Romsey at a glance
6,233
People
$850,000
Median sale
$545/wk
Median rent
3.33%
Suburb gross yield
Median sale from 63 recorded sales (last 12 months) — a Districts calculation.
VIC › Romsey › Banksia Ct
$500,000–$550,000
For sale
Asking range
3
Bedrooms
1
Bathrooms
2
Car spaces
956 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
$500,000–$550,000
Asking range · $523/m² of land
No recorded sale for this property.
Romsey at a glance
6,233
People
$850,000
Median sale
$545/wk
Median rent
3.33%
Suburb gross yield
Median sale from 63 recorded sales (last 12 months) — a Districts calculation.
Vs Romsey
-41.2%
Median sale
Suburb $850,000
+2.34 pp
Gross yield
Suburb 3.33%
Suburb median $850,000 from 63 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Based on the low end of the asking range, not a contract price.
$30,044 on top of the price (6.0% 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.
Based on the low end of the asking range, not a contract price.
Pre-filled with Romsey'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 $545/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 5.7%. 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
Romsey at a glance
6,233
People
$850,000
Median sale
$545/wk
Median rent
3.33%
Suburb gross yield
Median sale from 63 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Reliance Real Estate SunburySitting on an impressive 956m² block in the heart of Romsey, 8 Banksia Court is the opportunity savvy buyers have been waiting for. Priced to sell at $500,000 – $550,000, this is exceptional value for a block of this size - and the possibilities are genuinely exciting.
Whether you're a first-home buyer ready to roll up your sleeves, an experienced renovator chasing your next project, or a developer with an eye for the future - this property deserves your attention.
The Home
The existing residence is a solid brick home offering three bedrooms, one bathroom and two car spaces, with generous living and dining zones across a well-considered floor plan. The bones are strong, the block is exceptional, and the potential is truly undeniable. Bring your vision, your trades and your imagination - and transform this into something you'll be proud to call home.
Inside, the open-plan living and meals area offers plenty of space to work with, while the large covered entertaining area at the rear gives you a head start on outdoor living from day one.
The Opportunity
The 956m² allotment opens the door to a range of possibilities. Renovate the existing home to create your dream family residence, extend and add value, or explore the potential to develop townhouses on this generous parcel of land - **subject to council approval**. With Romsey continuing to grow and attract buyers seeking space and affordability, the timing has never been better to get in early.
The Location
Convenience rarely gets better at this price point:
- 🛒 Less than 5 minutes to Romsey Coles and Romsey town centre - schools, cafes, parks and everyday essentials all within easy reach
- ✈️ Approximately 25 minutes to Melbourne Airport** - a genuine advantage for frequent travellers or those working in the aviation precinct
- 🚗 Approximately 50 minutes to Melbourne CBD - enjoy the space and lifestyle of regional Victoria without sacrificing city access
- 🏫 Walking distance to Romsey Primary School and local sporting facilities
Key Features:
- Priced to sell - $500,000 to $550,000
- Solid brick 3-bedroom, 1-bathroom home with double garage
- 956m² allotment - rare block size in this tightly held pocket
- Potential to build townhouses - subject to council approval
- Covered outdoor entertaining area
- Ready for full cosmetic renovation - blank canvas opportunity
- Quiet court location in established Romsey neighbourhood
- Less than 5 minutes to Romsey Coles and town centre
- Approximately 25 minutes to Melbourne Airport
- Perfect for first-home buyers, renovators, investors and developers
Romsey continues to attract buyers seeking space, lifestyle and value - and with blocks like this becoming increasingly scarce, the window to act is narrow.
📞 For more information or to arrange an inspection, contact:
Prince Dhir – 0411 552 685
Vishal Badhran – 0459 844 320
Photo ID required for an Inspection. Please see the below link for an up-to-date copy of the Due Diligence Check: http://www.consumer.vic.gov.au/duediligence
DISCLAIMER: All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent. PLEASE NOTE: Open for inspection times are subject to change or cancellation without notice. We suggest checking the OFI details on the day of inspection.
Listing description written by Vishal Badhran, Reliance Real Estate Sunbury — reproduced as published, not verified by Districts.
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