Wonthaggi at a glance
6,123
People
$540,000
Median sale
$459/wk
Median rent
4.42%
Suburb gross yield
Median sale from 77 recorded sales (last 12 months) — a Districts calculation.
VIC › Wonthaggi › Merrin Cres
$475,000
Last sold
24 Nov 2025
4
Bedrooms
1
Bathrooms
1
Car spaces
993 m²
Land
113 m²
Building
Districts View
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
$475,000
24 Nov 2025 · derived via latest_sale
Local land rate: recorded House sales in Wonthaggi (last 5 years) with land size have a median of $836/m² of land (n=58). Districts calculation from recorded sales — not a valuation.
Wonthaggi at a glance
6,123
People
$540,000
Median sale
$459/wk
Median rent
4.42%
Suburb gross yield
Median sale from 77 recorded sales (last 12 months) — a Districts calculation.
Vs Wonthaggi
-12.0%
Median sale
Suburb $540,000
+0.60 pp
Gross yield
Suburb 4.42%
Suburb median $540,000 from 77 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 $459/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
Wonthaggi at a glance
6,123
People
$540,000
Median sale
$459/wk
Median rent
4.42%
Suburb gross yield
Median sale from 77 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by @realtySOLID FOUNDATION WITH UPSIDE POTENTIAL
SUITABLE FOR INVESTORS:
Value-add opportunity - property needs some TLC with room for improvement
4 bedrooms with built-in storage - appeals to family rental market
Large 993sqm block* with subdivision potential^
Dual access driveway + rear laneway - convenient for tenants and future planning
Established rental area with consistent demand from families
Close to beaches and Melbourne - attractive to potential tenants
IDEAL FOR FIRST HOME BUYERS:
Affordable entry point - get more space for your money
Build equity through improvements - renovate at your own pace
4 spacious bedrooms with built-in storage - room for growing family
Kitchen with functional layout - update to your style and budget
Huge backyard (993sqm*) for kids, pets, pool^, or large shed^
Subdivision potential^ for future flexibility
WHAT MAKES THIS SPECIAL:
✓ Solid bones with polished timber floors throughout living areas
✓ Natural light-filled open-plan design with great potential
✓ 4 good-sized bedrooms plus central family bathroom
✓ Functional kitchen layout ready for your personal touch
✓ Established gardens with garden shed included
✓ Dual access driveway - park multiple cars, boat, or caravan
✓ Rear laneway access - convenient and adds development options^
✓ 993sqm block* - generous size in today's market
CONVENIENT MERRIN CRESCENT LOCATION:
Merrin Crescent - quiet residential street with established homes
10 minutes to Cape Paterson beaches - weekend recreation nearby
60 minutes to Melbourne's southeast - commuter friendly
Family-friendly neighbourhood with local community
Close to Wonthaggi amenities - schools, shops, services
Well-maintained street with quality surrounding properties
WONTHAGGI'S CURRENT DEVELOPMENT:
Major hospital expansion completed 2022 - $115 million upgrade with new emergency department and operating theatres
Further hospital expansion planned - up to 64 additional beds and new facilities in development
Wonthaggi North East Precinct approved 2024 - planning for up to 5,000 new homes over coming decades
Town centre revitalization underway - $2 million streetscape improvements and park upgrades
Bass Coast fastest-growing region - population expected to more than double by 2031
Established desalination plant - critical water infrastructure for Melbourne
THE BOTTOM LINE:
Whether you're building your property portfolio or buying your first home, this property offers genuine potential for improvement at an affordable price. The large 993sqm* block, dual access, and convenient location provide multiple options for adding value through renovation and smart planning.
Smart buyers know - the best opportunities need a little vision and work!
Contact our office today for your private inspection.
*Approximately
^Subject to Council Approval
Listing description written by Leo Edwards, @realty — reproduced as published, not verified by Districts.