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VIC › Metung › Matthew Ave

2 Matthew Ave, Metung VIC 3904

For saleHouse for Sale

$1,325,000

For sale

Asking

4

Bedrooms

2

Bathrooms

6

Car spaces

3,244 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,325,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,325,000(Listing record · 10 Nov 2025)
  • CalculationLand 3,244 m² against a 256 m² dwelling — the land is most of what is being bought.(Districts calculation)
  • CalculationAsk is 173% above the Metung median recorded sale ($485,000, n=18, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Metung's advertised median rent ($462/wk), implied gross yield would be 1.81% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

  • InterpretationA large lot with a small dwelling means the value case rests on the land and what the zone allows on it, not the house.

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

$1,325,000

Asking · $408/m² of land

No recorded sale for this property.

Metung at a glance

1,912

People

$485,000

Median sale

$462/wk

Median rent

4.95%

Suburb gross yield

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

See the full Metung report →

Vs Metung

+173.2%

Median sale

Suburb $485,000

-3.14 pp

Gross yield

Suburb 4.95%

Suburb median $485,000 from 18 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$1,325,000
Stamp Duty (Victoria)
$72,875
Transfer/Registration Fee
$3,205
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
$1,404,780

$79,780 on top of the price (6.0% 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

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

Net yield
0.31%
Annual cashflow (pre-tax)
$-64,751
Interest cover (DSCR)
0.06
Annual rent
$24,024
Operating expenses
$19,875
Loan amount
$1,060,000
Annual interest
$68,900
Gross yield
1.81%

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

20242025$1.47m$1.32m
  • Sold (recorded)
  • Asking price (not a sale)
  1. Listed$1,325,000available9 Nov 2025
  2. Listed$1,465,000available7 Oct 2024

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 $462/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 1.8%. 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

Metung in one glance

Metung at a glance

1,912

People

$485,000

Median sale

$462/wk

Median rent

4.95%

Suburb gross yield

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

See the full Metung report →

Keep researching

  • Why Metung? Read the area thesis →
  • What else is on the market in Metung →
  • Other records on Matthew Ave →

Listing material

Listed by Coast to Country Real Estate

Atop the Hill with Views over Lake King

Perched atop a hill high above Lake King on a low maintenance block of almost an acre sits this quality home only around six years young. No volume builders here…the home was lovingly hand crafted by the current owners as their forever home, with absolutely no expense spared.

The lower level of the home comprises four bedrooms, three with built in robes and ceiling fans with the master suite featuring a walk-through robe and a modern ensuite. A family bathroom, with both freestanding bath and a shower is perfect for the family. A huge laundry and a powder room provide added convenience. Air conditioning in the hall helps maintain a comfortable temperature.

The open plan living area comprises a kitchen with island bench, ample storage, double fridge space, stone benchtops, dishwasher, large cooktop and oven, perfect for the Master Chef in the family. The living area also features a dining area and lounge although you could configure this huge open space to suit your needs! A reverse cycle helps keep the temperature comfortable all year round whilst double glazed windows and ceiling, wall and underfloor insulation minimise running costs.

Read the full description

Moving up to the top level of the home and WOW, checkout those views!!! Ideal for a variety of uses, the rumpus room has great views whichever way you look including over Lake King and farmland to the North. An inbuilt wet bar is perfect for entertaining whilst the wrap around deck provides almost uninterrupted views. Imagine entertaining your guest here and enjoying a cold beer or a glass of wine whilst enjoying the sun setting over the water.

An oversize, double remote-control garage at the front of the home providing plenty of room for the largest of vehicles. A garage to the rear of the property provides additional parking, ideal for those must have toys that you'll need once you're living here! There's even room for your own workshop and both power and water are connected! The garage also serves as the base for a large grid connected solar system whilst a water tank to the western end of the home provides water for the gardens and fruit trees.

Enjoy an abundance of fruit and veggies from your very own veggie garden…just like having your own private greengrocer at your back door. What's more rabbit proof fencing is installed around the boundary meaning what you grow is yours to keep! There's even a bird cage to the rear of the block that could be converted to a chick run to provide fresh eggs.

A short walk will have you over at the Metung Hot Springs for a bit of pampering or go for a round of golf and a meal at the nearby Metung Country Club. Alternatively, enjoy a leisurely stroll along the Lake King foreshore to the Metung Village shops and hotel. There are plenty of walking trails close by meaning you'll have no excuse to not get out and exercise! This home will surely tick a lot of boxes and, one thing's for certain, you'll be investing in a lifestyle, not just a home.

Have you ever wanted to take that holiday that never ends? Sit back, relax, and enjoy the serenity here and feel like you're on a permanent holiday. Please view our Virtual Tour online and for more information please contact Richard Ivey on 0401 113 310 or via email at richard@ctcre.com.au

Listing description written by Richard Ivey, Coast to Country Real Estate — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Balcony
  • Broadband
  • Built-in Robes
  • Deck
  • Dishwasher
  • Ensuites: 1
  • Fully Fenced
  • Living Areas: 2
  • Outdoor Entertaining
  • Remote Garage
  • Reverse Cycle Aircon
  • Shed
  • Toilets: 3
  • Water Tank
  • Workshop
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.