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408/5 Caravel Lane

Docklands, VIC 3008, Australia

2 bed 0 bath 1 car

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Photos via the original listing. All photographs remain the property of their respective owners.

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AI Valuation Estimate

$548,960 – $619,040

Based on recent comparable sales in Docklands

+6.2% suburb growth over 12 months

🏫

8.4/10

Schools

🚇

87/100

Walk Score

📈

+6.2%

Growth

🛡️

9.1/10

Safety

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Property Insights

Multi-dimensional analysis · last updated 06/05/2026

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Schools

7 nearby schools

Catchment: Docklands Primary School

Zoning

GRZ — General Residential Zone

Melbourne Planning Scheme

Public transport

Data unavailable

Traffic

Moderate congestion

Morning (7-9am) and evening (5-7pm) peak hours see increased congestion on Docklands Drive and Spencer Street as commuters travel to/from the CBD and West Gate Bridge. West Gate Bridge toll approaches experience significant delay during these periods.

Flood risk

High

Docklands is located in a high-risk flood zone due to its proximity to the Yarra River and Maribyrnong River, as well as its low-lying waterfront setting adjacent to Port Phillip Bay. The suburb is subject to VIC's Land Subject to Inundation Overlay (LSIO), which imposes strict planning controls on development. Historical flood events and tidal/storm surge risk make this area one of Melbourne's most flood-exposed localities.

Bushfire risk

None

Docklands is a dense, inner-city urban suburb of Melbourne located on the Yarra River waterfront with minimal bushland or vegetation. The suburb is not mapped within Victoria's Bushfire Management Overlay (BMO) or Bushfire Prone Area (BPA) and therefore carries no discernible bushfire risk to the property.

Crime profile

above average

Trend: stable

Nearby development

5 projects nearby

Docklands remains a major urban renewal precinct with sustained development activity focused on residential apartments, mixed-use precincts and waterfront activation. The area benefits from established transport connectivity, waterfront appeal and significant pipeline of approved projects. Development momentum reflects Melbourne's ongoing CBD fringe densification strategy.

Heritage

Heritage listed

Docklands is a former industrial and maritime precinct with substantial 19th and early 20th century heritage significance. The suburb features a conservation area protecting Victorian-era warehouses, wharves, and commercial buildings that define its character. Properties within the heritage overlay face restrictions on alterations and are subject to planning controls aimed at maintaining the precinct's industrial heritage aesthetic while enabling contemporary adaptive reuse.

Sources: Australian Gov open data + StMate AI

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