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VIC › Launching Place › Parkinsons Rd

250 Parkinsons Rd, Launching Place VIC 3139

For saleLand

$880,000–$960,000

For sale

Asking range

0

Bedrooms

0

Bathrooms

0

Car spaces

341,900 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $880,000–$960,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $880,000–$960,000(Listing record · 19 June 2026)
  • FactLand 341,900 m²; no building size recorded.(Property record)
  • CalculationRecorded Land sales in Launching Place (last 5 years) with land size: median $89/m² of land (n=5). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationAsk is 10% above the Launching Place median recorded sale ($797,750, n=38, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Launching Place's advertised median rent ($496/wk), implied gross yield would be 2.93% — 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

$880,000–$960,000

Asking range · $3/m² of land

No recorded sale for this property.

Local land rate: recorded Land sales in Launching Place (last 5 years) with land size have a median of $89/m² of land (n=5). Districts calculation from recorded sales — not a valuation.

Launching Place at a glance

2,476

People

$797,750

Median sale

$496/wk

Median rent

3.23%

Suburb gross yield

Median sale from 38 recorded sales (last 12 months) — a Districts calculation.

See the full Launching Place report →

Vs Launching Place

+10.3%

Median sale

Suburb $797,750

-0.30 pp

Gross yield

Suburb 3.23%

Suburb median $797,750 from 38 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
$880,000
Stamp Duty (Victoria)
$47,870
Transfer/Registration Fee
$2,164
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
$933,734

$53,734 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 Launching Place's advertised median rent — not a rent for this listing.

Net yield
1.43%
Annual cashflow (pre-tax)
$-33,168
Interest cover (DSCR)
0.28
Annual rent
$25,792
Operating expenses
$13,200
Loan amount
$704,000
Annual interest
$45,760
Gross yield
2.93%

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$880,000–$960,000available19 June 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 $496/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.

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 2.9%. 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

Launching Place in one glance

Launching Place at a glance

2,476

People

$797,750

Median sale

$496/wk

Median rent

3.23%

Suburb gross yield

Median sale from 38 recorded sales (last 12 months) — a Districts calculation.

See the full Launching Place report →

Keep researching

  • Why Launching Place? Read the area thesis →
  • What else is on the market in Launching Place →
  • Other records on Parkinsons Rd →

Listing material

Listed by Property Partners in Real Estate

84.5 ACRES OF PRISTINE BUSHLAND

Rarely does the opportunity come up to secure your own private slice of paradise of this calibre in the Yarra Valley. Spread across approximately 84.5 acres of diverse bushland, this property has a distinct mix of native flora and fauna including attractive fern gullies, beautiful established trees, and banksias in abundance, as well as being a haven for bird and wildlife. The Western side of the property is elevated creating a private spot to sit back and enjoy the views of the local countryside and mountain ranges, while to the South, the property has frontage to Hoddles Creek Reserve. There is never a dull moment spent exploring this pristine block of land in the heart of the Yarra Valley.

This peaceful property gifts the opportunity to enjoy the lifestyle you’ve been dreaming of in a stunning natural setting. With minimal light pollution around, the stars at night are something truly special to behold; not to mention, having the opportunity to watch the forest change throughout the seasons.

Combining rural charm with convenience, when you are here it would be easy to forget how close you are to everything. You are placed just over an hour from Melbourne's CBD, as well as being only a short drive to local amenities in Yarra Junction such as shops, cafes, schools, trails, the Yarra River, and recreational facilities at the Yarra Centre.

Read the full description

Life can get hectic at times with work, family, and everything else we constantly juggle in between, so why not escape it all and enjoy the serenity of this untouched beauty. What a special environment to let your self-sufficient, sustainable creative dreams run wild (STCA) or for weekends spent camping and connecting with nature. This is a one in a million property that we highly encourage you to come and experience in person. It is one we promise that is guaranteed to nurture and nourish the soul. Be sure to call Property Partners for more information.

Please note: All property details shown are correct at time of publishing. Some properties may have been sold in the preceding 24 hours, and we recommend that you confirm open for inspection times with the listing agent direct or the listing office.

Listing description written by Paul Marra, Property Partners in Real Estate — reproduced as published, not verified by Districts.

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.