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VIC › Gisborne › Mulgutherie Way

32 Mulgutherie Way, Gisborne VIC 3437

For saleHouse for Sale

$1,460,000

For sale

Asking

4

Bedrooms

2

Bathrooms

2

Car spaces

1,164 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,460,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,460,000(Listing record · 7 Oct 2025)
  • CalculationAsk is 51% above the Gisborne median recorded sale ($970,000, n=141, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Gisborne's advertised median rent ($642/wk), implied gross yield would be 2.29% — 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

$1,460,000

Asking · $1,254/m² of land

No recorded sale for this property.

Gisborne at a glance

11,514

People

$970,000

Median sale

$642/wk

Median rent

3.44%

Suburb gross yield

Median sale from 141 recorded sales (last 12 months) — a Districts calculation.

See the full Gisborne report →

Vs Gisborne

+50.5%

Median sale

Suburb $970,000

-1.15 pp

Gross yield

Suburb 3.44%

Suburb median $970,000 from 141 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$1,460,000
Stamp Duty (Victoria)
$80,300
Transfer/Registration Fee
$3,521
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
$1,547,521

$87,521 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 Gisborne's advertised median rent — not a rent for this listing.

Net yield
0.79%
Annual cashflow (pre-tax)
$-64,436
Interest cover (DSCR)
0.15
Annual rent
$33,384
Operating expenses
$21,900
Loan amount
$1,168,000
Annual interest
$75,920
Gross yield
2.29%

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$1,460,000available7 Oct 2025

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 $642/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 2.3%. 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

Gisborne in one glance

Gisborne at a glance

11,514

People

$970,000

Median sale

$642/wk

Median rent

3.44%

Suburb gross yield

Median sale from 141 recorded sales (last 12 months) — a Districts calculation.

See the full Gisborne report →

Keep researching

  • Why Gisborne? Read the area thesis →
  • What else is on the market in Gisborne →
  • Other records on Mulgutherie Way →

Listing material

Listed by SaleByHomeOwner.com.au

Stylish, Spacious, Still Under Warranty. PRICE FURTHER REDUCED

The phone enquiry code for this property is - 2208

One of the last to be built in the highly desirable Mulbarton Estate, this well appointed home is still under builder’s warranty. It occupies 442 sq m of a 1,164 sq m hilltop block. Though standard width at the front, the block widens to accommodate a generous lawn at the rear. Orientation is perfect with Living and outdoor entertaining areas facing north and east.

The Mulbarton estate is admired for its tree lined streets — particularly spectacular in autumn. It has a wide variety of beautiful homes, with landscaped gardens — some integrating historic trees. Kerbs are spoon drained to permit easier parking. All electric cabling is underground.

Read the full description

The double Garage has a remote operated panel door to the street and roller door to the backyard. It houses a Tesla battery fed by solar roof panels, giving minimal electricity bills. 4 external cameras are cabled to an alarm and a video security recorder. It may be connected to a remote security service and/or mobile phone. NBN is now fibre cabled into the house. Mains gas is connected for hot water (solar boosted), the outside BBQ, Kitchen cooking range and Living Room fireplace.

From the well sheltered front Porch, a solid timber door with frosted glass panels opens into a spacious Entrance Hall. To the left is the large Master Bedroom. Chrome and glass pendants are installed at each side of the bed head. A fitted desk with full height mirror — ideal for makeup application — is adjacent a Walk-In Robe and an oversized Ensuite, provides a double-width, glass-screened shower, twin vanity basins and a separate W.C.

The Cinema is fully equipped with projector, amplifier, 5 speaker Dolby surround sound, electrically operated leather recliner seating and fibre-lit ceiling. Audio visual equipment is cabled direct to fibre broadband. Cast your favourite movie or sports program to the giant screen.

The Entrance Hall passes a formal Living Room featuring a glass fronted fireplace and an impressive chandelier. Generous storage cupboards line the passage.

Family and Dining areas incorporate the Kitchen. Notice the immense stone topped island; Hamptons style joinery; indirect lighting beneath overhead cupboards; matching stone bench tops with glazed ceramic tile splash backs. These extend into the adjacent Butler’s Pantry. There are 3 stainless steel sinks; wide drawers; generous cupboards; open shelving; built in microwave; double drawer style dishwashers; 90cm electric oven and 5 burner gas cook top. Appliances are all stainless steel finish. A water connection is installed for the refrigerator.

From Family and Dining areas, sliding glass doors give 4m of uninterrupted clear opening onto the Covered Deck. It has a mains-connected gas BBQ and a sink — perfect for summer gatherings. Copper maple trees and low planting frame an elevated outlook onto the lawn and distant trees. The gardens may be watered automatically. The Recreation Room, also opening off the Dining area, faces north and east and has matching sliding glass doors to give additional access onto the Covered Deck. Flyscreens are incorporated into all sliding glass doors.

A Powder Room with W.C. & vanity basin is handy to all the entertainment areas. A separate Bathroom is adjacent. It has a freestanding bath, vanity basin and glass partitioned shower. 3 additional Bedrooms and a large Study are nearby, along a passage. Bedrooms are all fitted with built-in robes. A Laundry with stainless steel sink is located at the end of the passage. Its sliding glass door provides natural light into the passage. An outside clothes line is nearby, adjacent the Garden Shed.

The garage-sized Garden Shed on the west side of the back garden has a concrete floor and paving on 2 sides to a pedestrian door and the roller door. It has steel shelving on one long internal wall. The roller door opens onto a generous rectangular lawn.

Walls of the Family Room, Master Bedroom and Recreation room are pre-wired for TV with fittings to hold flat TV screens. The rear of the house has a WiFi extender, cabled back to switchboard.

Although gas heating and refrigerated air conditioning is ducted throughout, blade style ceiling fans are also fitted to Family/Dining areas, all Bedrooms, Study and the Covered Deck.

Impressive lighting fixtures are installed adjacent front door and in Family and Dining area, Living Room and Master Bedroom — with recessed down lights elsewhere. All are all low energy consumption. Adjustable Plantation shutters in Bathroom, Ensuite, Bedrooms, Recreation and Family rooms are balanced by decorative blinds in the Living Room and curtains to Study and Cinema. Highest quality plush wool carpets are installed in Bedrooms, Living Room and Cinema and complement the low-maintenance timber look floors elsewhere, with large format ceramic tiles used in wet areas. Full height solid timber doors and tasteful hardware give added distinction. Front and rear gardens are irrigated by programmable, multi zone, automatic watering systems.

This is a stylish, near-new home, with high spec fixtures and fittings — and every amenity. Located in a quiet and friendly neighbourhood, it is just a 12 minute walk north east to shops and primary school and little more to medical services, swimming pool and sports fields. The Gisborne Golf Club with new Clubhouse now under construction, is an equally short walk, south west.

Property Code: 1098

Listing description written by Sale By Home Owner, SaleByHomeOwner.com.au — reproduced as published, not verified by Districts.

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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.