Masterplan

Penrose Place

Officer, Victoria, Australia, Officer VIC

2 lots · 2× 3 bed

Land here

$335k

land component, per lot

Suburb land median

$433k

VGV Officer · 2024

vs suburb median

-22.6%

below median — better land value

Suburb land growth

+107% (9yr)

+8.4%/yr compound · VGV 2015–2024

New build vs established · May 2026 budgetNew build ahead by $105k after-tax at 10 yrsOpen the calculator ↗

Standard assumptions (VIC · 37% bracket · 20% deposit · 6.5% interest · 4.2% yield · 7% growth · 10-yr hold). Negative gearing is new-build only post-budget; run the client's own numbers in the calculator.

Price range

$664k

Gross yield

3.1%

suburb median rent $396/wk ÷ entry price

Title timing

Q3 2027

first titles Q3 2027

Contract

All two-part

two-part = stamp duty on land only

Move Intelligence

No angle tags for this estate

Land value vs Valuer-General Officer vacant-land median · gross yield only (no modelled costs)

Lots in this estate2 lots

Lot	Bd/Ba/Cr	Land	Build	Total	Title · Contract	Actions
Lot 1945Best landBest build Oakhurst 129	3/2/1	179m²	120.35m²	$664k $2,735/m² build	Q3 2027 two-part	🔒 Sign in to act Run the numbers →
Lot 1949 Oakhurst 129	3/2/1	179m²	120.35m²	$664k $2,735/m² build	Q3 2027 two-part	🔒 Sign in to act Run the numbers →

Lot 1945Best landBest build$664k

Oakhurst 129

3 bed · 2 bath · 1 carTitle Q3 2027Land 179m² · Build 120.35m²$2,735/m² buildtwo-part

🔒 Sign in to act Run the numbers →

Lot 1949$664k

Oakhurst 129

3 bed · 2 bath · 1 carTitle Q3 2027Land 179m² · Build 120.35m²$2,735/m² buildtwo-part

🔒 Sign in to act Run the numbers →

Tap a column to sort. Land/build $ split & land $/m² shown in the estate summary above (near-constant across these lots).

Suburb intelligence

Officer house median $778k

Quarter

▲ 3.5%

Year

▲ 3.5%

Gross yield4.1%

Median rent$600/wk

Clearance—

Days on market35Metro 42

By bedroom2bd $563k3bd $670k · $550/wk4bd $817k · $610/wk

5-year trajectory · OFFICER houses

REIV · 2021 Q1 → 2026 Q1

202120232025

OFFICER$755kMetro Melbourne$992k

REIV, Outer Melbourne · Mar-26 quarter

Who lives here

Population

18,503

Median age

VIC: 38

Household income

$2,125/wk

20% above VIC state median

Labour force

74.8%

VIC: 62.4% · +12 pts

Age profile: families with young children

OfficerVictoria

0-14

25%

15-24

12%

25-34

21%

35-44

18%

45-54

11%

55-64

65+

Housing stock

Owner-occupied

70%

Households

Couple families with children	54%
Family households	82%

Mortgage health

VIC state median

The location

Nearest school

227 m

Officer Primary School

Full retail

2.0 km

IGA Local Grocer Officer

Melbourne by train

682 m

Officer station

Pins show verified amenities and employment anchors. Distances in the tables below.

Schools & childcare

Officer Primary School	200 m
OneSchool Global Berwick Campus	600 m
St Brigid's Primary School	800 m
TerryWhite Chemmart	900 m
St Germain Health and Wellness Precinct	5.8 km

Retail & services

IGA Local Grocer Officer	2.0 km
Woolworths	2.7 km
Lakeside Square Shopping Centre	2.7 km

Transport

Officer station	700 m
Cardinia Road station	2.7 km
Pakenham Roads Upgrade (under construction)	6.8 km
Cranbourne Line Extension — Clyde (planned)	10 km

What's nearby

Train

Officer · 0.7 km

3 stations within 5 km

Major projects

Pakenham Roads Upgrade · 6.8 km (under construction)
Cranbourne Line Extension — Clyde · 10.4 km (planned)

Schools

16 within 3 km

Nearest: Officer Primary School · 0.2 km

Distances as the crow flies. Stations & schools: OpenStreetMap · Major projects: Victoria's Big Build.