Wallan at a glance
17,240
People
$615,000
Median sale
$520/wk
Median rent
4.40%
Suburb gross yield
Median sale from 74 recorded sales (last 12 months) — a Districts calculation.
VIC › Wallan › Gardenia Ave
$620,000–$680,000
For sale
Asking range
4
Bedrooms
2
Bathrooms
2
Car spaces
462 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
$620,000–$680,000
Asking range · $1,342/m² of land
No recorded sale for this property.
Wallan at a glance
17,240
People
$615,000
Median sale
$520/wk
Median rent
4.40%
Suburb gross yield
Median sale from 74 recorded sales (last 12 months) — a Districts calculation.
Vs Wallan
+0.8%
Median sale
Suburb $615,000
-0.04 pp
Gross yield
Suburb 4.40%
Suburb median $615,000 from 74 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.
$37,525 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 Wallan'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 $520/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 4.4%. 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
Wallan at a glance
17,240
People
$615,000
Median sale
$520/wk
Median rent
4.40%
Suburb gross yield
Median sale from 74 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Oberoi Real Estate4 Bedrooms, 2 Bathrooms, 2 Lounges, 2 Car garage, 461m² Land approx.
The home:
Some homes are built. This one was crafted. From the moment you pull up to 23 Gardenia Avenue the landscaped front yard, the street appeal that makes you slow down. You'll sense that something here is different. Step inside and it only gets better.
This stunning family home is the kind of place where Sunday mornings feel longer and evenings under the alfresco stretch well into the night. Life here simply works.
"It's not just what you see first, it's what you notice after. The details here tell a story of a home built with real care and intention."
Inside:
The well thought out floor plan that delivers two separate living areas, a beautifully appointed kitchen open to the dining space and a natural flow that makes entertaining effortless and everyday life a pleasure. Three spacious bedrooms are fitted with mirror door wardrobes, while the Master Suite is a true retreat complete with a private ensuite and walk-in robe.
The central bathroom with separate toilet service the home with ease and the double remote-control garage adds the kind of everyday convenience that quickly becomes indispensable.
The alfresco, the heart of the home:
Step outside and discover what makes this property truly special. The undercover alfresco is cleverly designed to sit between the home and the backyard, creating two worlds that work perfectly together. Fire up the barbecue, pour a glass and settle in while the kids run free in the yard. Everyone's happy, everyone's together and nobody's far away. Sheltered, spacious and seamlessly connected to the indoors, it's the kind of space that turns an ordinary evening into something worth remembering. This is where the soul of the home really shines.
Features at a glance:
Fully Landscaped front yard
Concrete Driveway
Security door
Remote control double Garage
Double blinds
Fly screens
Ducted Heating
Evaporative Cooling
Mirrored Wardrobe doors
Decorative Paving
Freestanding 900 mm Cooktops
Stainless steel Appliances
Stone Benchtops
LED Lighting
Solar Water Heater
Rainwater Tank
The location
Gardenia Avenue sits in one of Wallan's most sought-after pocket. A quiet, tree-lined street that feels a world away from the city rush, yet keeps you well connected to everything that matters.
Wallan is one of Melbourne's north's fastest-growing communities for good reason. Local schools, Coles, Woolworths and even ALDI, cafes and parks are all within easy reach. Hop on the V/Line for a relaxed commute to the CBD or jump on the Hume Freeway for easy access to Epping, Melbourne and beyond even Sydney when the road calls. Wallan keeps you connected without compromising the lifestyle.
Listing description written by Ellery Stephens, Oberoi Real Estate — reproduced as published, not verified by Districts.