Melton at a glance
8,122
People
$574,500
Median sale
$413/wk
Median rent
3.74%
Suburb gross yield
Median sale from 110 recorded sales (last 12 months) — a Districts calculation.
VIC › Melton › Killarney Dr
$1,800,000
Last sold
6 Jan 2026
4
Bedrooms
3
Bathrooms
3
Car spaces
4,258 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
$1,800,000
6 Jan 2026 · derived via latest_sale
Local land rate: recorded House sales in Melton (last 5 years) with land size have a median of $911/m² of land (n=149). Districts calculation from recorded sales — not a valuation.
Melton at a glance
8,122
People
$574,500
Median sale
$413/wk
Median rent
3.74%
Suburb gross yield
Median sale from 110 recorded sales (last 12 months) — a Districts calculation.
Vs Melton
+213.3%
Median sale
Suburb $574,500
-2.55 pp
Gross yield
Suburb 3.74%
Suburb median $574,500 from 110 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 $413/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
UnknownArea
Melton at a glance
8,122
People
$574,500
Median sale
$413/wk
Median rent
3.74%
Suburb gross yield
Median sale from 110 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Reliance Real Estate MeltonWelcome to an exceptional property that defines luxury, space, and sophistication. Nestled in one of Melton's most sought-after streets, this remarkable estate offers an unparalleled lifestyle with breath-taking mountain views and a serene reserve right across the road.
Property Features:
· Expansive 4,258 sqm (approx.) landholding
· 4 spacious bedrooms + study room
· Multiple living zones including theatre room, rumpus, and upstairs retreat
· Modern kitchen with stainless steel appliances, 900mm gas cooktop, double sink, dishwasher, pendant lighting, and ample storage
· Grand master suite with an opulent ensuite featuring a spa bath, double vanity, oversized shower, and a private balcony
· Ducted heating & evaporative cooling, plus 2 split system units for year-round comfort
Unmatched Indoor & Outdoor Living:
Upon entry, you are welcomed by soaring high ceilings, a grand layout, and voice/remote-controlled blinds for the ultimate convenience. The open-plan meals and living areas provide the perfect setting for family gatherings, while an additional rumpus room ensures there is ample space for relaxation.
Outside, your private paradise awaits! A fully enclosed pergola with ceiling fans, built-in BBQ, gas fireplace, and bistro blinds sets the stage for year-round entertainment. The in-ground pool, complete with solar/gas heating, built-in spa, and pool house with a powder room, shower, heating, and mounted TV, is a dream come true.
Additional Highlights:
· Triple car garage with internal & drive-through access
· CCTV cameras, alarm system & massive solar system
· Side access for cars, trailers, boats, or trucks
· Large shed with office space, split system, and direct internet access
· 3-phase power, water tanks, and bore water
· Horse-shoe driveway & manicured gardens
This one-of-a-kind estate seamlessly combines elegance, comfort, and practicality. With every detail carefully designed for a modern lifestyle, this home is truly a rare find.
Don't miss this exceptional opportunity to secure a property with immense potential in an unbeatable location. Call Sunil Gera on 0430 200 150 today to explore the possibilities at 49 Killarney drive, Melton.
You're close to everything you need while enjoying the tranquillity of your spacious property!
Education: Quality schools like Melton Primary, Melton Secondary College, and St Dominic's Catholic Primary are within easy reach.
Shopping & Dining: Woodgrove Shopping Centre offers major retailers, supermarkets, cafes, and restaurants, while Melton's town centre provides everyday conveniences.
Commercial Hub: Nearby, you'll find Bunnings, Supercheap Auto, Harvey Norman, and popular food chains like McDonald's, KFC, and Subway.
Recreation: Enjoy Melton Botanic Garden and Hannah Watts Park for walks, picnics, and outdoor activities.
Transport: Easy access to public transport, the Western Freeway, and Melton Train Station makes commuting a breeze.
Healthcare: Melton Health and local medical clinics ensure peace of mind for your family's well-being.
Listing description written by Sunil Gera, Reliance Real Estate Melton — 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.