Metung at a glance
1,912
People
$485,000
Median sale
$462/wk
Median rent
4.95%
Suburb gross yield
Median sale from 18 recorded sales (last 12 months) — a Districts calculation.
VIC › Metung › Christmas St
$915,000
Last sold
30 Apr 2021
5
Bedrooms
4
Bathrooms
10
Car spaces
2,098 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
$915,000
30 Apr 2021 · derived via latest_sale
Local land rate: recorded House sales in Metung (last 5 years) with land size have a median of $374/m² of land (n=28). Districts calculation from recorded sales — not a valuation.
Metung at a glance
1,912
People
$485,000
Median sale
$462/wk
Median rent
4.95%
Suburb gross yield
Median sale from 18 recorded sales (last 12 months) — a Districts calculation.
Vs Metung
+88.7%
Median sale
Suburb $485,000
-2.32 pp
Gross yield
Suburb 4.95%
Suburb median $485,000 from 18 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 $462/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
Metung at a glance
1,912
People
$485,000
Median sale
$462/wk
Median rent
4.95%
Suburb gross yield
Median sale from 18 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Metung Real EstateTake this fantastic opportunity to invest into a remarkable property situated within the heart of Metung, only minutes and you are walking along Bancroft Bay board walk, into the heart of Metung Village.
This uniquely designed house sits on approximately 2000 square meters of land with an abundance of buildings each complementary to the next. Set amidst park like surrounds, the landscaped gardens, with extensive paved brick and alfresco areas lends itself to a tranquil environment with an abundance of local wild bird life.
The main home consists of two spacious bedrooms, one with ensuite. As well as two generous open-plan living and dining areas. The informal living area incorporates a modern and fully equipped kitchen, spectacular cathedral ceilings, a fireplace and direct access to the north facing elevated deck. The dual access sealed driveways lead directly into the fully enclosed, and lock up, garages x 2.
Moving on to the second area of this home, you find the guest quarters, which is accessed via the adjoining deck from the main residence as well as having its own private entrance if necessary. It has a relaxing light-filled living area, which includes a fireplace, a ground floor bedroom complete with ensuite. Leading up via a spiral staircase you will find an attic-style second bedroom or study overlooking the grounds. This area of the home could easily be transformed into dual occupancy. Couples retreat bed and breakfast potential.
In the north-east corner of the property there is also a one-bedroom self-contained unit. The unit is very well proportioned with a mezzanine floor bedroom which includes a semi ensuite as well as a complete bathroom downstairs, it has been fully renovated with modern kitchen, polished floor boards and a large down stairs wine cellar.
Other features of this property include a fully equipped 5kva solar system feeding back into the grid and new solar hot water system, along with over 35,000 litres of rain water storage to utilise back into the home.
The block, being as large as it is, could also lend itself to further subdivision subject to council approval.
Only minutes from the boat ramp in Metung, this property is right at the gateway to the Gippsland Lakes for fishing all year around and under two hours' drive north via the Great Alpine road to the snowfields. It is also in close proximity to the walking trails and the rail trails for the biking or the horse enthusiasts.
A property that can be equal in lifestyle and serenity. This property has to be fully understood to admire all the benefits it could bring to those who wish to invest both on a financial level and a personal level.
Listing description written by Ann Waller, Metung Real Estate — reproduced as published, not verified by Districts.
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