This property is Off Market
With an average age of 39, households expect an average monthly mortgage payment of $1,842 or a weekly rent payment of $373. The average family earns a weekly income of $1,720 with a typical household size of 2.5 and a 92.52% employment rate.
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Fawkner due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Fawkner provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. Lower than average industry presence in Fawkner we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Fawkner a better buying opportunity than it may have been in the past.
(Country of Birth not stated 7%)
Fawkner a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
Victoria State average 44 / 100
Income
39 / 100
52 / 100
Industry
14 / 100
17 / 100
Population
03 / 100
32 / 100
House Prices
75 / 100
70 / 100
Jobs
28 / 100
34 / 100
Incidents Trend State Average
St Mark's School
Fawkner, VIC, 3060 Independent Prep-6
St Thomas More's School
Hadfield, VIC, 3046 Independent Prep-6
Fawkner Primary School
Fawkner, VIC, 3060 State Prep-6
Moomba Park Primary School
Fawkner, VIC, 3060 State Prep-6
St Joseph the Worker School
Reservoir, VIC, 3073 Independent Prep-6
Darul Ulum College of Victoria
Fawkner, VIC, 3060 Independent Prep-12
St Matthew's School
Fawkner, VIC, 3060 Independent Prep-6
John Fawkner Secondary College
Fawkner, VIC, 3060 State 7-12
Belle Vue Park Primary School
Glenroy, VIC, 3046 State Prep-6
To see the latest development applications
Join usAlready have an account? Sign in
134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz 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 Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
The new way of conveyancing from Australia’s leading conveyancer - Smart, simple and secure