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VIC › Dromana › Jamieson St

8 Jamieson St, Dromana VIC 3936

For saleLand for Sale

$840,000–$920,000

For sale

Asking range

0

Bedrooms

0

Bathrooms

0

Car spaces

761 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $840,000–$920,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $840,000–$920,000(Listing record · 10 Aug 2026)
  • FactLand 761 m²; no building size recorded.(Property record)
  • CalculationAsk is 7% below the Dromana median recorded sale ($900,000, n=88, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Dromana's advertised median rent ($617/wk), implied gross yield would be 3.82% — 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

$840,000–$920,000

Asking range · $1,104/m² of land

No recorded sale for this property.

Dromana at a glance

7,490

People

$900,000

Median sale

$617/wk

Median rent

3.56%

Suburb gross yield

Median sale from 88 recorded sales (last 12 months) — a Districts calculation.

See the full Dromana report →

Vs Dromana

-6.7%

Median sale

Suburb $900,000

+0.26 pp

Gross yield

Suburb 3.56%

Suburb median $900,000 from 88 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
$840,000
Stamp Duty (Victoria)
$45,470
Transfer/Registration Fee
$2,070
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
$891,240

$51,240 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 Dromana's advertised median rent — not a rent for this listing.

Net yield
2.32%
Annual cashflow (pre-tax)
$-24,196
Interest cover (DSCR)
0.45
Annual rent
$32,084
Operating expenses
$12,600
Loan amount
$672,000
Annual interest
$43,680
Gross yield
3.82%

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$840,000–$920,000available10 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 $617/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.

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 3.8%. 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

Dromana in one glance

Dromana at a glance

7,490

People

$900,000

Median sale

$617/wk

Median rent

3.56%

Suburb gross yield

Median sale from 88 recorded sales (last 12 months) — a Districts calculation.

See the full Dromana report →

Keep researching

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

Listing material

Listed by Ray White Rosebud

The Dream is Designed. The Views are Forever.

Why wait years to build your dream home when all the hard work has already been done?

Positioned in one of Dromana's most tightly held hillside pockets, this exceptional 762sqm (approx.) allotment presents a rare opportunity to secure premium land with breathtaking panoramic views across Port Phillip Bay. Complete with endorsed architectural plans and permits for a stunning contemporary residence, you can bypass the lengthy planning process and start building immediately or hold the land and build whenever the time is right for you.

Adding even greater appeal, all essential services are already available to the site, including power, water and point of discharge, with NBN available and gas connection available (subject to regulatory approval). For complete peace of mind, all supporting documentation has also been reviewed by Bayline Building Permits Frankston, giving you the flexibility to commence construction immediately or whenever you're ready.

Read the full description

The dream is already designed. A striking double-storey residence has been thoughtfully created to embrace the elevated position and spectacular bay outlook. The upper level showcases light-filled open-plan living, dining and kitchen spaces with a butler's pantry, a luxurious master suite, a powder room and a private north-facing balcony with privacy screening - perfect for entertaining while taking in the uninterrupted bay views. A double garage provides convenient street-level access.

Downstairs offers exceptional flexibility for families, featuring three additional bedrooms, a stylish central bathroom and a spacious rumpus room complete with a bar, creating the ideal retreat for teenagers, guests or multi-generational living. Sliding doors extend to a private 320m² (approx.) landscaped garden, seamlessly blending indoor and outdoor living.

Designed with timeless coastal appeal, the residence combines brick veneer and James Hardie weatherboard cladding beneath a Colorbond roof, while double glazing throughout and a 6-star energy rating ensure comfort, efficiency and lasting quality.

Perfectly positioned just moments from Dromana's pristine foreshore, vibrant shopping village, cafés, restaurants and boat ramp, you'll also enjoy easy access to Arthurs Seat Eagle, award-winning wineries, championship golf courses and some of the Mornington Peninsula's most picturesque walking trails. Here, every day feels like a holiday.

Property Highlights

• Premium elevated 762m² (approx.) allotment with breathtaking panoramic Port Phillip Bay views

• Endorsed architectural plans and permits for a stunning four-bedroom contemporary residence

• All services available to the site, including power, water and point of discharge

• NBN available with gas connection available (subject to regulatory approval)

• Supporting documentation reviewed by Bayline Building Permits Frankston, allowing you to build immediately or whenever you're ready

• Skip the lengthy planning process and enjoy the flexibility to build on your timeline

• Open-plan family living with butler's pantry and private master suite upstairs

• Separate downstairs rumpus with bar, ideal for teenagers, guests or multi-generational living

• North-facing entertaining balcony and private 320m² (approx.) landscaped rear garden

• Contemporary coastal design with brick veneer, James Hardie weatherboards and Colorbond roofing

• 6-star energy rating with double glazing throughout

• Gently sloping site designed to maximise the spectacular outlook and simplify the build

• Prestigious hillside location surrounded by quality homes

• Approx. 2.5km to Dromana Beach

• Approx. 2.4km to Dromana Shopping Village, cafés and restaurants

• Approx. 5-7 minutes to Arthurs Seat Eagle and renowned Mornington Peninsula wineries

The planning is complete. The permits are approved. The services are connected. The documentation has been reviewed. Whether you're ready to break ground immediately or prefer to build at a later date, everything is in place to bring your dream home to life.

This is an exceptionally rare opportunity to secure premium vacant land in one of Dromana's most sought-after hillside locations without the uncertainty, delays and costs typically associated with obtaining plans and permits. Before long, you could be waking to uninterrupted Port Phillip Bay views from your own architecturally designed coastal sanctuary.

Premium building sites of this calibre are becoming increasingly scarce. Don't miss your opportunity to secure one of the Peninsula's finest parcels of land and enjoy the effortless coastal lifestyle that awaits.

Contact us today to receive the endorsed architectural plans, permits and supporting documentation, and discover just how close you are to turning your dream home into reality.

Listing description written by Michelle Bennie, Ray White Rosebud — reproduced as published, not verified by Districts.

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.