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.
VIC › Nyora › Restlee Dr
$1,100,000
Last sold
21 June 2023
4
Bedrooms
2
Bathrooms
4
Car spaces
46,781.66 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
$1,100,000
21 June 2023 · derived via latest_sale
Local land rate: recorded Rural Property sales in Nyora (last 5 years) with land size have a median of $92/m² of land (n=6). Districts calculation from recorded sales — not a valuation.
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.
Vs Nyora
+18.8%
Median sale
Suburb $926,000
-0.43 pp
Gross yield
Suburb 2.71%
Suburb median $926,000 from 15 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 $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.
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
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.
Listing material
Listed by Elders Real Estate Leongatha/ KorumburraLocated a short drive out of the popular township of Nyora you will find 'Koorrnong', an appealing property with a private feel comprising of a well-kept 4-bedroom home and shedding on approximately 11.56 acres. The property also includes a gorgeous native bush corridor with tree ferns, a creek with bird & wildlife, all for your enjoyment. 'Koorrnong' would be an ideal horse property or would also suit cattle, sheep, alpacas, and other hobby farm interests.
Key features of this property:
- Spacious master bedroom with walk-in-robe and ensuite
- 2 additional bedrooms with built in robes plus a 4th bedroom or study
- Well-appointed kitchen with breakfast bar, electric cooktop, electric wall oven and dishwasher
- The dining area overlooks the picturesque garden
- Open plan north facing living areas capture stunning vistas of the property
- The separate formal lounge has a gorgeous open fireplace for those cosy winter nights
- Heating and cooling are via a free-standing wood heater and electric split system
- Family bathroom includes walk-in-shower, bath, vanity, and a separate toilet
- A wrap-around decked veranda is perfect to enjoy the serenity
- Native bush corridor with a creek, tree ferns, wildlife & birdlife
- 2.66kw solar system feeds back into the grid
- Water supply is via tank water & a large dam
- Ample shedding for machinery and storage
- Yards and loading race for cattle
Ideally located 20 minutes from Korumburra, 40 minutes to the beautiful beaches of Inverloch and Wonthaggi and under 1hr 45mins to Melbourne's CBD. 'Koorrnong' may just be the lifestyle property you have been looking for so don't hesitate to contact Katrina Griggs on 0428 571 083 or Don Olden on 0417 805 312 for more information or to arrange an inspection of this lovely property.
For a Due Diligence Checklist go to: consumer.vic.gov.au/duediligencechecklist
Listing description written by Katrina Griggs, Elders Real Estate Leongatha/ Korumburra — reproduced as published, not verified by Districts.