1 Macalister Drive, Coongulla VIC 3860

Bushfire attention required | dual living zones add flexibility | growth driven by low entry point | rental yield steady but not exceptional This property demands careful consideration of bushfire risk, which may affect insurance costs and future resale appeal in a tightening market. The 1,082 m² land parcel with two living rooms and a parents’ retreat offers genuine versatility for a family or those needing home-office separation, but the floor area suggests modest room sizes. Given the land-to-building ratio, the value lies in the site rather than the structure, making this a holding proposition for patient buyers rather than a short-term flip. The competitive strength here is the land component in a low-density locale, combined with a layout that accommodates multi-use living—rare at this price point. For a buyer seeking a permanent home with room to grow, or a long-term hold with gradual capital appreciation, this property serves well. The recent appreciation trajectory supports further upside, provided the bushfire overlay is managed through proper due diligence on insurance and vegetation clearance. To proceed, arrange a professional bushfire assessment and confirm your lender’s appetite for the risk profile before any offer.