9 Compass Cres, Donnybrook VIC 3064
9 Compass Cres, Donnybrook VIC 3064
New 2021 build | compact 259m² block | 143m² of living space | 3/2/2 family layout | strong rental appeal
This is a competitively positioned new-build house in a growth corridor suburb, offering a practical three-bedroom, two-bathroom layout with a double garage and a floor plan that makes efficient use of its 143 square metres. The 2021 construction date means modern building standards, low immediate maintenance expectations, and the kind of energy-efficient design that appeals strongly to first-home buyers and young families. The compact land size is typical of newer estates, but the internal space is generous enough to feel like a proper family home rather than a squeezed townhouse. With ducted heating, a dishwasher, built-in robes, and an alarm system already in place, it presents as move-in ready. The property sits within a residential zone in the Whittlesea council area, and the absence of any detected flood, bushfire, or heritage overlays removes a layer of risk that can complicate other purchases. This house serves best the buyer who wants a low-maintenance, contemporary home in a developing suburb with good school access and transport links, without paying a premium for a larger block they do not need.
The value picture here is shaped by a few factors that may influence how this property performs relative to its price point. The 259m² lot is on the smaller side, which might limit appeal for buyers seeking outdoor space or future extension potential, and it could cap long-term capital growth compared to larger blocks in the same area. The standard finishes, while functional, are not likely to stand out against higher-spec new builds nearby, so presentation and condition at inspection will matter more than any premium feature. Rental demand appears solid given the family-oriented neighbourhood and school proximity, which may support investor interest and keep the yield reasonable. The absence of overlay risks is a quiet positive, but the compact land and standard configuration mean the price should reflect a practical family home rather than a standout or scarce offering.
|| Comparable Sales: 49 Compass Cres sold May 2024 for $595,000; 7 Compass Cres marketed between $560,000–$616,000 | Property Price Band: $550K–$650K | Value Drivers: modern build quality, efficient internal layout, compact land size, school catchment access
Detailed Independent Property Report prepared by PropCred Analyst team for 9 Compass Cres, Donnybrook VIC 3064
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
1
URL has been copied successfully!
Market Insight
Donnybrook, 34km northeast of the CBD, is a semi-rural suburb attracting family-oriented buyers after spacious homes, with first-home buyer packages also in play. House prices are effectively stagnant: the median sits at $651,100 with annual growth of 0.02%, and houses average 61 days on market. Sales volume remains healthy at 452 per year, while rental demand is firm—vacancy is 2.58%, weekly house rent is $500, and gross yields reach 3.91% for houses and 4.52% for units. Rental income runs 16.1% above Greater Melbourne’s average. The key constraint is rate sensitivity: auction clearance is weak at 25–27.4%, and supply is ample with 551 properties listed, which will likely cap price gains despite steady turnover and infrastructure support for family living.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 49 Compass Cres sold May 2024 for $595,000; 7 Compass Cres marketed between $560,000–$616,000 | Property Price Band: $550K–$650K | Value Drivers: modern build quality, efficient internal layout, compact land size, school catchment access
Bedrooms
3
Bathroom
2
Parking
2
Land
259m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!