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VIC › Buninyong › Palmerston St

509 Palmerston St, Buninyong VIC 3357

For saleHouse for Sale

$900,000–$940,000

For sale

Asking range

3

Bedrooms

2

Bathrooms

9

Car spaces

860 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $900,000–$940,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $900,000–$940,000(Listing record · 29 July 2026)
  • FactLand 860 m²; no building size recorded.(Property record)
  • CalculationAsk is 21% above the Buninyong median recorded sale ($745,000, n=28, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Buninyong's advertised median rent ($457/wk), implied gross yield would be 2.64% — 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

$900,000–$940,000

Asking range · $1,047/m² of land

No recorded sale for this property.

Buninyong at a glance

3,857

People

$745,000

Median sale

$457/wk

Median rent

3.19%

Suburb gross yield

Median sale from 28 recorded sales (last 12 months) — a Districts calculation.

See the full Buninyong report →

Vs Buninyong

+20.8%

Median sale

Suburb $745,000

-0.55 pp

Gross yield

Suburb 3.19%

Suburb median $745,000 from 28 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$900,000
Stamp Duty (Victoria)
$49,070
Transfer/Registration Fee
$2,210
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
$954,980

$54,980 on top of the price (6.1% extra)

  • Stamp Duty (Victoria)
  • 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: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

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

Net yield
1.14%
Annual cashflow (pre-tax)
$-36,536
Interest cover (DSCR)
0.22
Annual rent
$23,764
Operating expenses
$13,500
Loan amount
$720,000
Annual interest
$46,800
Gross yield
2.64%

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$900,000–$940,000available29 July 2026

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

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $457/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. 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.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 2.6%. 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

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • 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

Buninyong in one glance

Buninyong at a glance

3,857

People

$745,000

Median sale

$457/wk

Median rent

3.19%

Suburb gross yield

Median sale from 28 recorded sales (last 12 months) — a Districts calculation.

See the full Buninyong report →

Keep researching

  • Why Buninyong? Read the area thesis →
  • What else is on the market in Buninyong →
  • Other records on Palmerston St →

Listing material

Listed by Buy My Place

Wake Up to Mt Buninyong Views, Space, Storage & Sustainability Included

Phone Enquiry ID: 236242

Inspection By Appointment Only

Set on approximately 860m² in the heart of the historic village of Buninyong, walking distance to the 18-hole championship golf course, and only 10 minutes from Ballarat CBD with train services connecting Ballarat to Melbourne’s CBD for those who need it, this brick veneer split-level home offers a rare combination: a private master retreat with panoramic views, undercover car parking for over 8 vehicles, and genuine sustainability features throughout.

Read the full description

Wake up to uninterrupted views of Mt Buninyong in the private master suite on the upper level, complete with a massive walk-in robe, ensuite, and a privately accessed paved balcony (4m x 3m undercover, plus 6m x 2m open), perfect for morning coffee, evening wine, or simply taking it all in.

Downstairs, a sunroom with double-glazed windows encompassing the northerly, north-westerly and westerly aspects, filling the space with light throughout the day. The lower level is the true heart of the home: a large island kitchen with a walk-in pantry and abundant storage, flowing into open-plan dining and a spacious lounge with a study nook, ideal for working from home. Both areas open onto a massive undercover alfresco (approx. 12m x 3m) with merbau decking and a cascading water feature, made for indoor-outdoor living and weekend entertaining. Two further bedrooms with built-in robes (one with its own private external access), a second bathroom with bath and separate shower, a separate toilet, and a large laundry with excellent storage complete this level.

Outside, a private, securely fenced yard, ideal for pets, combines low-maintenance, established gardens (a haven for visiting rosellas), blank beds ready for your own touch, and a fence line with espaliered fruit trees, all kept drought-proof by a watering system supplied from under-house water tanks, with a solar power system helping keep running costs down.

For the car enthusiast, tradesperson or hobbyist, this property is hard to match: a double garage plus a 2-car concrete parking pad, and, via rear vehicle access, a huge 12m x 8m powered workshop (plus ancillary storage areas), with undercover car parking for 8 vehicles in total.

Property Highlights

• Approx. 860m² block in the heart of the historic village of Buninyong, walking distance to the 18-hole championship golf course, only 10 minutes from Ballarat CBD

• 3 bedrooms, split-level two-storey design, brick veneer

• Two bedrooms with built-in robes (one with private external access)

• Master suite with walk-in robe, ensuite & private balcony, uninterrupted Mt Buninyong views

• Sunroom with double-glazed windows spanning north, north-west & west aspects

• Open-plan kitchen (island + walk-in pantry), dining, lounge with study nook

• Undercover alfresco (approx. 12m x 3m) with water feature

• Second bathroom (bath + separate shower), separate toilet

• Large laundry with abundant storage

• Solar power system & under-house water tanks

• Undercover car parking for at least 8 vehicles: double garage, 2-car pad, and rear 12m x 8m shed/workshop with additional undercover space all concreted and powered

• Private, securely fenced yard (ideal for pets) with low-maintenance, established gardens and a fence line of espaliered fruit trees

• Train services connecting Ballarat to Melbourne’s CBD for those who need it

Listing description written by buyMyplace, Buy My Place — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Balcony
  • Broadband
  • Built-in Robes
  • Deck
  • Dishwasher
  • Ensuites: 1
  • Floorboards
  • Fully Fenced
  • Outdoor Entertaining
  • Rumpus Room
  • Secure Parking
  • Shed
  • Solar Panels
  • Study
  • Toilets: 1
  • Workshop

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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.