Districts
SuburbsBlogSearch
Sign inGet started
Districts
SuburbsBlogSearch
Sign inGet started

VIC › Diggers Rest › Bluegrass Way

16 Bluegrass Way, Diggers Rest VIC 3427

House

$685,000

Last sold

18 Feb 2026

4

Bedrooms

2

Bathrooms

2

Car spaces

349 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 $685,000 (18 Feb 2026).(Recorded sale)
  • FactLand 349 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Diggers Rest (last 5 years) with land size: median $1,763/m² of land (n=102). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

  • FactZoned URBAN GROWTH ZONE - SCHEDULE 5 (UGZ5) under the ZN.(Vicmap Planning · 1 Sept 2026)

What could make it worth less?

  • FactDEVELOPMENT CONTRIBUTIONS PLAN OVERLAY - SCHEDULE 5 intersects 99.8% of this parcel.(Vicmap Planning · 1 Sept 2026)

What should you verify next?

  1. 1DEVELOPMENT CONTRIBUTIONS PLAN OVERLAY - SCHEDULE 5 affects this parcel — verify the mapped extent against the title / planning certificate before relying on unaffected land.
  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

What this lot has actually traded at

Last sold

$685,000

18 Feb 2026 · derived via latest_sale

Local land rate: recorded House sales in Diggers Rest (last 5 years) with land size have a median of $1,763/m² of land (n=102). Districts calculation from recorded sales — not a valuation.

Diggers Rest at a glance

7,972

People

$665,000

Median sale

$504/wk

Median rent

3.94%

Suburb gross yield

Median sale from 136 recorded sales (last 12 months) — a Districts calculation.

See the full Diggers Rest report →

Vs Diggers Rest

+3.0%

Median sale

Suburb $665,000

-0.11 pp

Gross yield

Suburb 3.94%

Suburb median $665,000 from 136 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Planning

Planning and development

Planning scheme

ZN

Zone

URBAN GROWTH ZONE - SCHEDULE 5

UGZ5

Jurisdiction

Melton

Melton, VIC

Planning overlays

  • DEVELOPMENT CONTRIBUTIONS PLAN OVERLAY - SCHEDULE 5Detected — 99.8% of parcel

Development activity

Data unavailable

Source

  • Provider: Vicmap Planning
  • Dataset: PLAN_ZONE
  • Retrieved: 1 Sept 2026
  • Version: 1
  • Parcel: 428399537

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. Sold$685,00018 Feb 2026
  2. Listedprice unknowncompleted3 Feb 2026
  3. Listedprice unknowncompleted3 Feb 2026

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 URBAN GROWTH ZONE - SCHEDULE 5 · UGZ5 (ZN). Official parcel area about 351 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.

What could kill that thesis?

Confidence: low

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. The listing may look cheap relative to land or the street. What reduces it: DEVELOPMENT CONTRIBUTIONS PLAN OVERLAY - SCHEDULE 5. This overlay can reduce what the land size appears to promise. 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 $504/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

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

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.

3 of 10 questions answered so far

  • Development optionality of this lot

    Knownmedium

    Zoned URBAN GROWTH ZONE - SCHEDULE 5 · UGZ5 (ZN). Official parcel area about 351 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

    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?

    Knownlow

    The listing may look cheap relative to land or the street. What reduces it: DEVELOPMENT CONTRIBUTIONS PLAN OVERLAY - SCHEDULE 5. This overlay can reduce what the land size appears to promise.

  • Lot-level flood

    Unknown

    Flood overlay has not been queried for this lot. 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

    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

Diggers Rest in one glance

Diggers Rest at a glance

7,972

People

$665,000

Median sale

$504/wk

Median rent

3.94%

Suburb gross yield

Median sale from 136 recorded sales (last 12 months) — a Districts calculation.

See the full Diggers Rest report →

Keep researching

  • Why Diggers Rest? Read the area thesis →
  • What else is on the market in Diggers Rest →
  • Other records on Bluegrass Way →

Listing material

Listed by Ray White Sunbury

Modern Living with Everyday Convenience

This well-presented modern home delivers a practical and comfortable layout suited to families, first-home buyers and investors alike. Designed for easy living, the residence combines functional spaces with contemporary finishes throughout.

The open-plan kitchen, dining and living area forms the centre of the home, featuring timber flooring, downlights and a seamless layout ideal for everyday living and entertaining. Thoughtfully positioned glazing allows for excellent natural flow and a spacious feel across the main living zone.

The contemporary kitchen is well equipped with a central island bench, ample cabinetry, modern appliances and a walk-in pantry, providing plenty of storage and workspace.

Read the full description

Accommodation includes well-proportioned bedrooms with built-in robes and plush carpeting. The master bedroom features a private ensuite, while the remaining bedrooms are ideal for family members, guests or a home office. The bathrooms are finished with modern fixtures and a clean, functional design. Comfort is ensured year-round with ducted reverse-cycle heating and cooling throughout the home, while a double garage with internal access adds everyday convenience and security.

Designed for low-maintenance living, the home is positioned within the family-friendly community of Diggers Rest, close to parklands, walking trails, schools, childcare centres and shopping precincts. Diggers Rest Train Station is within walking distance, offering a direct commute to Melbourne CBD, with easy access to the Calder Freeway further enhancing connectivity.

Please note we require photo ID when attending opens

In preparing this information, Ray White Sunbury has used our best endeavours to ensure that the statements contained herein are true and accurate. All information (including but not limited to the property area, floor size, price, address and general property description) has been provided to Ray White Sunbury by third parties. As such, Ray White Sunbury makes no statement, representation, or warranty and assumes no legal liability in relation to the accuracy, context or suitability for any purpose of the information provided in advertising the property. Prospective purchasers should conduct their own due diligence and inquiries to verify the information independently.

We encourage buyers to make their own enquiries and refer you to the due diligence checklist provided by Consumer Affairs for further information

http://www.consumer.vic.gov.au/duediligencechecklist

Listing description written by Aaron Hill, Ray White Sunbury — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Built-in Robes
  • Secure Parking
  • Toilets: 2
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.