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
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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.
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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
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