5 Rae Street, Ironbark, VIC 3550 | Land for sale | OnTheHouse
 
FOR SALE
$195,000 - $215,000

5 Rae Street
Ironbark VIC 3550

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Land area: 308m2
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Rare Vacant Allotment – Build Your New Home Close to the CBD

An exciting opportunity to secure a vacant parcel of land in the established and increasingly popular suburb of Ironbark. Positioned at 5 Rae Street, this approximately 308m² allotment offers the chance to build a brand-new home in a location where vacant land is becoming increasingly difficult to find.
The block provides an excellent opportunity for first-home buyers, downsizers, investors or anyone looking to build a low-maintenance home within easy reach of central Bendigo.
To demonstrate what can be achieved on the site, concept plans are available showing an impressive three-bedroom home positioned on the allotment. The example design incorporates three bedrooms, master with ensuite, family bathroom, open-plan kitchen, meals and living area, European-style laundry, outdoor pergola and a single garage – highlighting just how well the land can accommodate a modern and comfortable home.
The location is a real feature. From here you are conveniently positioned close to Bendigo's CBD, St John of God Hospital, Violet Street Primary School, Golden Mines Hotel, sporting facilities and the historic Central Deborah/Poppet Head precinct, with a wide range of shopping, schools and amenities only minutes away.
Property highlights include:
- Vacant allotment of approximately 308m²
- Established Ironbark location
- Excellent opportunity to build a modern, low-maintenance home
- Example three-bedroom home design available showing the potential of the site
- Convenient access to Bendigo CBD
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Property Details for 5 Rae St, Ironbark

Building Type
Land
Land Size
308m2
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About Ironbark 3550

The size of Ironbark is approximately 0.9 square kilometres. There are 2 parks, covering nearly 12.0% of the total area. The population of Ironbark in 2016 was 1095 people. By 2021 the population was 1163 showing a population growth of 6.2% in the area during that time. The predominant age group in Ironbark is 20-29 years. Households in Ironbark are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ironbark work in a professional occupation.In 2021, 54.80% of the homes in Ironbark were owner-occupied compared with 57.20% in 2016.

Ironbark has 737 properties. Over the last 5 years, Houses in Ironbark have seen a 15.27% increase in median value, while Units have seen a 14.67% increase. As at 31 August 2026:

  • The median value for Houses in Ironbark is $619,604 while the median value for Units is $443,747.
  • Houses have a median rent of $485 while Units have a median rent of $430.
There are currently 7 properties listed for sale, and 4 properties listed for rent in Ironbark on OnTheHouse. According to Cotality's data, 35 properties were sold in the past 12 months in Ironbark.

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Gavin Butler
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Gavin Butler Real Estate
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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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