Lovely Banks at a glance
2,684
People
$794,500
Median sale
$389/wk
Median rent
2.55%
Suburb gross yield
Median sale from 14 recorded sales (last 12 months) — a Districts calculation.
VIC › Lovely Banks › Canola Ct
$1,039,000
Last sold
15 May 2024
5
Bedrooms
2
Bathrooms
2
Car spaces
754 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
$1,039,000
15 May 2024 · derived via latest_sale
Local land rate: recorded House sales in Lovely Banks (last 5 years) with land size have a median of $1,364/m² of land (n=25). Districts calculation from recorded sales — not a valuation.
Lovely Banks at a glance
2,684
People
$794,500
Median sale
$389/wk
Median rent
2.55%
Suburb gross yield
Median sale from 14 recorded sales (last 12 months) — a Districts calculation.
Vs Lovely Banks
+30.8%
Median sale
Suburb $794,500
-0.60 pp
Gross yield
Suburb 2.55%
Suburb median $794,500 from 14 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 $389/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
Lovely Banks at a glance
2,684
People
$794,500
Median sale
$389/wk
Median rent
2.55%
Suburb gross yield
Median sale from 14 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by McGrath Geelong | NewtownThis stunning new home completed only in May 2023, offers a versatile and spacious layout with five bedrooms plus a home office, or an alternative setup of four bedrooms and two studies, tailored to your family's needs.
You are greeted by high ceilings and a stunning custom timber staircase that sets the tone for the bespoke grand elegance that unfolds throughout this beautifully crafted home. The kitchen is a chef's delight, featuring 40mm stone benchtops with waterfall edges, under-mount sinks, dual wall ovens, integrated dishwasher, plumbing for the fridge and a butler's pantry. It's perfect for hosting and daily life. Offering three separate spacious living areas and a home theatre room with soundproofing, there are plenty of areas to retreat to and have some quiet time or enjoy your favorite movie.
The generous master bedroom offers enough room for a king-sized bed and plenty of furniture without compromising on space. Walk through the walk-in robe with bespoke cabinetry though through to your ensuite where you will find a custom 2.1m shower featuring dual shower heads and plenty of room to get ready for the day ahead. All bathrooms are enhanced with stone finishes and soft-closing cabinetry, adding a touch of luxury.
Notable features are a well-thought-out laundry shoot, upgraded European appliances and added storage space in the garage. The property is eco-friendly too, with Colourbond roofing and upgraded insulation as well as a brilliant solar panel system contributing positively to your electricity bills. The undercover alfresco area is equipped with outdoor speakers for ultimate entertaining and a plumbed gas point for your BBQ. Positioned perfectly, this home offers easy access to Geelong CBD and the freeway to Melbourne.
Local schools are just a stone's throw away including Kardinia International, Rollins Primary School, Bell Park Primary and High School. This property is not just a home; it's a quality lifestyle.
- Gas ducted heating throughout
- Evaporative cooling upstairs
- Split system cooling downstairs
- 32 panels 13kw solar system less than 12 months old
- Security cameras front and back and alarm system
- 44 Squares of internal living space approximately
- High ceilings throughout
- Upgraded insulation
- Integrated Laundry shoot
- Side access to garden for trailer/boat
Listing description written by Aisha Coe, McGrath Geelong | Newtown — reproduced as published, not verified by Districts.