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VIC › Metung › Mairburn

U4, 1 Mairburn, Metung VIC 3904

For saleVilla

$215,000

For sale

Asking

3

Bedrooms

2

Bathrooms

0

Car spaces

244.8 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $215,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $215,000(Listing record · 9 Oct 2024)
  • CalculationAsk is 56% below the Metung median recorded sale ($485,000, n=18, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Metung's advertised median rent ($462/wk), implied gross yield would be 11.17% — 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

$215,000

Asking · $878/m² of land

No recorded sale for this property.

Metung at a glance

1,912

People

$485,000

Median sale

$462/wk

Median rent

4.95%

Suburb gross yield

Median sale from 18 recorded sales (last 12 months) — a Districts calculation.

See the full Metung report →

Vs Metung

-55.7%

Median sale

Suburb $485,000

+6.22 pp

Gross yield

Suburb 4.95%

Suburb median $485,000 from 18 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$215,000
Stamp Duty (Victoria)
$7,970
Transfer/Registration Fee
$607
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
$227,277

$12,277 on top of the price (5.7% 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

Pre-filled with Metung's advertised median rent — not a rent for this listing.

Net yield
9.67%
Annual cashflow (pre-tax)
$9,619
Interest cover (DSCR)
1.86
Annual rent
$24,024
Operating expenses
$3,225
Loan amount
$172,000
Annual interest
$11,180
Gross yield
11.17%

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$215,000available9 Oct 2024

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 $462/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 11.2%. 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

Metung in one glance

Metung at a glance

1,912

People

$485,000

Median sale

$462/wk

Median rent

4.95%

Suburb gross yield

Median sale from 18 recorded sales (last 12 months) — a Districts calculation.

See the full Metung report →

Keep researching

  • Why Metung? Read the area thesis →
  • What else is on the market in Metung →
  • Other records on Mairburn →

Listing material

Listed by RE/MAX Genesis

Holiday Villa - Investment Opportunity in Metung

Imagine owning a slice of paradise in the heart of Metung, where every day feels like a resort-style vacation. This three-bedroom, two-bath Villa offers the ultimate lifestyle package, combining land, a stunning villa, and fully furnished interiors for your convenience. It is a freehold property. This villa is designated for holiday rentals only and cannot be used as a permanent residence.

This beautifully designed three-bedroom villa is your ticket to a world of leisure. Nestled in the vibrant community of Metung, you'll have endless opportunities for boating, fishing, swimming, and water sports. And guess what? The waterfront hotel, cozy cafes, and charming boardwalks are just a short stroll away, making every day an adventure.

Under a Management Agreement, on-site management will look after all aspects of bookings, cleaning, and maintenance. Giving you peace of mind that your property is well maintained with the added benefit of a potential income.

Read the full description

This three-bedroom cabin combines both investment and an inexpensive holiday into one package.

• Kitchen/lounge/dining area leading to a large balcony.

• Main bedroom with ensuite.

• Second and third bedrooms all with BIR's and central bathroom with separate toilet.

• Use of resort facilities, including a heated swimming pool and children's play area.

• Substantial depreciation allowance.

• Strata Title with Management Rights Contract and strong gross yield.

The Metung Holiday Villa grounds include a heated swimming pool, BBQ and picnic areas, and a children's playground. The property is set in the heart of Metung allowing you to maximise all this region has to offer - boating, fishing, swimming, and water sports. Ideal to share these units with a family of four (syndicate) and each family can use the unit.

The waterfront hotel, cafés, and boardwalks a short stroll away. This type of property is in a highly desirable location will not last long.

Call Daniel on 0417 824 769 for a private viewing.

Due Diligence Checklist

---------------------------------------------------------------------------------------------------------------

What you need to know before buying a residential property.

Before you buy a home, you should be aware of a range of issues that may affect that property and impose restrictions or obligations on you, if you buy it. This checklist aims to help you identify whether any of these issues will affect you. The questions are a starting point only and you may need to seek professional advice to answer some of them. You can find links to organisations and web pages that can help you learn more, by visiting the due diligence checklist page on the Consumer Affairs Victoria website (consumer.vic.gov.au/duediligencechecklist).

Disclaimer: All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy, and interested persons should rely on their own enquiries.

*Please note that the image indicating the boundary lines is an estimate only. The actual boundary lines for this property are provided in the Section 32 / Vendor Statement.

Listing description written by Emile van den Berg, RE/MAX Genesis — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Dishwasher
  • Ensuites: 1
  • Secure Parking
  • Toilets: 2
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.