Mirboo North at a glance
2,214
People
$461,500
Median sale
$431/wk
Median rent
4.86%
Suburb gross yield
Median sale from 14 recorded sales (last 12 months) — a Districts calculation.
VIC › Mirboo North › Grand Ridge Rd
$760,000
Last sold
2 Apr 2026
3
Bedrooms
1
Bathrooms
4
Car spaces
55,846.619 m²
Land
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
$760,000
2 Apr 2026 · derived via latest_sale
Sources disagree on the sale price. All recorded figures are shown in the history below — Districts does not pick a winner.
Local land rate: recorded Rural Property sales in Mirboo North (last 5 years) with land size have a median of $8/m² of land (n=10). Districts calculation from recorded sales — not a valuation.
Mirboo North at a glance
2,214
People
$461,500
Median sale
$431/wk
Median rent
4.86%
Suburb gross yield
Median sale from 14 recorded sales (last 12 months) — a Districts calculation.
Vs Mirboo North
+64.7%
Median sale
Suburb $461,500
-1.91 pp
Gross yield
Suburb 4.86%
Suburb median $461,500 from 14 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
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 $431/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.
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
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
Mirboo North at a glance
2,214
People
$461,500
Median sale
$431/wk
Median rent
4.86%
Suburb gross yield
Median sale from 14 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Elders Real Estate Leongatha/ KorumburraThis delightful property ticks so many of the Escape to the Country' boxes that you are looking for! The home draws you in straight away with its country rustic look and feel which is constructed of rough sawn timber and mud brick with a post and beam type construction plus cathedral ceilings. This charming home is very private and well sheltered as it is positioned amongst a blend of native and deciduous trees and surrounded by a captivating cottage garden. This brings about an abundant of birdlife which is an absolute joy to watch. All of this is accessed by a bitumen road and its location is only 5 minutes from the ever so popular township of Mirboo North.
A circular driveway leads up to this well maintained 3-bedroom homestead. Internal features of the home include a generous open plan living area that comprises lounge, dining room, sitting area and kitchen. The beautiful timber kitchen has loads of benchtop and cupboard space, with gas cook top and dishwasher. The floorplan is flexible with a choice of two lounge/sitting areas a dining area that all look out onto the picturesque garden plus have access to the outdoor living area. A wood heater in the living area makes the home very warm and toasty plus a large split-system provides an instant heating/cooling option. The 3 bedrooms are generous in size, all with built-in-robes.
The gently undulating land is approx. 13 acres in two separate titles. Surrounding the house is approx. 3 acres and is well fenced into 8 paddocks, which make it ideal for dogs, horses or other agricultural interests. The additional 10 acres (approx.) is covered in bushland, a haven for wildlife and would provide lots of fun exploring by foot, horse or motorbike. There is a carport under the house roofline, plus a large machinery shed with concrete floor and power, a lock up garage divided into a few different sections ideal for workshop, storage and one section is ideal as additional accommodation, B&B, teenager retreat or studio. There is also a wood shed plus plenty of tank water and a shared dam for livestock.
This property is in the best location, Mirboo North is a lovely town which holds an annual Italian Festival plus plenty of other community events including the monthly Mirboo North Market in the beautiful Baromi Park. This traditional country town is surrounded by some of the most scenic views in the area. And you are so close to many major towns including 20 mins to Leongatha, and 100km to Pakenham.
If you would like to inspect this property or have any questions, please contact Jean O'Loughlin on 0428 571 083. Property being sold in conjunction with Gippsland Country Real Estate, Mirboo North - David Tree on 0457 407 900.
Listing description written by Jean O'Loughlin, Elders Real Estate Leongatha/ Korumburra — reproduced as published, not verified by Districts.
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