Cairnlea at a glance
10,035
People
$876,500
Median sale
$549/wk
Median rent
3.26%
Suburb gross yield
Median sale from 28 recorded sales (last 12 months) — a Districts calculation.
VIC › Cairnlea › Truesource Dr
$345,000
Last sold
23 Dec 2025
0
Bedrooms
0
Bathrooms
0
Car spaces
181 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
$345,000
23 Dec 2025 · derived via latest_sale
Local land rate: recorded Land sales in Cairnlea (last 5 years) with land size have a median of $1,198/m² of land (n=10). Districts calculation from recorded sales — not a valuation.
Cairnlea at a glance
10,035
People
$876,500
Median sale
$549/wk
Median rent
3.26%
Suburb gross yield
Median sale from 28 recorded sales (last 12 months) — a Districts calculation.
Vs Cairnlea
-60.6%
Median sale
Suburb $876,500
+5.01 pp
Gross yield
Suburb 3.26%
Suburb median $876,500 from 28 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 $549/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.
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
UnknownArea
Cairnlea at a glance
10,035
People
$876,500
Median sale
$549/wk
Median rent
3.26%
Suburb gross yield
Median sale from 28 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Area Specialist St Albans4 Truesource Drive, Cairnlea - 181m² Vacant Land with Plans to Build a 4-Bedroom Townhouse
Located at the heart of Cairnlea, 4 Truesource Drive offers an exceptional opportunity to secure a 181m² vacant block, primed for development. With plans already in place to build a modern 4-bedroom townhouse, this property is perfect for those looking to invest in a rapidly growing suburb, or those ready to create their dream home in a fantastic location.
Why Cairnlea?
Cairnlea has quickly become one of Melbourne’s most sought-after suburban destinations, thanks to its blend of convenience, community, and green spaces. The area offers a peaceful atmosphere while still being close to everything you need for modern living.
Local Amenities:
Shopping & Dining: The nearby Cairnlea Town Centre and Brimbank Shopping Centre provide a variety of retail stores, supermarkets, cafes, and restaurants, making errands and dining out both easy and convenient.
Education: Families will appreciate the proximity to quality schools, such as Cairnlea Park Primary School, St. Albans Secondary College, and other educational institutions, ensuring a strong foundation for children’s learning.
Transport: Public transport is at your doorstep with easy access to bus routes and St. Albans Train Station just a short drive away, offering a seamless commute to Melbourne's CBD and surrounding areas.
Parks & Recreation: Cairnlea is known for its beautiful parks and green spaces, including Cairnlea Lakes and nearby walking tracks, perfect for picnics, jogging, or just enjoying a day outdoors with family and friends.
Health Services: The area is well-served by medical centers, pharmacies, and Sunshine Hospital, offering easy access to healthcare services.
Plans to Build a 4-Bedroom Townhouse:
This 181m² block comes with approved plans to construct a spacious 4-bedroom townhouse, making it an ideal investment for those looking to build a modern, stylish home or generate rental income.
The proposed townhouse will feature:
Four generous bedrooms, including a master suite.
Open-plan living and dining areas, perfect for entertaining and family gatherings
State-of-the-art kitchen with gorgeous appliances
Secure garage and ample storage space
With its modern design, functional layout, and easy access to all amenities, this townhouse is sure to offer a comfortable and contemporary living experience.
For more Real Estate in Cairnlea 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 Gordon (Dinh) Tran, Area Specialist St Albans — reproduced as published, not verified by Districts.
Victoria 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.