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Location

Market Insights for Warrnambool VIC 3280

New Listings (last 30 days)

Average price

$724,857

Lowest price

$179,000

Highest price

$1,750,000

33 Cassady Esplanade, Warrnambool VIC 3280

$240,000 - $260,000

Search Band

$240k - $252k Transparent Based on an openly advertised listing price.

Land 569 m²

Listed: 5 days ago

Overview

This land listing offers a rare opportunity to secure a sizable 569 square meter corner parcel situated directly opposite the scenic Merri River within the sought-after Riverland Estate. The riverfront location brings serene water views and immediate access to pleasant walking trails, setting a peaceful lifestyle backdrop.

The block's ample size and corner placement provide flexibility for buyers aiming to design and build a home tailored to their preferences, accommodating modern lifestyle and outdoor living needs. For investors, this site benefits from recent federal tax reforms, especially the incentives related to negative gearing on new builds, making it a strong candidate for leveraging depreciation and tax advantages.

Location-wise, the land is advantageously positioned just five minutes from Warrnambool's central business district, ensuring convenient access to cafes, retail hubs, and essential services. The proximity to reputable educational institutions such as Brauer College and St Pius Primary School supports family-oriented buyers, while recreational spots including Lake Pertobe and nearby coastal beaches enhance the leisure possibilities.

Altogether, this site combines lifestyle appeal with strategic investment potential, making it a desirable proposition for buyers looking to embrace a tranquil riverside environment without sacrificing accessibility and growth prospects.

Local Market Insights

In Warrnambool, Quiet Listings observed 7 new parcels of land entering the market over the last 30 days, up from 3 during the previous 30-day period, with an average advertised asking price of $724,857. The property type mix of listed properties is predominantly Houses at 65%, followed by land (11%), and units (9%). The most active agency for land in the Warrnambool area is currently Ray White, representing 43% of new listings, followed by Harris + Wood Real Estate with 14%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.