329-347 Diamond Creek RoadDiamond Creek VIC 3089
Property Details for 329-347 Diamond Creek Rd, Diamond Creek
329-347 Diamond Creek Rd, Diamond Creek is a 0 bedroom, 8 bathroom Unit.
Last Listing description (August 2025)
Significant Investment, Land Holding and Potential
A significant parcel of land totalling 15.56 acres (approx.), on Melbournes urban fringe just 21km from the CBD, presents an incredible opportunity to acquire a blue-chip investment with strong returns and significant future capital growth potential. Bordered by Diamond Creek Road and Yan Yean Road - the property offers excellent land banking options for potential future subdivision (STCA), as well as a dynamic mix of tenancies ranging from child care, through to allied health and state parliament.
Steeped in history, the site also boasts the original orphanage building designed by James Wardrop (architect for the Shrine of Remembrance), opened in 1929 by Lord Somers. A wonderful space for a myriad of future uses, or simply continue its current use as a multiple tenancy building.
- Unique land holding on Melbournes urban fringe, of approx. 15.56 acres
- Long-term leases in place to reliable tenants
- Current Zoning RCZ3 - Rural Conservation Zone 3
- Possible subdivision potential in the future (STCA)
- Dual access via Yan Yean and Diamond Creek Road
- Near essential services - including major arterial roads
- Moments from bus services, St Helena Marketplace
- Close to Greensborough Train Station, and Shopping Centre
- Cottage, private residence and 10 professional suites/rooms
- Future-ready and positioned for growth and long-term success
Property History for 329-347 Diamond Creek Rd, Diamond Creek, VIC 3089
- 11 Aug 2025Listed for Sale $9,500,000 - $10,450,000
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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 5,694 properties. Over the last 5 years, Houses in Diamond Creek have seen a 2.84% increase in median value, while Units have seen a 1.71% increase. As at 31 August 2026:
- The median value for Houses in Diamond Creek is $1,056,835 while the median value for Units is $718,096.
- Houses have a median rent of $683 while Units have a median rent of $650.
Suburb Insights for Diamond Creek 3089
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