5 Broome Street, Donnybrook VIC 3064
5 Broome Street, Donnybrook VIC 3064
4-bed family house on 508m² | priced above suburb norm | growth-corridor location | suited to owner-occupiers
This house offers a clear configuration advantage for Donnybrook, where much of the newer stock is built on smaller lots. The 508m² block provides meaningful outdoor space and separation from neighbours, which is becoming less common in this growth corridor. With four bedrooms and two bathrooms, it serves families who need room to move without stepping into a significantly higher price tier. The property is best suited to owner-occupiers—likely young families or upgraders—who value a detached home with a functional footprint over entry-level convenience. Its position near Donnybrook Primary School adds practical appeal for households with children, and the modest street presence suggests a quieter pocket within a suburb defined by active development.
The price guide sits well above what is typical for the area, which may reflect the larger land component or a higher level of finish, but this cannot be confirmed from available information. The property was last sold in 2023, so the current owner’s holding period is short, and any price expectation should be weighed against that recent transaction history. Market conditions in growth corridors can shift quickly, and buyer demand may soften if interest rates remain elevated. The lack of detail on build quality, aspect, or internal condition means the final value will hinge on what is discovered during an inspection. A thorough building and pest assessment, along with a review of title documents, would clarify whether the asking range is justified by the property itself or by the broader market momentum.
Detailed Independent Property Report prepared by PropCred Analyst team for 5 Broome Street, Donnybrook VIC 3064
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
1
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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.
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PropCred Estimated Value
Comparable Sales: 12 Broome Street (576m², off-market, price undisclosed) and a 4-bed house-and-land package on 362m² at $659,500 | Property Price Band: $900,000–$1,000,000 | Value Drivers: land size relative to local stock, proximity to primary school, and overall condition of the dwelling
Bedrooms
4
Bathroom
2
Parking
2
Land
508m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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