68 Wollahra Rise, Wyndham Vale VIC 3024
68 Wollahra Rise, Wyndham Vale VIC 3024
4 bed 2 bath 2 car on 1.83 ha | near-new modern finish | family school catchment | large private parcel | rental demand present
The strongest point is found in the land. A 1.83 ha parcel is rarely offered inside a growth suburb, and the 206 m² four-bedroom house is placed with only 1% site coverage. The house is near-new, with a gourmet kitchen, second living area, separate study, ensuite, alarm, ducted heating, split-system cooling, and a double garage with internal access. It is zoned for Riverbend Primary School and Manor Lakes P-12 College, both within 2 km, adding practical family value. This combination is best matched to an owner-occupier family wanting estate convenience without a standard 400 to 500 m² block.
Value may be driven by land size. If the 1.83 ha title is usable, it is a rarity over standard lots. If it reflects a cadastral quirk or non-buildable land, price may be judged differently. Near-new condition and school catchment are expected to support demand. Price sensitivity is suggested by the rental reduction from $495 to $480. No relevant overlays were detected.
Detailed Independent Property Report prepared by PropCred Analyst team for 68 Wollahra Rise, Wyndham Vale VIC 3024
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Wyndham Vale, 31km southwest of Melbourne, remains a family-oriented, master-planned suburb with modern homes, parks and schools. Demand is driven by couples with children and a young demographic, with professionals, clerical workers and tradespeople prominent. House prices sit around $605,000 to $610,000, with annual growth between 3.3% and 5.2%, though a recent quarterly decline of 1.1% signals some cooling. Houses sell in roughly 32 to 56 days, supported by solid sales volumes, with weekly rents near $450 and gross yields around 3.8% to 3.9%, still below Melbourne averages. The unit market is thinner: median prices range from $415,000 to $487,500, with one source showing a 7.7% annual fall, and limited sales activity. Rental demand is firmer, however, with unit rents up 10% and house rents up 6.8% year-on-year. Future growth rests on continued family demand, transport infrastructure and school proximity, yet constraints remain: house price growth is trailing the Melbourne average by over 40%, yields are roughly 28% lower for houses and 31% lower for units, and affordability pressures persist.
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PropCred Estimated Value
Comparable Sales: 89 Wollahra Rise (5-bed, 3-bath) listed at $820K-880K; 412 m² Wollahra Rise lot listed from $412K | Listed Price Band: $600K-700K | Value Indicator: land size, near-new condition, school catchment
Bedrooms
4
Bathroom
2
Parking
2
Land
1.83 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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