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WA › Golden Bay › Cornelian Ave

5 Cornelian Ave, Golden Bay WA 6174

For saleHouse for Sale

$849,000

For sale

Asking

4

Bedrooms

2

Bathrooms

2

Car spaces

375 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $849,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $849,000(Listing record · 3 Aug 2026)
  • CalculationAsk is 2% above the Golden Bay median recorded sale ($830,000, n=115, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Golden Bay's advertised median rent ($662/wk), implied gross yield would be 4.05% — this is not a rent for this listing.(Districts scenario calculation)

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

The ask against the evidence

Asking

$849,000

Asking · $2,264/m² of land

No recorded sale for this property.

Golden Bay at a glance

8,069

People

$830,000

Median sale

$662/wk

Median rent

4.15%

Suburb gross yield

Median sale from 115 recorded sales (last 12 months) — a Districts calculation.

See the full Golden Bay report →

Vs Golden Bay

+2.3%

Median sale

Suburb $830,000

-0.10 pp

Gross yield

Suburb 4.15%

Suburb median $830,000 from 115 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$849,000
Stamp Duty (Western Australia)
$34,839
Transfer/Registration Fee
$225
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$887,764

$38,764 on top of the price (4.6% extra)

  • Stamp Duty (Western Australia)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

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: Western Australia schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Golden Bay's advertised median rent — not a rent for this listing.

Net yield
2.55%
Annual cashflow (pre-tax)
$-22,459
Interest cover (DSCR)
0.49
Annual rent
$34,424
Operating expenses
$12,735
Loan amount
$679,200
Annual interest
$44,148
Gross yield
4.05%

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.

Open the full yield calculator →

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. Listed$849,000available3 Aug 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

WA

Why this lot, not just this suburb

Why could this property outperform?

WA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 375 m² — that is not official geometry. 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.” Nearby development applications are not loaded for this property.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $662/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. Nearby development applications are not loaded for this property. 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

Gross yield if leased at the suburb aggregate is 4.1%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. 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

    WA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 375 m² — that is not official geometry.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded for this property.

  • 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

Golden Bay in one glance

Golden Bay at a glance

8,069

People

$830,000

Median sale

$662/wk

Median rent

4.15%

Suburb gross yield

Median sale from 115 recorded sales (last 12 months) — a Districts calculation.

See the full Golden Bay report →

Keep researching

  • Why Golden Bay? Read the area thesis →
  • What else is on the market in Golden Bay →
  • Other records on Cornelian Ave →

Listing material

Listed by Opal Realty

Brand new home - Move in at key handover

Why spend months making endless building decisions when you can secure a stunning brand-new home that's already well on its way to completion? Perfectly positioned in the thriving coastal community of Golden Bay, this exceptional Choice Homes build offers all the benefits of a new build, without the uncertainty, delays or stress that often come with building from scratch.

Whether you're looking to expand your investment portfolio, or simply enjoy the lifestyle of a brand-new home, this is an opportunity that's becoming increasingly difficult to find.

Expected for completion in 2026, this beautifully designed four-bedroom, two-bathroom residence has been thoughtfully finished with quality inclusions and timeless finishes throughout. Simply settle once construction is complete and enjoy the peace of mind that comes with a home that's ready to impress from day one.

Read the full description

Designed around modern family living, the light-filled open plan living and dining area is enhanced by soaring high ceilings, creating an incredible sense of space and connection. At the heart of the home, the stylish kitchen will feature stone benchtops, premium 900mm appliances, a Fisher & Paykel dishwasher and quality cabinetry, making everyday living and entertaining effortless.

Privately positioned at the front of the home, the spacious master suite provides a peaceful retreat with views over the front gardens, a generous walk-in robe and a contemporary ensuite complete with stone-top vanity, shower and private toilet.

The remaining bedrooms are all generously proportioned and include built-in robes, while the family bathroom continues the home's premium finishes with stone benchtops and quality fixtures.

Finished with tiled flooring throughout the main living areas, plush carpets to the bedrooms, LED downlights throughout and reverse-cycle air conditioning for year-round comfort, every detail has been carefully considered to deliver a home that is as practical as it is stylish.

Located just moments from beautiful parklands, reserves and the iconic Golden Bay Ladder, this home offers an enviable coastal lifestyle with the convenience of nearby schools, shopping centres, public transport and stunning beaches all within easy reach.

Whether you're searching for a low-maintenance investment with the benefits of a brand-new build, or a modern coastal home that's almost ready to enjoy, this is an opportunity not to be missed.

Property features:

• Land: 375sqm

• Living: 142sqm

• Build year: 2026

• Brand new Choice Homes build

• 4 spacious bedrooms, 2 bathrooms

• High ceilings to the open plan living area

• Stone benchtops throughout the kitchen, ensuite and main bathroom

• Stylish kitchen with 900mm appliances, Fisher & Paykel dishwasher

• Reverse-cycle air conditioning

• LED downlights throughout

• Quality tiled flooring to living areas

• Plush carpets to all bedrooms

• Spacious master suite with walk-in robe and private ensuite

• Built-in robes to all minor bedrooms

• Contemporary finishes throughout

• Ideal investment or SMSF purchase

• Settle upon completion - no building delays or decision fatigue

• Rental Appraisal: Approx $675 per week

Secure all the benefits of a brand-new home without the months of waiting, uncertainty and countless selections. Simply settle, move in or lease out, and enjoy everything this exceptional coastal lifestyle has to offer.

Artist's impression only. Render supplied by Choice Homes and based on the Zen design. Images are indicative only and intended to provide an approximate representation of the completed home. Final colours, finishes, landscaping and specifications may vary.

Contact Katie Berry from Opal Realty for further information

Disclaimer: This property description has been prepared for advertising and marketing purposes only. The information provided is believed to be reliable and accurate. Buyers are encouraged to make their own independent due diligence investigations / enquiries and rely on their own personal judgement regarding the information provided. Opal Realty provide this information without any express or implied warranty as to its accuracy or currency.

Listing description written by Katie Berry, Opal Realty — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Built-in Robes
  • Dishwasher
  • Ducted Cooling
  • Ducted Heating
  • Ensuites: 1
  • Reverse Cycle Aircon
  • Secure Parking

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Districts

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

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