FOR SALE
$2,600,000 plus GST

385 Bullumwaal Road
Wy Yung VIC 3875

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 14.4ha
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City Fringe Development Opportunity

Located just 5 minutes from the Bairnsdale CBD, we present for your consideration this impressive development site, with permit in place for a 26 lot subdivision.
The zoning is Low Density Residential (LDRZ), with the proposed lot sizes ranging from 4,100 square meters to 9,800 square meters.
The topography, views and proximity to town will ensure the successful future of this project, with demand for blocks in this market segment continuing to be strong.
A further 14.4 Ha (35 acre) parcel adjoining this site is also available, with the same zoning and suitable for future development. The address of this parcel is 38 Wy Yung Calulu Road Wy Yung.
Comprehensive details are available upon request.
For enquiries in the first instance, please contact Warren Meade on 0412 981 531.
Property Details:
Land Size: 15 Ha (37 acres) approx.
Zoning: Low Density Residential (LDRZ).
Services available: Power and Town Water.
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Property Details for 385 Bullumwaal Rd, Wy Yung

Building Type
Land
Land Size
14.4ha

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About Wy Yung 3875

The size of Wy Yung is approximately 35.4 square kilometres. It has 8 parks covering nearly 0.3% of total area. The population of Wy Yung in 2011 was 1,709 people. By 2016 the population was 1,658 showing a population decline of 3.0% in the area during that time. The predominant age group in Wy Yung is 50-59 years. Households in Wy Yung are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Wy Yung work in a trades occupation. In 2011, 74.5% of the homes in Wy Yung were owner-occupied compared with 77.9% in 2016.

Wy Yung has 1,093 properties. Over the last 5 years, Houses in Wy Yung have seen a 59.61% increase in median value, while Units have seen a 48.36% increase. As at 30 November 2024:

  • The median value for Houses in Wy Yung is $667,325 while the median value for Units is $354,177.
  • Houses have a median rent of $420.
There are currently 28 properties listed for sale, and no properties listed for rent in Wy yung on OnTheHouse. According to CoreLogic's data, 43 properties were sold in the past 12 months in Wy yung.

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Warren Meade
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Bill Wyndham & Company
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