Dunkeld VIC Property Investment

## 1. Investment Verdict Hold – the Investment Scorecard sits at 49 / 100, signalling a cautious stance. The median house price of approximately $672,000 (pending peer validation) underpins the neutral outlook.

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## 2. Market Overview - Median house price: around $672,000 (not yet cross‑validated). - Growth trend: no price‑trend data supplied, so we cannot confirm upward or downward movement. - Days on market: not provided.

Signal: With a median price in the mid‑$600k range and no clear growth or speed‑of‑sale data, the market appears balanced. Buyers should expect modest price negotiation room, while sellers cannot rely on strong price‑rise momentum.

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## 3. Rental Market - Vacancy rate: data not supplied. - Weekly rent: data not supplied. - Gross yield: cannot be calculated without rent figures. - Demand rating: not supplied.

Implication: The absence of rental metrics prevents a definitive yield assessment. Investors should seek up‑to‑date vacancy and rent data before committing capital.

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## 4. Short‑Term Rental Opportunity - STR nightly rate: not supplied. - Occupancy: not supplied. - Estimated annual revenue: cannot be estimated without nightly rate or occupancy.

Conclusion: With no short‑term rental data, we cannot rank LTR versus STR. A prudent approach is to treat LTR as the default until STR performance data becomes available.

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## 5. Infrastructure & Growth Drivers - Known projects, transport, employment base: not supplied.

Assessment: Without information on new infrastructure or major employers, we cannot identify specific demand catalysts or constraints for Dunkeld.

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## 6. Bull Case If the suburb attracts new infrastructure, improves employment opportunities, or experiences a broader regional price uplift, a 10 %–15 % price rise is plausible.

• 10 % uplift: median house price ≈ $739,200.
• 15 % uplift: median house price ≈ $772,800.

These figures are simple percentage applications to the current median and illustrate the upside ceiling should demand drivers materialise.

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## 7. Risks | Risk | Quantified Concern (where available) | |------|--------------------------------------| | Vacancy risk | No vacancy data – uncertainty around rental income stability. | | Single‑employer dependency | No employment data – cannot gauge exposure to a dominant employer. | | Supply pipeline | No information on upcoming dwellings – unknown pressure on future vacancy or price. | | Rate sensitivity | General market risk – higher interest rates could suppress buyer capacity and compress yields. |

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## 8. The Play - Entry range: $620,000 – $720,000, centred around the approximate median of $672,000. - Minimum yield target: aim for 4 %–5 % gross yield (industry benchmark) once reliable rent data is obtained. - Watch signals: 1. Peer‑validated median price confirmation. 2. Release of vacancy and rent figures for Dunkeld. 3. Announcement of any infrastructure or major employer projects. - Recommended strategy: Hold existing positions while monitoring the above signals. If the median price adjusts downward into the entry range and rental yields meet the 4‑5 % threshold, consider a selective purchase. Conversely, if vacancy rises or no growth catalysts emerge, maintain a defensive stance.