Eastwood at a glance
2,742
People
$640,000
Median sale
$479/wk
Median rent
3.89%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
VIC › Eastwood › The Backwater
$1,085,000
For sale
Asking
$1,200,000
Last sold
27 May 2023
4
Bedrooms
4
Bathrooms
2
Car spaces
2,385 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
$1,085,000
Asking · $455/m² of land
Last recorded sale $1,200,000 (27 May 2023).
Local land rate: recorded House sales in Eastwood (last 5 years) with land size have a median of $724/m² of land (n=56). Districts calculation from recorded sales — not a valuation.
Eastwood at a glance
2,742
People
$640,000
Median sale
$479/wk
Median rent
3.89%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
Vs Eastwood
+69.5%
Median sale
Suburb $640,000
-1.59 pp
Gross yield
Suburb 3.89%
Suburb median $640,000 from 13 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$66,018 on top of the price (6.1% 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 Eastwood'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 $479/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.
Gross yield if leased at the suburb aggregate is 2.3%. 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
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
Eastwood at a glance
2,742
People
$640,000
Median sale
$479/wk
Median rent
3.89%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ashwood & Associates Real EstateThis is the luxury home you’ve been searching for. With four bedrooms, three bathrooms plus a powder room, incredible entertaining spaces, and breathtaking views, this residence is truly unbeatable for those who want it all.
Offering ample parking and additional secure, paved space behind locked gates—perfect for storing your caravan or boat.
The spacious living, dining, and kitchen area are enhanced by a cozy fireplace that sets the perfect winter ambience. If you’re looking for somewhere a little more secluded, take your pick from one of two retreats or the light-filled rumpus room, where ceiling windows capture natural sunlight all year round.
Accommodation is generous, with four beautiful bedrooms. One includes a built-in desk and ensuite, while the master suite is a true retreat, featuring its own lounge area, an ensuite with a double shower, enormous vanity, and separate toilet. The two remaining bedrooms share a stylish family bathroom with spa bath.
With its well-considered layout, this home perfectly balances privacy and connection, allowing everyone their own space while providing wonderful zones to come together and entertain. You’ll find a pool room and bar, along with servery windows that connect the kitchen to the undercover alfresco area—making entertaining effortless as guests enjoy meals straight from the window.
Step outside and you’ll find an entertainer’s paradise. Relax in the spectacular spa, unwind under the sprawling verandah that spans the rear of the home, and soak up panoramic views over the river and lush green pastures by day, or enjoy the sparkling lights of Bairnsdale by night. Pull up a chair, pour your favourite drink, and savour the lifestyle on offer here, pure bliss.
No expense has been spared in creating this exceptional property. Multiple split system heating and cooling units ensure year-round comfort, while the easy to maintain gardens draw the eye toward the horizon. A long, concreted path leads directly to the river and walking track below, offering easy access to fishing spots and the small jetties dotted along the riverbank.
Perfectly positioned in one of the area’s most sought-after locations, you’ll be within walking distance of Eastwood Shopping Centre, Aroma Café, schools, and childcare centres. Enjoy the many walking tracks throughout Eastwood Estate, or take a short drive to Bairnsdale’s vibrant CBD, the seaside charm of Paynesville, or the stunning beaches of Lakes Entrance, just 35 minutes away.
This is more than a home; it’s a lifestyle you’ll never want to leave. For an inspection, telephone Kim Ashwood on 0421868147 or Kane Ashwood on 0439036412 at ASHWOOD & ASSOCIATES REAL ESTATE.
Property Code: 386
Listing description written by Kim Ashwood, Ashwood & Associates Real Estate — reproduced as published, not verified by Districts.