Districts
SuburbsBlogSearch
Sign inGet started
Districts
SuburbsBlogSearch
Sign inGet started

VIC › Waterways › Mulga Ln

4 Mulga Ln, Waterways VIC 3195

House

5

Bedrooms

5

Bathrooms

3

Car spaces

702 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLand 702 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Waterways (last 5 years) with land size: median $2,895/m² of land (n=21). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

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

What this lot has actually traded at

Last sold

No recorded sale price for this property yet.

Local land rate: recorded House sales in Waterways (last 5 years) with land size have a median of $2,895/m² of land (n=21). Districts calculation from recorded sales — not a valuation.

Waterways at a glance

2,443

People

$1,825,000

Median sale

$732/wk

Median rent

2.09%

Suburb gross yield

Median sale from 11 recorded sales (last 12 months) — a Districts calculation.

See the full Waterways report →

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. Soldprice unknown30 May 2026
  2. Listedprice unknowncompleted6 May 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 $732/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

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

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

Waterways in one glance

Waterways at a glance

2,443

People

$1,825,000

Median sale

$732/wk

Median rent

2.09%

Suburb gross yield

Median sale from 11 recorded sales (last 12 months) — a Districts calculation.

See the full Waterways report →

Keep researching

  • Why Waterways? Read the area thesis →
  • What else is on the market in Waterways →
  • Other records on Mulga Ln →

Listing material

Listed by Area Specialist Victoria

The Brief: A premium residence with tranquil backyard water views and seamless indoor outdoor entertaining

Its Addressed:

Set within the prestigious Waterways precinct, this exceptional north-facing waterfront home offers the ultimate resort-style family lifestyle — a place where cherished memories are made every single day.

Imagine waking up to tranquil water views, sunlight streaming through generous windows, and knowing you’ve secured one of the most desirable addresses for raising a family. Zoned for Aspendale Gardens Primary School and Mordialloc College, and just two minutes from Haileybury College, this home delivers convenience and peace of mind for parents. The Nest at Cafe Waterways is moments away for weekend breakfasts, while Aspendale Shopping Centre, Fountain Court Playground, and seamless transport options (including the 709 bus and nearby train stations) make everyday living effortless and enjoyable.

Read the full description

Striking Contemporary Design

This impressive two-storey residence features premium HEBEL masonry that naturally keeps the home cool in summer and warm in winter. With its clean rectilinear lines, projecting upper levels, and recessed entry, the home presents a commanding yet welcoming street presence. Vertical window groupings and clever slit windows fill the interiors with soft natural light while preserving privacy. The low-maintenance exterior, complete with an 2 and half car garage, balcony, and beautifully established, fully irrigated gardens, gives you more time to enjoy life rather than maintain it.

Warm & Luxurious Interior Living

Step inside and feel the instant sense of home. High ceilings, LED downlights, plantation shutters, and a beautiful blend of engineered timber flooring and plush carpet create an atmosphere of effortless elegance and comfort. Ducted heating and zoned evaporative cooling ensure perfect year-round living, no matter the season.

This is a home designed for real family life — with multiple living zones including an open-plan living and dining area perfect for laughter-filled gatherings, a separate formal lounge for quiet evenings, a dedicated home theatre with Bose surround sound for movie nights, a private study, and a generous upstairs retreat where the kids can unwind. Thoughtful extras like security cameras, an alarm system, and a large laundry make daily life smoother and more secure.

Chef’s Kitchen

The heart of the home is a stunning kitchen that invites you to cook, connect, and create. It features 40mm stone benchtops with elegant waterfall edges, a large central island for family breakfasts and conversations, pendant lighting, and a matching stone splashback. Equipped with a butler’s pantry, soft-close cabinetry, integrated dishwasher, gourmet rangehood, and a Bosch 900mm induction cooktop with dual built-in ovens, this kitchen makes entertaining a joy and everyday meals a pleasure.

Five Spacious Bedrooms

Every bedroom is a private sanctuary. All five generous bedrooms include walk-in robes and private ensuites with semi-frameless showers and stone-top vanities. The ground floor master suite is truly indulgent — complete with his-and-hers walk-in robes and a luxurious ensuite featuring a dual vanity and bath. This is the kind of home where children grow up happy and parents feel proud.

Outdoor Living & Waterfront Magic

Open the bifold doors and step into your own private paradise. A large covered alfresco with outdoor kitchen and BBQ flows effortlessly to a sparkling self-cleaning salt water chlorinated swimming pool, lush landscaped gardens, and direct water access. This is where unforgettable family moments happen — weekend barbecues, kids splashing in the pool, sunset drinks by the water, and peaceful mornings with a coffee in hand.

Complete with two water tanks, side gate access, and extensive parking this home truly has it all.

This is more than just a house — it’s a lifestyle you’ve been dreaming of. A place where your family will thrive and create memories that last a lifetime.

Contact us to arrange a priority inspection today.

Property Specifications

• Waterfront living with direct water access and breathtaking views

• Five bedrooms all with walk-in robes and ensuites

• Multiple living zones including home theatre, study and retreat

• Outdoor entertaining with pool, alfresco and outdoor kitchen

• Secure parking with double and single LUG

For more Real Estate in Waterways contact your Area Specialist.

Note: Every care has been taken to verify the accuracy of the details in this advertisement, however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves with any pertinent matters.

Listing description written by Linna Wu, Area Specialist Victoria — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

Research

  • Property search
  • Suburb profiles
  • Blog
  • Calculators
  • Follow suburbs
  • Sign in

Learn

  • How we use data
  • What's covered
  • Questions
  • Who it's for
  • Access

Company

  • About
  • Contact
  • support@districts.com.au

Legal

  • Privacy
  • Terms

© 2026 Districts

districts.com.au

Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.