Norlane, VIC
Entry-level house in a regional growth corridor, bought below median for a first-time investor.
- Purchase price
- $520,000
- Valuation uplift
- +$95K
- Gross yield
- 5.6%
- Income
- $560 pw
The brief
A first-time investor with limited capital wanted an affordable entry point with genuine rental demand, rather than stretching into a capital-city market at the top of their budget.
Why we bought it
- 01
Priced under the region's median
Secured below the suburb median at a time when comparable stock was tightly held.
- 02
Renewal underway nearby
Adjacent streets are seeing renovation and infill activity, supporting a gradual re-rating of the pocket.
- 03
Low entry cost, real yield
The price point kept the deposit achievable while still returning a yield above the regional average.
Asset detail
- Land area
- 480 sqm
- Configuration
- 3 bed · 1 bath · 1 car
- Year built
- 1975
- Zoning
- General residential
- Vacancy rate
- 1.4% LGA
- Independent valuation
- $610K
The acquisition
- Step 1Capacity confirmed for a first, affordable entry point.
- Step 2Regional growth corridors screened on affordability and rental demand.
- Step 3Inspected and offered within a week of listing.
- Step 4Secured at $520,000, below the suburb median.
Outcome
Leased within two weeks; independently valued at $610K within twelve months of settlement.