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VIC › Craigieburn › Medway Rd

54 Medway Rd, Craigieburn VIC 3064

For saleHouse for Sale

$660,000–$690,000

For sale

Asking range

4

Bedrooms

3

Bathrooms

2

Car spaces

647 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $660,000–$690,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $660,000–$690,000(Listing record · 28 Aug 2026)
  • FactLand 647 m²; no building size recorded.(Property record)
  • CalculationIf it leased at Craigieburn's advertised median rent ($533/wk), implied gross yield would be 4.20% — 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

$660,000–$690,000

Asking range · $1,020/m² of land

No recorded sale for this property.

Craigieburn at a glance

71,986

People

No data

Median sale

$533/wk

Median rent

No data

Suburb gross yield

See the full Craigieburn report →

Total cost to purchase

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

Purchase Price
$660,000
Stamp Duty (Victoria)
$34,670
Transfer/Registration Fee
$1,649
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
$700,019

$40,019 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 Craigieburn's advertised median rent — not a rent for this listing.

Net yield
2.70%
Annual cashflow (pre-tax)
$-16,504
Interest cover (DSCR)
0.52
Annual rent
$27,716
Operating expenses
$9,900
Loan amount
$528,000
Annual interest
$34,320
Gross yield
4.20%

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$660,000–$690,000available28 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

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 $533/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 4.2%. 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

Craigieburn in one glance

Craigieburn at a glance

71,986

People

No data

Median sale

$533/wk

Median rent

No data

Suburb gross yield

See the full Craigieburn report →

Keep researching

  • Why Craigieburn? Read the area thesis →
  • What else is on the market in Craigieburn →
  • Other records on Medway Rd →

Listing material

Listed by Ray White Craigieburn

Family Haven with Exceptional Entertaining on 647m2* Corner Block

Set on an expansive 647m2*corner block, this unique home offers the kind of space, warmth and versatility that is becoming increasingly hard to find, tucked away in one of Craigieburn's established pockets, it's a home designed for families to grow, gather and create lasting memories.

Offering four bedrooms and three bathrooms, including two beautifully renovated bathrooms, there's room for everyone to enjoy their own space while still coming together as a family. The generous lounge room provides a place to unwind, while the kitchen sits at the heart of the home, offering plenty of storage, extensive bench space and a modern-rustic exposed brick arch feature that brings warmth, charm and personality.

What makes this home truly special is its incredible flexibility. The self-contained area (4th bedroom) with its own kitchen provides the perfect retreat for extended family, teenagers or guests, while also offering an ideal space for a home office, workshop or those working from home. Step outside and you'll discover an entertainer's haven, with an enormous outdoor entertaining area made for long lunches, family celebrations and relaxed weekends together. The built-in bar and fireplace create a wonderful atmosphere for entertaining, while the established gardens and multiple private outdoor spaces give the backyard a peaceful, homely feel. There's plenty of room for the kids and pets to run around, while adults can sit back and enjoy.

Read the full description

Comfort and practicality have been thoughtfully considered throughout the home, with roller shutters, ceiling fans, heating and cooling ensuring the family remains comfortable all year round. Additional features such as solar panels add to the home's energy efficiency, while security cameras provide added peace of mind, and an outdoor garden shed offers valuable additional storage and a practical space for gardening equipment, tools and more.

Conveniently positioned close to Willmott Park Primary School, other local schools, parks, sporting facilities, reserves, public transport, medical services, and Craigieburn Train Station approximately 1.9km away. Moments from Craigieburn Central Shopping Centre, Craigieburn Plaza, and The Base Craigieburn - putting shopping, dining and everyday essentials within easy reach. A central location, a generous block and a home filled with warmth, character and possibilities - this is one you'll want to experience for yourself.

Call Trish Orrico on 0423 336 636 for more information.

Disclaimer: All information provided herein has been supplied by third parties. Ray White has not independently verified its accuracy and makes no warranty as to its completeness. Prospective buyers are urged to conduct their own due diligence.

Listing description written by Trish Orrico, Ray White Craigieburn — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Secure Parking
  • Toilets: 3
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.