Forrest at a glance
2,012
People
No data
Median sale
$570/wk
Median rent
No data
Suburb gross yield
ACT › Forrest › Melbourne Ave
4
Bedrooms
2
Bathrooms
3
Car spaces
558 m²
Land
2,155.351 m²
Building
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
No recorded sale price for this property yet.
Local land rate: recorded House sales in Forrest (last 5 years) with land size have a median of $2,374/m² of land (n=3). Districts calculation from recorded sales — not a valuation.
Forrest at a glance
2,012
People
No data
Median sale
$570/wk
Median rent
No data
Suburb gross yield
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
ACTPlanning 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.” Nearby development applications are not loaded for this property.
Rental
No advertised rent is recorded. Suburb median rent $570/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. Nearby development applications are not loaded for this property. 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
UnknownArea
Forrest at a glance
2,012
People
No data
Median sale
$570/wk
Median rent
No data
Suburb gross yield
Listing material
Listed by Civium Property GroupCurrently approved to construct 4 X 27.5sq (255m2) homes with recent council documentation stating a DA for 6 properties would be considered subject to meeting requirements.
With varying purchase options available upon negotiation, make no mistake, these reasonable vendors are selling! Currently standing on the square shaped 2554m2 corner block in the Parliamentary Triangle is a charming 1961 built 5 bedroom residence with 2 bathrooms, ensuite, multiple indoor/outdoor living spaces, 3 car internal access garage and in-ground pool. The existing residence is in a rentable state and with its self contained separate living downstairs could gain you 2 incomes leading up to construction.
Further Development Info
-Gross floor area of the 4 homes is 1024m2, each home positioned on average block size of 537m2.
-2 garages approx 50% below ground level, all other construction is generally 'on grade'.
-As this is NCA land, there's no CUC/LVC to pay, nor are there fixed commencement/completion deadlines.
-Stamp duty on $2,250,000 is $123,750 which could be claimed back accordingly if initially rented out.
-Past sales and currently for sale data suggests a gross realisation of the 4 properties to be approx $7million.
-STCA & maintaining same GFA, adding 16 car basement, gross realisation of 6 houses is approx $8million.
-Cleverly designed to provide all master bedrooms on ground floor, this will assist in achieving pre sales.
-Stunning facades, striking street appeal and thoughtful designs whilst maintaining economic 'build-ability'. EER 1.5
NB. Whilst relevant due diligence was taken in obtaining the above information, it is purchasers responsibility to make their own investigations in regards to future development applications, related costs and figures.
Listing description written by Grant Loiterton, Civium Property Group — reproduced as published, not verified by Districts.
Nearby development applications are not loaded for this property.
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. This jurisdiction has no comparable official bond series in the free set.
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.