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VIC › Olinda › Mernda Rd

34 Mernda Rd, Olinda VIC 3788

For saleHouse for Sale

$1,300,000–$1,400,000

For sale

Asking range

4

Bedrooms

4

Bathrooms

2

Car spaces

3,943 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,300,000–$1,400,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,300,000–$1,400,000(Listing record · 12 June 2026)
  • FactLand 3,943 m²; no building size recorded.(Property record)
  • CalculationAsk is 10% above the Olinda median recorded sale ($1,180,000, n=13, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Olinda's advertised median rent ($629/wk), implied gross yield would be 2.52% — 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

$1,300,000–$1,400,000

Asking range · $330/m² of land

No recorded sale for this property.

Olinda at a glance

1,741

People

$1,180,000

Median sale

$629/wk

Median rent

2.77%

Suburb gross yield

Median sale from 13 recorded sales (last 12 months) — a Districts calculation.

See the full Olinda report →

Vs Olinda

+10.2%

Median sale

Suburb $1,180,000

-0.25 pp

Gross yield

Suburb 2.77%

Suburb median $1,180,000 from 13 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$1,300,000
Stamp Duty (Victoria)
$71,500
Transfer/Registration Fee
$3,146
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
$1,378,346

$78,346 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

Based on the low end of the asking range, not a contract price.

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

Net yield
1.02%
Annual cashflow (pre-tax)
$-54,392
Interest cover (DSCR)
0.20
Annual rent
$32,708
Operating expenses
$19,500
Loan amount
$1,040,000
Annual interest
$67,600
Gross yield
2.52%

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$1,300,000–$1,400,000available12 June 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 $629/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 2.5%. 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

Olinda in one glance

Olinda at a glance

1,741

People

$1,180,000

Median sale

$629/wk

Median rent

2.77%

Suburb gross yield

Median sale from 13 recorded sales (last 12 months) — a Districts calculation.

See the full Olinda report →

Keep researching

  • Why Olinda? Read the area thesis →
  • What else is on the market in Olinda →
  • Other records on Mernda Rd →

Listing material

Listed by Bell Real Estate Olinda

'Tallawalla' – sunrise, sunsets, enchanting gardens and endless possibility

There’s a certain magic here that reveals itself slowly. It begins with the light. Sunrise casting its golden rays gently through the trees, valley vistas emerging beyond the garden as the clouds lift and a sense of calm that settles in from the moment you arrive.

Set on almost an acre of peaceful surrounds in a secluded Olinda cul-de-sac, 'Tallawalla' is a home that feels deeply connected to its landscape. Gorgeous picture windows frame leafy outlooks at every turn, while French doors invite the outdoors closer. Established European trees cast shifting shadows across winding pathways that encourage wandering rather than arriving.

Timber floors flow throughout the main living spaces, adding warmth and character beneath your feet. Whether you're preparing dinner in the bright skylit kitchen with a butler's pantry that makes entertaining effortless, gathered around the generous dining space with family and friends, or settled beside the comforting glow of the wood fire in the expansive living domain, the gardens remain a constant companion. The changing seasons provide the backdrop, and every room seems to offer a slightly different perspective of the landscape beyond.

Read the full description

The accommodation has been thoughtfully designed to offer both connection and retreat. Upstairs, the luxurious main suite feels like a sanctuary of its own, complete with a floor-to-ceiling walk-in robe, elegant ensuite with spa bath and peaceful garden outlooks. An additional bedroom and bathroom ensure family and guests are comfortably accommodated, while the home's generous proportions provide room to spread out without losing that sense of warmth and intimacy.

Downstairs, a second living zone, dedicated home office with built-in shelving, additional bedroom and bathroom create exceptional flexibility. Whether it's teenagers seeking independence, extended family, long-term guests or the increasingly common work-from-home lifestyle, this level adapts with ease to life's changing chapters.

The wraparound deck quickly becomes part of daily life. Morning coffee arrives with dappled sunshine filtering through the trees. Lazy lunches drift into afternoon conversations, and the far-reaching horizon quietly accompanies everyday moments. It’s the kind of setting that seduces you outdoors, no matter the season.

The gardens unfold not in a single glance but as a gentle journey. Meandering paths weave between established plantings, pockets of sunlight and secluded places to sit.

Adding another layer of appeal is the two-storey studio. Perfectly positioned to capture breathtaking sunset vistas from its private deck, it offers flexibility that evolves with life itself. With open-plan living below complete with Coonara, a spacious bedroom with ensuite above - extended family, independent teenagers, guest accommodation, creative pursuits or income generation via rental or boutique accommodation (STCA) all become enticing possibilities.

It's a home that encourages connection: to family, to nature and to life's simple pleasures. A place where the landscape changes with the seasons, the gardens reveal something new at every turn, and the next chapter feels full of possibility.

At a glance:

- Approximately 1 acre of peaceful, private gardens in a quiet Olinda cul-de-sac

Character-rich weatherboard home known as 'Tallawalla'

- Filtered valley views with spectacular sunrises and breathtaking sunsets from the studio

- Wraparound decking and balconies capturing the changing outlooks

- Three-bedroom, three-bathroom main residence across two levels

- Luxurious main suite with floor-to-ceiling walk-in robe and ensuite

- Spacious living zone with Coonara wood fire, custom cabinetry and French doors

- Bright galley-style kitchen with skylight and butler's pantry with second sink

- Large dining area adjoining the kitchen

- Lower-level living zone, bedroom, bathroom and home office with built-in shelving

- Separately metered two-storey studio with upstairs bedroom and open-plan living below

- Studio deck with stunning sunset outlooks

- Ideal for multigenerational living, guest accommodation, home business, Airbnb or rental income (STCA)

- Established European trees, meandering garden pathways and peaceful outdoor sitting areas

- Gas ducted heating throughout plus split system air conditioning

- Solar panel system

- Two rainwater tanks for garden use

- Double carport plus additional parking bay and extensive space for vehicles, caravans or boats

- Close to Olinda Village, schools, cafés, walking trails and the very best of the Dandenong Ranges

Disclaimer: All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition) Interested parties should make their own enquiries and obtain their own legal advice.

Listing description written by Amanda Rakusic, Bell Real Estate Olinda — reproduced as published, not verified by Districts.

Property features

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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.