Wallan at a glance
17,240
People
$615,000
Median sale
$520/wk
Median rent
4.40%
Suburb gross yield
Median sale from 74 recorded sales (last 12 months) — a Districts calculation.
VIC › Wallan › Riceflower Rise
$630,000
Last sold
20 July 2026
4
Bedrooms
2
Bathrooms
2
Car spaces
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
$630,000
20 July 2026 · derived via latest_sale
Wallan at a glance
17,240
People
$615,000
Median sale
$520/wk
Median rent
4.40%
Suburb gross yield
Median sale from 74 recorded sales (last 12 months) — a Districts calculation.
Vs Wallan
+2.4%
Median sale
Suburb $615,000
-0.11 pp
Gross yield
Suburb 4.40%
Suburb median $615,000 from 74 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 $520/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
Wallan at a glance
17,240
People
$615,000
Median sale
$520/wk
Median rent
4.40%
Suburb gross yield
Median sale from 74 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Area Agents Real EstateWelcome to 68 Riceflower Rise, Wallan — a beautifully presented 4-bedroom, 2bathroom, 2 garage and 2 Livings Metricon built home offering a perfect blend of contemporary design, quality finishes, and effortless family living. Nestled within the highly sought-after and family-friendly community of Wallan this property is set on impressive 418sqm Approx land presents an exceptional opportunity to secure a modern lifestyle in a thriving northern growth corridor. Surrounded by quality homes, peaceful streetscapes, landscaped reserves, and a welcoming neighborhoods atmosphere, this location offers the perfect balance of convenience, comfort, and community living. With Wallan continuing to grow through exciting infrastructure upgrades, new developments, and improved amenities, this is an ideal place to call home for families, professionals, and investors alike.
From the moment you arrive, the home impresses with its elegant brick-rendered façade, landscaped front garden, aggregate driveway, and double garage with epoxy flooring and built-in storage, creating a stylish and practical entrance.
Premium Features & Modern Inclusions:
• Spacious 4-Bedroom Accommodation
Offering four generously sized bedrooms designed for comfort and privacy. Each bedroom includes built-in robes with mirrored sliding doors, providing excellent storage and a stylish finish.
• Luxurious Master Suite
The master bedroom provides a private retreat with a spacious layout and a beautifully appointed ensuite. Featuring a double vanity, the ensuite delivers everyday luxury and convenience.
• Stylish Bathrooms & Separate Toilet
The home features two modern bathrooms with quality fixtures and contemporary finishes. A separate toilet with its own entry adds extra functionality for family living and guests.
• Multiple Living Zones
Enjoy flexible living with a separate lounge area plus an expansive open-plan living and dining zone. These spaces are designed for family gatherings, relaxation, and entertaining.
• Impressive High Ceilings
The living and dining area showcases a stunning 4.2m approx ceiling height, creating a grand sense of openness and natural light. The rest of the home features 2.7m approx. ceilings, adding a premium feel throughout.
• Quality Flooring Throughout
The home combines timber-look flooring in main living areas with soft carpet in bedrooms and lounge spaces. This creates a perfect balance of style, warmth, and comfort.
• Designer Kitchen with Premium Finishes
The heart of the home features a modern kitchen with stone benchtops and premium 900mm appliances. A large walk-in pantry, spacious island bench, double sink, and ample cabinetry make it perfect for everyday cooking.
• Functional Laundry with Storage
The laundry includes a 20mm laminated benchtop and plenty of storage solutions. It provides a practical and organised space for daily household needs.
• Custom Media Room Feature Wall
Relax and entertain in the dedicated media area featuring a stylish feature wall with built-in cabinetry. Perfect for movie nights and creating a modern family atmosphere.
• Year-Round Comfort
Stay comfortable in every season with ducted heating and evaporative cooling throughout the home. The system ensures a pleasant indoor environment all year round.
• Solar & Energy Efficiency
A 6.4kW solar system with 16 panels helps reduce energy costs while supporting sustainable living. Ideal for modern families looking for efficiency and savings.
• Advanced Security Features
The property includes an alarm system, video intercom with screen, and 8-camera CCTV security system. These features provide peace of mind and enhanced home security.
• Outdoor Entertainer’s Alfresco
The fully tiled open alfresco area creates the perfect space for entertaining family and friends. It provides the perfect setting for family gatherings, weekend BBQs, or relaxing outdoors with guests.
• Quality Additional Features
The home includes blinds throughout and mesh screens on kitchen windows for added comfort. Stylish entry tiles and premium finishes complete the modern presentation of this beautiful residence.
• Low-Maintenance Fully Concreted Backyard
The backyard has been fully concreted, offering a clean, practical, and low-maintenance outdoor space. Perfect for families who prefer easy upkeep while still having plenty of room for entertaining, children’s activities, or outdoor living.
• Seamless Indoor–Outdoor Living
The alfresco area connects effortlessly with the open-plan living and dining zones, creating a smooth flow between indoor comfort and outdoor enjoyment. Large sliding doors enhance natural light and make entertaining easy.
• Private & Functional Outdoor Space
Designed for convenience, the backyard provides a neat and versatile area with minimal maintenance requirements. Ideal for busy families looking for a stylish yet practical lifestyle.
Prime Wallan Location
Perfectly positioned in a growing northern corridor, this home provides easy access to everyday conveniences:
• Close to Wallan Shopping Centre featuring supermarkets, cafés, restaurants, and essential services
• Convenient access to local schools and childcare facilities in the surrounding area
• Surrounded by nearby parks, walking tracks, and family-friendly recreational spaces
• Easy access to public transport options and local bus routes
• Approx. 5 minutes’ drive to Wallan Railway Station with V/Line services to Melbourne CBD
• Quick connectivity to the Northern Highway and Hume Freeway, ideal for daily commuters
Wallan is positioned as one of the key future growth corridors in Melbourne’s northern region, supported by ongoing residential estates, infrastructure upgrades, and increasing demand for affordable land within commuting distance to the CBD. As part of the rapidly expanding Victoria growth corridor, Wallan continues to benefit from strong population inflow driven by first-home buyers and families seeking larger land sizes. Planned improvements to transport links, education facilities, and local town centre upgrades within the Shire of Mitchell Shire further enhance its long-term investment appeal. With continued development and its strategic location along the Hume Freeway and V/Line rail line, Wallan is expected to experience sustained capital growth and stronger rental demand over the coming years.
Whether you are looking for a premium family home or a quality investment opportunity, 68 Riceflower Rise, Wallan offers the perfect combination of modern living, space, and location.
Due Diligence Checklist for Residential Property Buyers: http://www.consumer.vic.gov.au/duediligencechecklist
NOTICE: While the vendor, agent, and agency have diligently strived to ensure the accuracy and truthfulness of the provided information, they assume no liability and hereby disavow any responsibility for errors, inaccuracies, or misrepresentations present within. Prospective buyers are advised to conduct their own investigations to authenticate the information presented herein.
Listing description written by Paul Sankoorikal, Area Agents Real Estate — reproduced as published, not verified by Districts.