Goldbank Real Estate proudly presents an outstanding development opportunity in the heart of Bunyip. Set on approximately 4,500m2 of flat, highly versatile land within the General Residential Zone (GRZ1), this property delivers exceptional potential for developers, investors, and owner-occupiers alike (STCA).
Perfectly positioned beside the local school and just moments from major amenities, only 2 minutes to Bunyip Train Station, 3 minutes to township shops, and 20 minutes to Pakenham. This strategic site is ideally suited to a wide array of development possibilities, including childcare, medical facilities, townhouses, or multi-lot subdivision (STCA).
The Residence
A comfortable, well-maintained 3-bedroom home provides immediate living options or strong rental appeal while future development plans are explored.
Master bedroom with ensuite & walk-in robe
Two additional bedrooms with built-in robes
Open-plan kitchen, dining & living area
Central bathroom plus separate powder room
Dedicated laundry with external access
Land Highlights
Approx. 4,500m2 of flat, highly usable land
GRZ1 zoning offering significant development flexibility (STCA)
Ideal for childcare, medical, residential subdivision (STCA)
Directly adjoining the school
Whether you're looking to develop, invest, or landbank, 40 Hope Street, Bunyip delivers the perfect balance of immediate comfort and long-term potential in one of Bunyip's most strategically positioned corridors.
For more information or to arrange a private inspection, please contact:
Mohabbat Gill 0478 003 395
Sukhdeep Singh 0412 003 466
(PHOTO ID REQUIRED AT OPEN FOR INSPECTION)
Note: Due Diligence Checklist: http://www.consumer.vic.gov.au/duediligencechecklist
Disclaimer: All dimensions are approximate. Information provided is for general guidance and does not represent a vendor or agent's offer.
The size of Bunyip is approximately 24.2 square kilometres. The population of Bunyip in 2016 was 2468 people. By 2021 the population was 3131 showing a population growth of 26.9% in the area during that time. The predominant age group in Bunyip is 10-19 years. Households in Bunyip are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bunyip work in a trades occupation.In 2021, 85.10% of the homes in Bunyip were owner-occupied compared with 82.60% in 2016.
Bunyip has 1,634 properties. Over the last 5 years, Houses in Bunyip have seen a 40.94% increase in median value, while Units have seen a 26.10% increase. As at 31 January 2026:
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