Home/Properties/Norlane/42 Dunloe Avenue
42 Dunloe Avenue, Norlane$555,000
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For Salehouse

42 Dunloe Avenue

Norlane, VIC 3214, Australia
$530,000 – $580,000
2 bed 1 bath 2 car545 m²

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About this property

Positioned in one of Norlane West's most tightly held pockets, this property presents a compelling opportunity for investors, developers, and forward-thinking buyers looking to capitalise on future growth. Set on approximately 545sqm, the groundwork for subdivision has already been started, offering the ability to complete the remaining services and create two separate titles (STCA). Whether you're ready to develop immediately or prefer to landbank, the flexibility here opens multiple avenues for value creation. With potential changes to negative gearing being widely discussed, opportunities like this may become increasingly attractive for investors seeking to secure assets ahead of any policy shifts. The existing two-bedroom, one-bathroom home provides immediate rental income, allowing you to generate cash flow while finalising plans. It's an ideal setup for those wanting to hold, develop, or stage their investment over time. Conveniently located close to local shops, schools, and public transport, the property is well-positioned to attract strong tenant demand and long-term buyer interest. A versatile and high-potential opportunity in a growth corridor - secure it now and unlock the upside at your pace. Due Diligence checklist are available at www.consumer.vic.gov.au/duediligencechecklist

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
2
Bathrooms
1
Parking
2
Land Area
545 m²
Listed
2 months ago

Repayment calculator

$2,691/month
$1,345 /fortnight
Loan $444,000 at 6.10% over 30 years

Upfront costs

Deposit$111,000
Stamp duty$28,370
Conveyancing (est.)$2,000
Total upfront$141,370
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Norlane

This 2-bedroom house in Norlane, VIC 3214 sits within reach of public transport, local shops and nearby schools. It is listed 4% above the $534,000 median of 52 comparable houseswithin 5 km.

Schools near Norlane

  • Sirius College - Geelong Campuscombined
  • St Thomas Aquinas Schoolprimary · Prep-6 · CoEd

What's nearby

  • The Boulevard/Thompson Road (bus)517 m away
  • Foodworks616 m away
  • Darebin Park243 m away
  • Evans Reserve357 m away
  • Unnamed505 m away

Norlane at a glance

Full suburb profile
Population
8,682
Median age
37
Household income
$909/wk
Median rent
$250/wk
Median mortgage
$1,200/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Norlane price trend

Median sold · House 2 bed

Compound growth +1.4% / yr over 4 yrs

$478kcurrent median

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