42 Dunloe Avenue, Norlane, VIC 3214 | House for sale | OnTheHouse
 
FOR SALE
$530,000 - $580,000

42 Dunloe Avenue
Norlane VIC 3214

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Land area: 545m2
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Subdivision-Ready Opportunity in Norlane West

Positioned in one of Norlane West's most tightly held pockets, this property presents a compelling opportunity for investors, developers, and forward-thinking buyers looking to capitalise on future growth.
Set on approximately 545sqm, the groundwork for subdivision has already been started, offering the ability to complete the remaining services and create two separate titles (STCA). Whether you're ready to develop immediately or prefer to landbank, the flexibility here opens multiple avenues for value creation.
With potential changes to negative gearing being widely discussed, opportunities like this may become increasingly attractive for investors seeking to secure assets ahead of any policy shifts.
The existing two-bedroom, one-bathroom home provides immediate rental income, allowing you to generate cash flow while finalising plans. It's an ideal setup for those wanting to hold, develop, or stage their investment over time.
Conveniently located close to local shops, schools, and public transport, the property is well-positioned to attract strong tenant demand and long-term buyer interest.
A versatile and high-potential opportunity in a growth corridor - secure it now and unlock the upside at your pace.
Due Diligence checklist are available at www.consumer.vic.gov.au/duediligencechecklist
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Property Details for 42 Dunloe Ave, Norlane

42 Dunloe Ave, Norlane is a 2 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 545m2. The place is currently for sale with Harcourts North Geelong.

Building Type
House
Land Size
545m2
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About Norlane 3214

The size of Norlane is approximately 5.0 square kilometres. There are 10 parks, covering nearly 8.5% of the total area. The population of Norlane in 2016 was 8306 people. By 2021 the population was 8682 showing a population growth of 4.5% in the area during that time. The predominant age group in Norlane is 20-29 years. Households in Norlane are primarily single parents and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Norlane work in a labourer occupation.In 2021, 41.40% of the homes in Norlane were owner-occupied compared with 43.40% in 2016.

Norlane has 5,547 properties. Over the last 5 years, Houses in Norlane have seen a 27.28% increase in median value, while Units have seen a 25.35% increase. As at 30 June 2026:

  • The median value for Houses in Norlane is $548,824 while the median value for Units is $449,885.
  • Houses have a median rent of $410 while Units have a median rent of $410.
There are currently 21 properties listed for sale, and 16 properties listed for rent in Norlane on OnTheHouse. According to Cotality's data, 282 properties were sold in the past 12 months in Norlane.

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Eric Ly
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Shane King
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Harcourts North Geelong
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