147 Racecourse Road, Redesdale VIC 3444
147 Racecourse Road, Redesdale VIC 3444
4-bed rural holding | 16.19 ha parcel | 6-car space | long owner-occupancy | bushfire overlay
The property’s core strength is found in its rare combination of a four-bedroom dwelling with six parking spaces on a substantial 16.19 hectare parcel in a low-density rural locality. It is positioned well above the suburb’s typical three-bedroom housing, making it a standout for buyers seeking genuine acreage without taking on an institutional-scale holding. The location’s long-term owner-occupancy and farming zone character are reflected in a private, established rural feel. This house is best suited to lifestyle purchasers, tree-changers, or small-scale rural operators looking for space for vehicles, sheds, or hobbies rather than conventional commuters.
The property’s value may be shaped by a bushfire overlay, which might increase insurance costs and limit development options. On-site infrastructure like sheds, water, and fencing may be limited, so a buyer might need to budget for improvements. Perceived value could also be influenced by land quality and layout for practical rural use, making inspection important.
Detailed Independent Property Report prepared by PropCred Analyst team for 147 Racecourse Road, Redesdale VIC 3444
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Redesdale is a tightly held, prestige segment of the Melbourne market, with just two house sales in the past year and a median of $838,000. The 50% five-year house price gain and a gross yield of 2.6% reflect a buyer profile weighted toward equity-rich, discretionary purchasers rather than investors. Units have lagged, up 22% over five years. Supply is the central constraint: advertised stock across Melbourne sits roughly 21% below typical five-year levels, and the city’s 1.7% vacancy rate underscores the imbalance. Forecasts for 2026 range from +2% to +7% nationally, but Redesdale’s extreme transaction thinness amplifies price swings. Affordability constraints in the broader market remain the key brake on further acceleration.
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PropCred Estimated Value
Comparable Sales: Lot 1 Cnr Mount Lofty Racecourse Road sold $425k; 99 Racecourse Road sold $120k | Property Price Band: $1.2M-$1.3M | Value Drivers: land size, building configuration, privacy
Bedrooms
4
Bathroom
2
Parking
6
Land
16.19 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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