Smythes Creek at a glance
3,083
People
$630,000
Median sale
$497/wk
Median rent
4.10%
Suburb gross yield
Median sale from 33 recorded sales (last 12 months) — a Districts calculation.
VIC › Smythes Creek › Karingal Park Dr
$1,750,000
For sale
$1,750,000
Last sold
13 Feb 2023
4
Bedrooms
2
Bathrooms
0
Car spaces
50,181.02 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
Asking
$1,750,000
13 Feb 2023 · derived via latest_sale
Local land rate: recorded House sales in Smythes Creek (last 5 years) with land size have a median of $1,015/m² of land (n=57). Districts calculation from recorded sales — not a valuation.
Smythes Creek at a glance
3,083
People
$630,000
Median sale
$497/wk
Median rent
4.10%
Suburb gross yield
Median sale from 33 recorded sales (last 12 months) — a Districts calculation.
Vs Smythes Creek
+177.8%
Median sale
Suburb $630,000
-2.62 pp
Gross yield
Suburb 4.10%
Suburb median $630,000 from 33 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$103,564 on top of the price (5.9% extra)
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.
Pre-filled with Smythes Creek's advertised median rent — not a rent for this listing.
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.
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 $497/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
Smythes Creek at a glance
3,083
People
$630,000
Median sale
$497/wk
Median rent
4.10%
Suburb gross yield
Median sale from 33 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by The Roof Real EstateThe Roof Real Estate presents a blue-chip acquisition in the absolute heart of the Ballarat Western Growth Area.
42 Karingal Park Drive is the definition of "Strategic Real Estate." Situated directly opposite the thriving Aberdeen Estate, the path of development is literally at your doorstep. This is your chance to acquire 5.02 Hectares (12.4 Acres approx.) of prime land where the infrastructure is close, and the potential is limitless.
WHY THIS IS THE BEST LAND BANK IN BALLARAT:
ð" Next-Level Location: Located in a designated growth corridor just 1km from the Delacombe Town Centre (DTC). With residential development booming across the road, this site represents the logical next step for rezoning and subdivision (STCA).
ð'° Massive Holding Income (7 Bedrooms Total): Most development sites cost money to hold-this one pays you. The property features a spacious 4-bedroom main residence PLUS a fully self-contained 3-bedroom bungalow.
ð" The "Cash-Flow" Development: Perfect for high-yield rental returns or multi-generational living, giving you the financial staying power to plan your subdivision while the asset appreciates.
ð« Lifestyle Connectivity: You are minutes from top-tier schools, the CBD, and the future retail hubs of Ballarat West.
Do not wait for the rezoning to be finalized. By then, the price will have doubled. Secure the asset now.
UNRIVALLED PROXIMITY:
Aberdeen Estate: 0.1km (Directly Opposite)
Delacombe Town Centre (DTC): 1km
Future Coles & Retail Hub (2026): 6.5km
Ballarat CBD & Hospitals: ~9km
Education: Ballarat Clarendon College (8.9km) & Ballarat Grammar (9.1km)
Contact on - Preet Singh on 0435 726 228 E: preet.singh@theroofrealestate.com.au
Calvin Sharma on 0436 345 007 E: calvin@theroofrealestate.com.au
Harpreet Mangat on 0416 412 414 E: mangat@theroofrealestate.com.au
For a Due Diligence Checklist, please refer to the following link: http://www.consumer.vic.gov.au/duediligencechecklist.
DISCLAIMER: All dimensions provided are approximate. The information given is for general purposes only and does not constitute any representation by the vendor or agent.
PLEASE NOTE: Open for inspection times and property availability is subject to change or cancellation without notice. Please check with the agent or online on the day of Inspection.
By enquiring on this property you agree to receive regular property updates and marketing communication from The Roof Real Estate. You may unsubscribe at any time.
Listing description written by Calvin Sharma, The Roof Real Estate — reproduced as published, not verified by Districts.
Also look at
23 Plymouth Way, Smythes Creek VIC 3351
4-bed house. Asking $650K.
62 Cherry Flat Rd, Smythes Creek VIC 3351
4-bed house for sale. Asking $630K–$670K.
80 Kirkwood Dr, Smythes Creek VIC 3351
4-bed house. Asking $940K–$990K.
479 Bells Rd, Smythes Creek VIC 3351
6-bed house for sale. Asking $950K.