6/13 Wallarano Drive, Noble Park VIC 3174
6/13 Wallarano Drive, Noble Park VIC 3174
Compact 2-bed unit | established school-belt pocket | strong starter demand | modest private space | school catchment convenience
This unit is positioned in an established part of Noble Park, within a residential complex that is well placed for primary schooling and local services. The two-bedroom layout is designed to be compact and low-maintenance, and it is best suited to first-home buyers or investors seeking dependable rental appeal rather than expansive living space. Its competitive edge is found in an accessible price point combined with a street address that is recognised in the local market. For a buyer looking for an entry-level unit with solid suburban fundamentals and modest upkeep, this is regarded as a credible and practical opportunity.
The sale price may be shaped by floor level, internal condition, and the shared complex’s quality. Upper units are often preferred for light and privacy; ground-floor units may be chosen for easier access. Older low-rise stock might be expected to need periodic maintenance, yet that can also be seen as keeping the entry price moderate. Inspection of common areas and fit-out is advised before a price view is formed.
>> Comparable Sales: two-bedroom unit sales in the locality recorded in the low-to-mid $500s | Property Price Band: $500k-$600k | Value Drivers: condition, floor level, complex presentation
Detailed Independent Property Report prepared by PropCred Analyst team for 6/13 Wallarano Drive, Noble Park VIC 3174
Checks found:
Value Risk
✕
2
Liquidity Risk
!
1
Planning Risk
!
1
Income Risk
✕
2
Execution Risk
!
1
Market Insight
Noble Park, in Greater Dandenong, is a family-oriented market with a 30–39 age cohort and strong community appeal attracting first-home buyers and investors. Median house prices sit near $830,000–$835,000 with annual growth of 6.3–7.9%; units are around $580,000–$583,000, up 5.5–8.0%. Houses transact in 27–71 days, yet annual sales volume has fallen 18.7%. Rental yields remain modest: houses 3.6–3.76%, units 4.4–4.7%. Demand is underpinned by affordability, 4.06% population growth since 2016, and established transport links. Constraints include household income trailing the Greater Melbourne average and longer listing times, signalling softer buyer conditions despite steady price growth.
PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
167m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst