111 Austin Avenue Mccrae VIC 3938

| Rare 999m² block | 7 parking spaces | 3-bedroom configuration | McCrae market edge | This property presents a rare competitive advantage in McCrae through its oversized 999m² lot and exceptional seven-car parking capacity, features that command a premium in a suburb where median house prices sit at $1.13m. The three-bedroom, two-bathroom layout serves downsizers seeking single-level living with space for a boat or caravan, or families wanting room for a workshop or pool without sacrificing proximity to Rosebud Primary School. Its positioning under the $990k guide, well below the suburb median, creates immediate equity potential for a buyer who values land area over house size. The primary risk is the property’s age and condition, which are not disclosed in available data—any deferred maintenance or outdated interiors will require capital that must be factored into the offer. With only 43 houses sold in McCrae this year and a 54% auction clearance rate, the buyer holds negotiating power in a soft market. The opportunity lies in securing a large block at a discount to median, then either renovating to lift value or holding for land appreciation given McCrae’s 60+ demographic and 78% long-term resident stability. Use this property as a long-term hold for land banking or a value-add renovation play.