183 Boobook Avenue, Red Cliffs VIC 3496
183 Boobook Avenue, Red Cliffs VIC 3496
Rural lifestyle | vineyard income | modern home | Red Cliffs catchment
The property offers a rare combination of a fully renovated family home with an established, income-producing vineyard on a single title, which is competitively strong for buyers seeking both lifestyle and operational return. The 9.71-hectare allotment with irrigated plantings, large sheds, and a pool positions it as a turnkey rural holding that serves owner-occupiers or those wanting a managed income stream. Its location in the Mildura council area with no overlays and good school catchments adds to its appeal for families.
The main risk is the property’s recent sale price of $820,000, which sits below the estimated value range, suggesting a buyer may have secured it at a discount or that market conditions are soft. The 2-megalitre water allocation is modest for the planted area, which could limit vineyard expansion or require additional water purchases. However, the existing irrigation system and solar panels reduce ongoing costs, and the rental estimate of $515 per week provides a floor for income. For a buyer, this property should be held as a lifestyle asset with potential for capital growth as the vineyard matures, or used as a dual-income holding with the house rented and vineyard operated separately.
Detailed Independent Property Report prepared by PropCred Analyst team for 183 Boobook Avenue, Red Cliffs VIC 3496
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Red Cliffs is a family-oriented suburb with a strong working demographic, where demand is driven by established households seeking home ownership. The market demonstrates robust seller sentiment, with houses transacting swiftly and achieving significant capital appreciation. Future growth is underpinned by consistent rental demand and solid yields, though its expansion is naturally constrained by the predominance of non-residential zoning, limiting new housing supply.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
6.51 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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