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VIC › Portarlington › Newcombe St

302/72-74 Newcombe St, Portarlington VIC 3223

For saleHouse

$1,550,000

For sale

Asking

3

Bedrooms

2

Bathrooms

2

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,550,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,550,000(Listing record · 23 Jan 2026)
  • CalculationAsk is 90% above the Portarlington median recorded sale ($815,000, n=54, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Portarlington's advertised median rent ($472/wk), implied gross yield would be 1.58% — 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

$1,550,000

Asking

No recorded sale for this property.

Portarlington at a glance

5,815

People

$815,000

Median sale

$472/wk

Median rent

3.01%

Suburb gross yield

Median sale from 54 recorded sales (last 12 months) — a Districts calculation.

See the full Portarlington report →

Vs Portarlington

+90.2%

Median sale

Suburb $815,000

-1.43 pp

Gross yield

Suburb 3.01%

Suburb median $815,000 from 54 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$1,550,000
Stamp Duty (Victoria)
$85,250
Transfer/Registration Fee
$3,614
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
$1,642,564

$92,564 on top of the price (6.0% 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

Pre-filled with Portarlington's advertised median rent — not a rent for this listing.

Net yield
0.08%
Annual cashflow (pre-tax)
$-79,306
Interest cover (DSCR)
0.02
Annual rent
$24,544
Operating expenses
$23,250
Loan amount
$1,240,000
Annual interest
$80,600
Gross yield
1.58%

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$1,550,000available23 Jan 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 $472/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

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 1.6%. 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

Portarlington in one glance

Portarlington at a glance

5,815

People

$815,000

Median sale

$472/wk

Median rent

3.01%

Suburb gross yield

Median sale from 54 recorded sales (last 12 months) — a Districts calculation.

See the full Portarlington report →

Keep researching

  • Why Portarlington? Read the area thesis →
  • What else is on the market in Portarlington →
  • Other records on Newcombe St →

Listing material

Listed by Neville Richards Real Estate St Leonards | Portarlington

Executive Penthouse Living with Stunning Bay Vistas

Situated in the vibrant heart of Portarlington, this executive-style penthouse delivers a rare fusion of luxury, convenience and effortless coastal living. With boutique shopping and cosmopolitan cafés at your doorstep, and the glistening waters of Port Phillip Bay, the Portarlington–Docklands ferry service and the picturesque esplanade foreshore just a short stroll away, the lifestyle on offer is as impressive as the residence itself.

A striking sense of arrival is created by rich timber floorboards and elegant dado wall panelling, introducing a refined interior where organic warmth meets contemporary sophistication. The expansive open-plan kitchen, living and dining domain is flooded with natural light, framed by floor-to-ceiling glazing that captures breathtaking views across Port Phillip Bay to the You Yangs Regional Park. Here, sunlight dances across the interiors throughout the day, creating an inviting space to relax, entertain and savour the ever-changing coastal outlook.

Seamlessly connected to the living zone, a generous alfresco balcony extends the home outdoors, offering the perfect setting for entertaining guests, enjoying a quiet morning coffee or unwinding as the bay glistens below. This seamless indoor–outdoor flow enhances both the sense of space and the strong connection to Portarlington’s coastal surrounds.

Read the full description

The intelligently designed floor plan ensures privacy and comfort, with the master suite thoughtfully positioned away from the living areas. This tranquil retreat features a walk-in robe, a luxurious modern ensuite and ceiling fan, creating a space to unwind in complete comfort. Two additional bedrooms are superbly appointed with built-in robes, ceiling fans and reverse-cycle air-conditioning, while a stylish contemporary bathroom services the accommodation wing with understated coastal elegance.

Completing this executive offering is a secure remote-access garage providing two car spaces, along with the convenience of lift access servicing this top-floor penthouse.

Located within the renowned winery district of the Bellarine Peninsula, this exceptional residence places you at the centre of a celebrated food and wine destination, surrounded by award-winning restaurants, cellar doors and distilleries. Offering elevated coastal living with uninterrupted bay views, this penthouse presents an outstanding opportunity to embrace the very best of the Bellarine lifestyle.

Listing description written by Luke Campbell, Neville Richards Real Estate St Leonards | Portarlington — reproduced as published, not verified by Districts.

Property features

  • Balcony
  • Built-in Robes
  • Dishwasher
  • Ensuites: 1
  • Floorboards

Also look at

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Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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