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98 Shields Street

Flemington, VIC 3031, Australia
$900,000
2 bed 1 bath146m²

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Area Price Guide
$846,000$954,000

Indicative price guide range

🏘️
66
Comparable
📊
$525,000
Area median
⚖️
+71%
vs median
📐
$6,164
Per m²
📏
146 m²
Land
🗓️
3 weeks ago
Listed

Approximate location shown. Contact agent for exact address.

Property Insights

Multi-dimensional analysis · last updated 06/05/2026

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Schools

7 nearby schools

Catchment: Flemington Primary School

Zoning

GRZ1 — General Residential Zone Schedule 1

Melbourne Planning Scheme

Public transport

Data unavailable

Traffic

Moderate congestion

Morning (7-9am) and evening (4-6pm) peak hours experience moderate congestion, particularly on Flemington Road and Racecourse Road heading towards the CBD. Race days at Flemington Racecourse can significantly increase local traffic volumes.

Flood risk

High

Flemington is a historically flood-prone inner Melbourne suburb located in the Yarra River floodplain, with significant flood risk from both riverine inundation and stormwater. The area is typically subject to the LSIO under the Victorian planning system, requiring strict development controls. Multiple major flood events (including 1972 and 1993) have affected the suburb, making flood risk assessment mandatory for most development.

Bushfire risk

None

Flemington is a densely urbanised inner-metropolitan suburb of Melbourne with minimal bushfire risk exposure. The suburb is characterised by residential housing, parks, and urban infrastructure with no significant native vegetation or wildland interface. No Bushfire Management Overlay (BMO) or Bushfire Prone Area (BPA) designation is typically applicable to this location.

Crime profile

above average

Trend: stable

Nearby development

5 projects nearby

Flemington is experiencing moderate infill development activity centred on mixed-use and medium-density residential projects, with the Racecourse precinct representing a major long-term renewal opportunity. Development is constrained by heritage overlays and existing racecourse use, but inner-suburban demand and improved local transport access are driving incremental DAs for apartments, townhouses and retail. Council support for housing intensification and active transport infrastructure is gradually reshaping the suburb's built form.

Heritage

Heritage listed

Flemington is a historically significant inner-Melbourne suburb centred on the world-famous Flemington Racecourse (established 1840s). Much of the suburb falls within a local heritage conservation area with Victorian and Edwardian-era residential stock, featuring predominant modest weatherboard and brick cottages. Development is constrained by heritage overlays and character retention requirements.

Sources: Australian Gov open data + StMate AI
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Property Photos

Property Features

    View full listing on Domain

    See all photos, agent details & contact options on the original source.

    Repayment calculator

    $4,363/month
    $2,182 /fortnight
    Loan $720,000 at 6.10% over 30 years

    Upfront costs

    Deposit$180,000
    Stamp duty$49,070
    Conveyancing (est.)$2,000
    Total upfront$231,070
    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.

    Property Details

    Property Type
    house
    Listing Type
    For Sale
    Bedrooms
    2
    Bathrooms
    1
    Land Area
    146m²
    Listed
    3 weeks ago

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