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VIC › Nyora › Forster Dr

18 Forster Dr, Nyora VIC 3987

For saleRural Property for Sale

$890,000–$960,000

For sale

Asking range

3

Bedrooms

2

Bathrooms

8

Car spaces

6,891 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $890,000–$960,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $890,000–$960,000(Listing record · 21 Apr 2026)
  • FactLand 6,891 m²; no building size recorded.(Property record)
  • CalculationAsk is 4% below the Nyora median recorded sale ($926,000, n=15, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Nyora's advertised median rent ($483/wk), implied gross yield would be 2.82% — 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

$890,000–$960,000

Asking range · $129/m² of land

No recorded sale for this property.

Nyora at a glance

1,621

People

$926,000

Median sale

$483/wk

Median rent

2.71%

Suburb gross yield

Median sale from 15 recorded sales (last 12 months) — a Districts calculation.

See the full Nyora report →

Vs Nyora

-3.9%

Median sale

Suburb $926,000

+0.11 pp

Gross yield

Suburb 2.71%

Suburb median $926,000 from 15 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$890,000
Stamp Duty (Victoria)
$48,470
Transfer/Registration Fee
$2,187
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
$944,357

$54,357 on top of the price (6.1% 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

Based on the low end of the asking range, not a contract price.

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

Net yield
1.32%
Annual cashflow (pre-tax)
$-34,514
Interest cover (DSCR)
0.25
Annual rent
$25,116
Operating expenses
$13,350
Loan amount
$712,000
Annual interest
$46,280
Gross yield
2.82%

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$890,000–$960,000available21 Apr 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?

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 $483/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

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

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

Nyora in one glance

Nyora at a glance

1,621

People

$926,000

Median sale

$483/wk

Median rent

2.71%

Suburb gross yield

Median sale from 15 recorded sales (last 12 months) — a Districts calculation.

See the full Nyora report →

Keep researching

  • Why Nyora? Read the area thesis →
  • What else is on the market in Nyora →
  • Other records on Forster Dr →

Listing material

Listed by Barry Plant Korumburra

Immaculate Acreage Living with Exceptional Shedding & Future Potential

Set on an expansive 6,891sqm allotment in a quiet no-through road, this well-kept property presents an outstanding opportunity to secure your own slice of acreage living-just a short walk to town and the Gippsland Southern Rail Trail.

The home itself is honest, comfortable, and immaculately maintained, offering three generous bedrooms and two bathrooms. While not oversized, each room is well-proportioned, creating a practical and inviting layout that feels immediately liveable, with scope to update and add your own style over time. Warm timber features flow throughout, complemented by a wood fire and split system heating and cooling to ensure year-round comfort.

Step outside and the lifestyle really opens up. An expansive rear deck provides the perfect space for entertaining, complete with a built-in bar-ideal for gatherings with family and friends while overlooking the beautifully maintained grounds. The land is neat, usable, and fully enclosed at the rear, offering a safe and secure space for kids and pets.

Read the full description

For those needing serious shedding or workspace, the infrastructure here is exceptional. A huge 20m x 12m shed is equipped with a kitchenette and hoist, making it perfect for car enthusiasts, tradies, or anyone with machinery or hobbies requiring space. In addition, a separate two-car garage and ample parking ensure there's room for everything.

A 4.5kW (17 panel) solar system adds efficiency and helps keep running costs down.

Whether you're looking for your first acreage property, a place to spread out, or a home with the potential to further enhance, this is a fantastic opportunity. Comfortable as is, yet offering plenty of scope to modernise and make it your own, all in a peaceful, convenient location.

Listing description written by Joanne Gillard, Barry Plant Korumburra — reproduced as published, not verified by Districts.

Property features

  • Built-in Robes
  • Deck
  • Dishwasher
  • Ensuites: 1
  • Living Areas: 1
  • Secure Parking
  • Shed
  • Solar Panels
  • Toilets: 2
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.