Olinda at a glance
1,741
People
$1,180,000
Median sale
$629/wk
Median rent
2.77%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
$1,600,000
Last sold
9 Dec 2021
4
Bedrooms
3
Bathrooms
3
Car spaces
5,048 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
Last sold
$1,600,000
9 Dec 2021 · derived via latest_sale
Local land rate: recorded House sales in Olinda (last 5 years) with land size have a median of $445/m² of land (n=80). Districts calculation from recorded sales — not a valuation.
Olinda at a glance
1,741
People
$1,180,000
Median sale
$629/wk
Median rent
2.77%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
Vs Olinda
+35.6%
Median sale
Suburb $1,180,000
-0.73 pp
Gross yield
Suburb 2.77%
Suburb median $1,180,000 from 13 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
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 $629/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.
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
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
Olinda at a glance
1,741
People
$1,180,000
Median sale
$629/wk
Median rent
2.77%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Bell Real Estate OlindaA sense of anticipation hangs in the air as you approach the entrance to 23 Mernda Road with the home ensconced down an enchanting tree-swathed drive. Spectacularly revealed, this showcase home on over an acre delivers impeccable architectural design, a tightly held cul-de-sac location and breathtaking views of Warburton Ranges and Silvan Reservoir. Wrapped within a glorious alfresco verandah that frames the stunning residence, the home is defined by signature raked ceilings that soar above mixed gum timber floors and lashings of glass to delight in postcard worthy sunrises and ever-changing 180 degree vistas.
Entertainers will relish the indoor/outdoor options to host friends and family, or you can simply keep this magnificent family home all to yourselves and enjoy living on top of the world in your own private retreat. Located a short drive from Olinda, Sassafras and Monbulk Villages, primary schools and moments from Olinda community pool, the gorgeous eco-playscape and off-leash dog park as well as all the tourist attractions of the glorious Dandenong Ranges, this incredible lifestyle offering could be yours.
Talking Points:
•Grand living, relaxing and entertaining spaces that each spill out to the wrap around verandah and a wide deck that takes in awe-inspiring vistas.
•Centrepiece chef’s kitchen with luxe stone bench tops and premium Gaggenau stainless steel appliances. The grand island bench is perfect for gazing at the dreamy views over a morning brew or socialising with friends as you meal prep.
•A lavishly sized living and dining room are enhanced by a crackling Coonara style woodfire.
•Oversized lounge offering a second sumptuous space to gather, relax or entertain.
•Two minor bedrooms are serviced by a central family bathroom and an additional powder room.
•Extravagant master bedroom with elegant dual vanity ensuite and an exquisite walk-in robe. An attached retreat/fourth bedroom drinks in postcard views.
•A huge triple garage and workshop/storage area with internal stairway has a powder room making it ideal as a home office or business space as well as a great teen hangout.
•Manicured gardens hug the home with curated spaces and meandering pathways leading to spots to sit, sun gaze or potter in the fresh air.
•Those who love to be self-sufficient will appreciate the hot house and enclosed orchard where you can grow and pick with the seasons.
•Luxury extras include double glazed windows and doors, quality light fittings, steel frame construction and gas ducted heating.
Local Secret:
A quiet no-through road bushland setting yet you can be in Monbulk township with the convenience of Woolworths, cafes, restaurants and amenities in 5-minutes.
Disclaimer: All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition) Interested parties should make their own enquiries and obtain their own legal advice.
Listing description written by Corinne Sukroo, Bell Real Estate Olinda — reproduced as published, not verified by Districts.