2/5 Koonawarra Way, Diamond Creek, VIC 3089 | Property Value & History | OnTheHouse
FOR SALE

2/5 Koonawarra Way
Diamond Creek VIC 3089

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 265m2
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Property Details for 2/5 Koonawarra Way, Diamond Creek

2/5 Koonawarra Way, Diamond Creek is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 265m2.This Property is currently listed for sale with Morrison Kleeman Eltham | Greensborough | Diamond Creek | Doreen

Building Type
House
Land Size
265m2
Local Government
Nillumbik
Lot/Plan
2/PS911184

Last Listing description (May 2026)

*Inspection by Appointment Only - Please contact Vanessa O'Connell on 0402 982 236*

Expression of Interest Closing Tuesday 16th June at 5:00pm (Unless Sold Prior)

Positioned in a sought-after Diamond Creek location, this brand-new townhouse presents an outstanding opportunity for a tradie, builder, investor or buyer looking to complete a high-quality home and unlock its full value.
Past lock-up stage and with inspections passed up to this point, the home is well advanced, with the completion inspection remaining for the Certificate of Final Occupancy. Power and water are currently connected, ceilings are finished and painted, and the carpentry fix is approximately 90% complete.

This is a rare chance to secure a substantial four-bedroom townhouse with premium inclusions already supplied and many high-end features in place.

The well-considered floorplan offers excellent family flexibility, featuring four bedrooms, two living areas, two bathrooms, powder room, separate water closet, study nook, wine store, laundry and a double garage with storage. The open-plan kitchen, dining and living zone has been designed for modern family living, while the second living area provides added space and versatility.

Premium features include 2700mm ceilings across both levels, 2400mm doors throughout, square-set plaster, above-standard insulation to internal walls, ceilings and garage, black aluminium-framed windows, in-wall cistern toilets, large shower niches, electric under-tile heating to bathrooms, CCTV, perimeter lighting, intercom to both levels, wired access control, data and TV points to bedrooms and living zones, plus AV speaker wiring to the ground floor living, backyard and first-floor rumpus.

The property also includes two 10kW Daikin reverse-cycle ducted units for the ground and first floor, linear internal grilles, ducted vacuum provision, 2000L water tank plumbed to toilets, potential garage attic storage and under-house storage.

A substantial list of materials has already been supplied, including semi-solid doors, tapware, shower heads, toilets, freestanding bath, vanity basins, wall-hung vanities, shaving cabinets, large-format Italian Signorino marble-look tiles, Bosch integrated dishwasher, Bosch induction cooktop with downdraft rangehood, Bosch oven, integrated fridge, feature lighting, external lighting, wine racks and wardrobe door tracks.
This is a unique opportunity to complete a quality new build in a tightly held Diamond Creek pocket and capitalise on the value already created.
Ideal for tradies, builders or project-minded buyers seeking a premium near-complete home with significant upside.

Key Features
4 bedrooms, 2 bathrooms, powder room and separate WC
2 generous living areas plus study nook
Open-plan kitchen, living and dining
Double garage with storage area
Walk-in robe to main bedroom and built-in robes to remaining bedrooms
Wine store, laundry and excellent storage options
Past lock-up stage with inspections passed to date
Power and water currently connected
Estimated completion cost of approximately $150,000
Bank valuation as complete of approximately $1,100,000
Premium fixtures, fittings and appliances supplied
High-end wiring, lighting, heating, cooling and smart-home provisions
Excellent opportunity for tradie buyers, builders or investors

*** PHOTO ID REQUIRED AT OPEN FOR INSPECTION ***

Property History for 2/5 Koonawarra Way, Diamond Creek, VIC 3089

A timeline of how this property has performed in the market
  • 21 May 2026
    Listed for Sale ESR: $800,000 - $880,000
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About Diamond Creek 3089

The size of Diamond Creek is approximately 17.9 square kilometres. There are 31 parks, covering nearly 6.2% of the total area. The population of Diamond Creek in 2016 was 11733 people. By 2021 the population was 12503 showing a population growth of 6.6% in the area during that time. The predominant age group in Diamond Creek is 50-59 years. Households in Diamond Creek are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Diamond Creek work in a professional occupation.In 2021, 88.30% of the homes in Diamond Creek were owner-occupied compared with 87.10% in 2016.

Diamond Creek has 5,679 properties. Over the last 5 years, Houses in Diamond Creek have seen a 13.52% increase in median value, while Units have seen a 3.46% increase. As at 30 April 2026:

  • The median value for Houses in Diamond Creek is $1,081,452 while the median value for Units is $699,882.
  • Houses have a median rent of $680 while Units have a median rent of $625.
There are currently 42 properties listed for sale, and no properties listed for rent in Diamond creek on OnTheHouse. According to Cotality's data, 248 properties were sold in the past 12 months in Diamond creek.

Suburb Insights for Diamond Creek 3089

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.