Drysdale at a glance
6,509
People
$742,500
Median sale
$528/wk
Median rent
3.70%
Suburb gross yield
Median sale from 20 recorded sales (last 12 months) — a Districts calculation.
VIC › Drysdale › Palmerston St
$980,000–$1,070,000
For sale
Asking range
$990,000
Last sold
24 Oct 2021
5
Bedrooms
2
Bathrooms
2
Car spaces
1,215 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
$980,000–$1,070,000
Asking range · $807/m² of land
Last recorded sale $990,000 (24 Oct 2021).
Local land rate: recorded House sales in Drysdale (last 5 years) with land size have a median of $1,263/m² of land (n=65). Districts calculation from recorded sales — not a valuation.
Drysdale at a glance
6,509
People
$742,500
Median sale
$528/wk
Median rent
3.70%
Suburb gross yield
Median sale from 20 recorded sales (last 12 months) — a Districts calculation.
Vs Drysdale
+32.0%
Median sale
Suburb $742,500
-0.90 pp
Gross yield
Suburb 3.70%
Suburb median $742,500 from 20 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.
$59,998 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 Drysdale'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 $528/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 2.8%. 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
Drysdale at a glance
6,509
People
$742,500
Median sale
$528/wk
Median rent
3.70%
Suburb gross yield
Median sale from 20 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Bellarine PropertyThe Feel:
Situated in the heart of Drysdale and only an easy 15-minute drive to the wonderful beaches of Ocean Grove, Point Lonsdale and Portarlington, this immaculately presented home offers a beautiful balance of comfort, space and functionality. Thoughtfully designed with family living in mind, the residence delivers a warm and welcoming atmosphere, with two generous living zones creating a wonderful sense of flexibility, privacy and room to unwind. Whether it’s kicking the footy, gathering around the fire pit with marshmallows, or simply relaxing outdoors, the yard creates an ideal environment for families to make lasting memories. Positioned within easy strolling distance to cafés, supermarkets, schools, recreation reserves and day-care centres, this is a home that delivers both lifestyle and everyday convenience in equal measure.
The Facts:
-OP living, meals and kitchen occupy the central hub of the home
-Traditional hostess kitchen complete with butler’s pantry and quality s/s appliances
-Highly desirable north orientation amplifies natural light throughout
-Spacious rumpus room and second lounge provide multiple living options
-Ducted heating and cooling system promotes year-round comfort
-Timber floors and a neutral colour palette create a timeless interior aesthetic
-Freshly painted throughout and beautifully maintained inside and out
-All windows and glass doors are double glazed, enhancing thermal efficiency and comfort
-Newly installed Mitsubishi ducted heating and cooling system throughout
-Outdoor verandah and patio area ideal for entertaining family and friends
-Double garage plus additional rear shed provide excellent storage solutions
-Ideal family home or future redevelopment/subdivision opportunity (STCA)
-Potential for commercial use (STCA) within the township boundary
-Approx. 200m (approx.) flat walk to all practical local amenities
-Zoned for preferred local schools, nearby public transport and sporting facilities
-On the doorstep of award-winning wineries, restaurants and coastal attractions
-Positioned centrally to both the surf coast and bay beaches — the best of both worlds!
The Owner Loves….
“We’ve loved the space our home provides both inside and out. The large floorplan has accommodated our family with ease, with the huge rear yard being a great bonus. Being a short walk to town makes life easy and gifts a great sense of community.”
*All information offered by Bellarine Property is provided in good faith. It is derived from sources believed to be accurate and current as at the date of publication and as such Bellarine Property simply pass this information on. Use of such material is at your sole risk. Prospective purchasers are advised to make their own enquiries with respect to the information that is passed on. Bellarine Property will not be liable for any loss resulting from any action or decision by you in reliance on the information.
Listing description written by Lee Martin, Bellarine Property — reproduced as published, not verified by Districts.