Heathmont at a glance
9,909
People
$925,000
Median sale
$553/wk
Median rent
3.11%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
VIC › Heathmont › Balfour Ave
$1,068,000
Last sold
24 Apr 2023
3
Bedrooms
2
Bathrooms
2
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
Last sold
$1,068,000
24 Apr 2023 · derived via latest_sale
Heathmont at a glance
9,909
People
$925,000
Median sale
$553/wk
Median rent
3.11%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
Vs Heathmont
+15.5%
Median sale
Suburb $925,000
-0.42 pp
Gross yield
Suburb 3.11%
Suburb median $925,000 from 13 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 $553/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
Heathmont at a glance
9,909
People
$925,000
Median sale
$553/wk
Median rent
3.11%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Nick Tang PropertyNick Tang Property
www.nicktangproperty.com.au
Influenced by modern style and designed for ease of living and family functionality, this newly built home stretches across two levels and showcases the convenience of dual living zones and a free-flowing indoor-outdoor design.
Visually stunning and anchored by fashionable floorboards, the open plan living, dining and kitchen provides an instant sense of the home’s luxurious ambience with waterfall stone benches married by stainless steel appliances including a gas stove, oven and dishwasher.
Oriented around the modern way of life where entertaining takes place both inside and out, the home spills out through sliding stacker doors onto a sun blessed entertaining zone that links effortlessly with the landscaped backyard.
Adding to the home’s easy design is a ground floor master bedroom that’s enhanced by a walk-in-robe and ensuite and accompanied by a lengthy laundry that could double as a butler’s pantry if desired.
Making your way to the upper level, you’ll discover a carpeted rumpus room plus two further bedrooms that each feature built-in-robes and are served by a family bathroom with toilet.
Superbly highlighted by ducted heating/air conditioning, under stair storage, water tank, garden shed plus a single garage and driveway parking space.
Zoned for Ringwood Secondary and Great Ryrie Primary, with convenient walking access to Aquinas College, Heathmont Village, Heathmont Train Station, Jubilee Park and Aquanation. Near Eastland Shopping Centre, Ringwood Golf Course and EastLink Freeway.
Thinking of Selling or wanting an update on your property? Contact Nick Tang on 0452 549 486.
Listing description written by Nick Tang, Nick Tang Property — reproduced as published, not verified by Districts.