22 Waranga Ave, Mount Austin is a 9 bedroom, 4 bathroom Unit with 4 parking spaces. The property has a land size of 1486m2 and floor size of 118m2. While the property is not currently for sale or for rent, it was last sold in July 2021.
Seize a rare investment opportunity at 22 Waranga Avenue, Mount Austin, where historical charm meets modern, high-yield functionality. Established in 1890, the Mount Austin Homestead held singular importance as the only structure on its expansive estate, then part of a working dairy farm. This historical significance was formally recognised when the property was subdivided in 1948, leading to the entire suburb being named in its honor: Mount Austin.
Comprising four separate residences, this unique offering provides exceptional flexibility. The property features the spacious and versatile Mount Austin Homestead, alongside two newer, fully self-contained two-bedroom units. This configuration allows for adaptable living arrangements: it can operate as four independent, self-contained units, each designed for privacy and autonomy, or the two Homestead units can be effortlessly combined to create a single, expansive five-bedroom home, ideal for integrated living or increased on-site support.
Recently updated and currently secured by a long-standing tenant (in place for four years), this property presents a proven, high-performing investment. Enjoy strong rental yields and the option of a long-term leaseback, offering a genuine "set-and-forget" opportunity in a thriving regional market. For the astute buyer, this is an investment poised to deliver solid returns and a strategic foothold in a resilient sector.
KEY PROPERTY FEATURES:
FLEXIBLE ACCOMMODATION:
Four independent residences
Mount Austin Homestead: Offering a spacious and adaptable layout.
Two self-contained 2-bedroom units: Secure and private.
Seamless transformation: Ability to combine Homestead units into a large 5-bedroom home, catering to varied rental models and needs.
LIVING & KITCHEN AREAS:
Combined lounge/dining areas in units for comfortable living.
Spacious wide hallways and high ceilings contribute to an open feel.
Two traditional kitchens in the Homestead, complementing the property's character.
Two well laid out kitchens in the self-contained units for modern convenience.
BEDROOMS & BATHROOMS:
A total of nine bedrooms across the four residences.
Homestead: Two bathrooms with showers and two separate toilets.
Self-contained units: Each features a bathroom with a shower and toilet.
CLIMATE CONTROL:
New split system air conditioning installed throughout all four units ensures year-round comfort.
Ceiling fans for enhanced air circulation.
STORAGE & VEHICLE ACCOMMODATION:
Generous four-car carport provides immediate, protected access.
An extraordinary, multi-purpose outdoor expanse is capable of securely hosting four+ additional vehicles, ensuring ample parking for residents, and visitors.
LAND SIZE: 1486 m2
LAND RATES: $5,383 pa
All information provided has been obtained from sources believed to be reliable; however, no guarantee is made as to its accuracy. Interested parties should rely on their own independent enquiries. Images may have been digitally enhanced for marketing purposes.
The size of Mount Austin is approximately 2.6 square kilometres. There are 9 parks, covering nearly 30.3% of the total area. The population of Mount Austin in 2016 was 3957 people. By 2021 the population was 4035 showing a population growth of 2.0% in the area during that time. The predominant age group in Mount Austin is 20-29 years. Households in Mount Austin are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mount Austin work in a trades occupation.In 2021, 51.10% of the homes in Mount Austin were owner-occupied compared with 52.00% in 2016.
Mount Austin has 1,870 properties. Over the last 5 years, Houses in Mount Austin have seen a 112.45% increase in median value, while Units have seen a 84.74% increase. As at 30 April 2026:
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