about 123,820 m² — land size can look like optionality. What reduces it: SPECIFIC CONTROLS OVERLAY - PS MAP REF SCO2; LAND SUBJECT TO INUNDATION OVERLAY. 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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $392/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. Flood on or flagged for this lot can discount tenant demand versus a dry comparable.

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

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

What this means for this property

Districts view

This looks more like a hold-as-is house than a development site. Flood on the lot is the first thing to price.

Detail

Official parcel about 123,820 m² — land size can look like optionality. What reduces it: SPECIFIC CONTROLS OVERLAY - PS MAP REF SCO2; LAND SUBJECT TO INUNDATION OVERLAY. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack.

Read more

Nearby competing dwellings and net yield are still unknown.

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.

4 of 10 questions answered so far

  • Development optionality of this lot

    Knownmedium

    Zoned TRANSPORT ZONE 1 - STATE TRANSPORT INFRASTRUCTURE · TRZ1 (ZN). Official parcel area about 123,820 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision looks constrained (often the rear or handle of the lot). This is a screen, not a planning certificate.

  • 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?

    Knownmedium

    Official parcel about 123,820 m² — land size can look like optionality. What reduces it: SPECIFIC CONTROLS OVERLAY - PS MAP REF SCO2; LAND SUBJECT TO INUNDATION OVERLAY. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack.

  • Lot-level flood

    Knownmedium

    32.1% of the official parcel intersects the loaded flood overlay. Layer: LAND SUBJECT TO INUNDATION OVERLAY. That is a finance, insurance, and rentability screen — distinct from whether the land can be subdivided. It is not a flood certificate or an insurer quote.

  • Catalyst exposure

    Unknown

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

  • This lot's DA history

    Unknown

    No DA adapter returned applications 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

Tongala in one glance

Tongala at a glance

1,949

People

$547,500

Median sale

$392/wk

Median rent

3.72%

Suburb gross yield

Median sale from 18 recorded sales (last 12 months) — a Districts calculation.

See the full Tongala report →

Keep researching

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

Listing material

Listed by First National Real Estate McConnell

30 Acre – Well Treed Farmlet

• Outstanding 30 acre lifestyle property located on quiet sealed road with magnificent established treed setting.

• Set well off the road this original owner 4 bedroom brick veneer with ensuite & classic timber features.

• Clever design with sunny northerly aspect plus energy saving solar panels.

Read the full description

• Recently renovated kitchen with stone benchtops & stainless appliances.

• Very useable acreage that can be irrigated plus 18.6m x 7.8m shed.

• Conveniently located being only 4km from Tongala & 11km from Kyabram.

Listing description written by Brendan Mcconnell, First National Real Estate McConnell — 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.

Research

  • Property search
  • Suburb profiles
  • Blog
  • Calculators
  • Follow suburbs
  • Sign in

Learn

  • How we use data
  • What's covered
  • Questions
  • Who it's for
  • Access

Company

  • About
  • Contact
  • support@districts.com.au

Legal

  • Privacy
  • Terms

© 2026 Districts

districts.com.au

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