Welcome to 1 Heberles Road — a rare and exciting opportunity to secure a high-performing residential complex in the heart of Victoria’s breathtaking High Country. Nestled just minutes from Mount Beauty and under 40 minutes from Falls Creek, this fully leased property comprises nine self-contained units on a single title, delivering a strong gross annual rental income of $180,960.
Property Overview:
The complex includes:
Six spacious 2-bedroom, 1-bathroom units
Two comfortable 1-bedroom, 1-bathroom units
One generous 3-bedroom, 2-bathroom unit
Shared laundry facilities
Well-maintained and currently home to a mix of long-term tenants, the property provides a reliable and diversified income stream.
Location Highlights:
Tawonga South, located at the gateway to Mount Beauty, is rapidly emerging as one of Victoria’s most desirable regional destinations. Its proximity to the Falls Creek Alpine Resort (just under 40 minutes) and the boutique tourism haven of Bright (only 30 minutes away) makes it a year-round magnet for skiers, cyclists, hikers, and food and wine enthusiasts.
The region has seen strong capital growth in recent years, driven by a lifestyle shift toward regional living, improved infrastructure, and a steady rise in tourism. Mount Beauty, in particular, is experiencing increasing demand for both permanent rentals and short-term accommodation—positioning this property perfectly for future capital appreciation or a transition to a more flexible leasing strategy, such as Airbnb or seasonal stays.
Lifestyle & Convenience:
Set at the edge of the Victorian High Country, this property offers the perfect balance of natural beauty and convenience. The township of Mount Beauty is just minutes away, offering schools, cafes, shops, and essential services. For larger retail and transport links, Wodonga is an easy 75-minute drive.
Tenants enjoy open green spaces, panoramic mountain views, and direct access to outdoor recreation—including walking tracks, fishing spots, mountain biking trails, and ski fields.
Key Investment Highlights:
9-unit residential block on one title
Total gross rent: $180,960 per annum
Stable, long-term tenants in place
Opportunity for holiday or short-term rental conversion
Strong demand drivers: tourism, seasonal workers, and lifestyle migration
Potential for future development (STCA)
Located in a high-growth regional pocket of northeast Victoria
Whether you're an experienced investor looking to expand your portfolio with a proven performer, or a regional lifestyle buyer seeking a long-term passive income stream, 1 Heberles Road delivers on all fronts. With solid returns today and exciting upside for the future, this is a strategic acquisition in one of Victoria’s most beautiful and dynamic regional markets.
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