Map view

Toolern Waters Estate

, Melton South VIC 3338

3 lots · 1× 3 bed · 2× 4 bed

Land here

$270k – $350k

land component, per lot

Suburb land median

$310k

VGV Melton South · 2024

vs suburb median

-12.9%

below median — better land value

Suburb land growth

+105% (9yr)

+8.3%/yr compound · VGV 2015–2024

New build vs established · May 2026 budgetNew build ahead by $96k 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

$611k – $740k

Gross yield

2.6%

suburb median rent $300/wk ÷ entry price

Title timing

Titled now

all 3 lots registered

Contract

All one-part

two-part = stamp duty on land only

Move Intelligence

No angle tags for this estate

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

Lots in this estate3 lots

Lot	Bd/Ba/Cr	Land	Build	Total	Title · Contract	Actions
Lot 1199Best build Turin 23	4/2/2	401m²	209.3m²	$740k $1,863/m² build	Titled one-part	🔒 Sign in to act Run the numbers →
Lot 1237Best land Porto 19	4/2/1	401m²	175.31m²	$723k $2,128/m² build	Titled one-part	🔒 Sign in to act Run the numbers →
Lot 1141 Havana 14	3/2/1	272m²	127m²	$611k $2,685/m² build	Titled one-part	🔒 Sign in to act Run the numbers →

Lot 1199Best build$740k

Turin 23

4 bed · 2 bath · 2 carTitle TitledLand 401m² · Build 209.3m²$1,863/m² buildone-part

🔒 Sign in to act Run the numbers →

Lot 1237Best land$723k

Porto 19

4 bed · 2 bath · 1 carTitle TitledLand 401m² · Build 175.31m²$2,128/m² buildone-part

🔒 Sign in to act Run the numbers →

Lot 1141$611k

Havana 14

3 bed · 2 bath · 1 carTitle TitledLand 272m² · Build 127m²$2,685/m² buildone-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

Melton South house median $587k

Quarter

▲ 0.0%

Year

▲ 10.8%

Gross yield3.8%

Median rent$430/wk

Clearance62%Metro 69%

Days on market34Metro 42

By bedroom3bd $540k · $410/wk4bd $615k · $460/wk

5-year trajectory · MELTON SOUTH houses

REIV · 2021 Q1 → 2026 Q1

202120232025

MELTON SOUTH$588kMetro Melbourne$992k

REIV, Outer Melbourne · Mar-26 quarter

Who lives here

Population

11,362

Median age

VIC: 38

Household income

$1,209/wk

-32% above VIC state median

Labour force

49.0%

VIC: 62.4% · +-13 pts

Forecast to grow +39.9% by 2046 (~1.35%/yr) — population 11,565 → 16,185. ~1,979 new dwellings are forecast over the same period — strong demand and amenity, but also future resale supply to weigh. .id forecast · City of Melton

Age profile: families with young children

Melton SouthVictoria

0-14

23%

15-24

11%

25-34

15%

35-44

15%

45-54

12%

55-64

65+

15%

Housing stock

Owner-occupied

61%

Households

Couple families with children	43%
Family households	69%

Mortgage health

VIC state median

The location

Nearest school

301 m

UFS

Full retail

210 m

Coles

Melbourne by train

260 m

Melton Station Square

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

Schools & childcare

Coburn Primary School	700 m
Melton South Primary School	900 m
Staughton College	900 m
UFS	300 m
Melton Health Hub	1.9 km
New Melton Hospital (under construction)	2.6 km

Retail & services

Coles	200 m
Woolworths	1.7 km
Melton Station Square	300 m

Transport

Melton station	400 m
Cobblebank station	3.0 km
Melton Station Square	300 m
Melton Line electrification (Western Rail Plan) (planned)	2.2 km

What's nearby

Train

Melton · 0.4 km

2 stations within 5 km

Major projects

Melton Line electrification (Western Rail Plan) · 2.2 km (planned)
New Melton Hospital · 2.6 km (under construction)

Schools

15 within 3 km

Nearest: Coburn Primary School · 0.7 km

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