78 Zorro Drive Yarrawonga VIC 3730

Price gap risk | No sale data since 2016 | Site area discrepancy | Below-average local sales pace The $690k–$710k asking price sits well above the $587k median for 3-bedroom Yarrawonga houses, which means a buyer must justify a premium of over $100k with superior land size or condition not proven by recent comparable sales. The 720m² block offers rare spatial depth in a suburb of mostly smaller lots, giving longer-term holding optionality for subdivision or extension if zoning permits. However, the 100-day average days on market and zero auction clearance indicate weak short-term buyer demand; this property should be pursued only at the lower end of the range and held for at least 5 years. The street’s 90% owner-occupancy and 80% long-term resident profile signal low tenant turnover and stable neighborhood quality-both supply-side constraints that protect value in a down market. The walkable distance to Yarrawonga College P-12 and Sacred Heart Primary strengthens appeal for families seeking a permanent home rather than rental investment. This property serves best a buyer prioritizing land depth and school access over immediate resale speed; serious interest should begin with zoning checks and two years of comparable lot sales within 500m.