Flemington at a glance
7,800
People
$1,120,000
Median sale
$463/wk
Median rent
2.15%
Suburb gross yield
Median sale from 5 recorded sales (last 12 months) — a Districts calculation.
VIC › Flemington › Ascot Vale Rd
$550,000–$570,000
For sale
Asking range
2
Bedrooms
2
Bathrooms
1
Car spaces
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
Asking
$550,000–$570,000
Asking range
No recorded sale for this property.
Flemington at a glance
7,800
People
$1,120,000
Median sale
$463/wk
Median rent
2.15%
Suburb gross yield
Median sale from 5 recorded sales (last 12 months) — a Districts calculation.
Vs Flemington
-50.9%
Median sale
Suburb $1,120,000
+2.23 pp
Gross yield
Suburb 2.15%
Suburb median $1,120,000 from 5 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Based on the low end of the asking range, not a contract price.
$33,161 on top of the price (6.0% extra)
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.
Based on the low end of the asking range, not a contract price.
Pre-filled with Flemington's advertised median rent — not a rent for this listing.
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.
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 $463/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.
Gross yield if leased at the suburb aggregate is 4.4%. 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
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
Flemington at a glance
7,800
People
$1,120,000
Median sale
$463/wk
Median rent
2.15%
Suburb gross yield
Median sale from 5 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ausfortune Property Group'ONLY' at Flemington must be seen to be believed! Only once will you get the perfect layout, exquisite residents' facilities with views overlooking the roses and lawns of the world-class Flemington racecourse.
This four-year-old apartment features everything you've ever searched for in one elegant package. The generous open plan living area comes with floor boards throughout, and a stylish kitchen complete with stone top island bench, 1½ bowl sink surrounded by loads of cupboard and pantry storage, dishwasher, concealed fridge, and plenty of storage. The dedicated study desk is fully wired and ready to go
The living room opens up on the balcony, which presents breath-taking views of Melbourne.
2 bedrooms with Large BIR's and fully fitted internal racking. The master bedroom features stunning views across playing fields to one of the best dress-circle views of Melbourne's CBD. The ensuite plus main bathroom have quality tiles, tap wear and fittings. whilst the central bathroom completes this fab package with its clean, contemporary finishes, ample storage, and euro-laundry.
Split system heating/cooling, secure swipe and intercom entry, and secure car park with storage cage round out this fine home.
This building features a 19th floor horizon swimming pool directly overlooking the lights of the Melbourne CBD & the Bay. Residents also enjoy a gym, sanctuary deck, library and lounge. Level three offers even more lifestyle experiences with four private party pods with BBQ's and Balinese style huts looking directly over the main straight of the world class Flemington racecourse and 325 acres of expansive greenery.
Every morning your foyer-based barista will greet you with a smile as you head to the tram directly out the front or Newmarket train station. A gentle walk to both Flemington and Union Road villages positions this property in Melbourne's silk department.
This home is under The Quest Hotel Management at the moment, which have been well looked after by professional cleaning team every day. You can also lease back to The Quest Hotel, the best tenant. You will have stable, long term and higher rent than market price.
Definitely put this one on your inspection list and come on up! Book your Inspection Appointment Please contact John 0466 599 431 or Jimmy 0438 488 922
Listing description written by John Chen, Ausfortune Property Group — reproduced as published, not verified by Districts.