24 Oakbank Avenue, Highton VIC 3216

Sweeping views risk overshadowing | 674sqm sloping block limits usable space | Rental yield below 3% for this price point | No heritage overlay but design is current not classic | 2016 sale is a distant reference point The elevated position delivers a view premium that often masks a fundamental tension: the 674sqm block is large but sloped, which compresses the usable outdoor area the 32% building coverage suggests. This means the buyer pays for land they cannot easily use, and the 2016 purchase price is too old to anchor current value. The property should be held as a lifestyle home with long-term capital growth tied to the Old Highton precinct, not as a high-yield rental—the projected $625 weekly rent against a $1.1m price point yields approximately 2.9%, which underperforms a balanced portfolio. The rare selling point here is the dual-aspect panorama from a 2019 build that avoids the renovation risk of older stock in the river precinct. For a buyer who values immediate move-in condition, priority school zoning, and a view that will not be built out, this house competes strongly against the tired mid-century offerings in Newtown or the newer but land-poor townhouses in the growth corridors. It suits a professional couple or small family trading up from a smaller home, for whom the view and build quality justify the price for a decade-long hold; the next step is to commission a geotechnical assessment of the slope to quantify the true usable land area before negotiating.