This property is Off Market
With an average age of 40, households expect an average monthly mortgage payment of $2,167 or a weekly rent payment of $375. The average family earns a weekly income of $2,517 with a typical household size of 2.6 and a 95.49% 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. Incomes in Upper Ferntree Gully are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Upper Ferntree Gully classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Upper Ferntree Gully necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Upper Ferntree Gully 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 Upper Ferntree Gully a better buying opportunity than it may have been in the past.
(Country of Birth not stated 2%)
Upwey - Tecoma 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
64 / 100
52 / 100
Industry
14 / 100
17 / 100
Population
42 / 100
32 / 100
House Prices
100 / 100
70 / 100
Jobs
37 / 100
34 / 100
Incidents Trend State Average
Belgrave Heights Christian School
Belgrave Heights, VIC, 3160 Independent Prep-12
Tecoma Primary School
Tecoma, VIC, 3160 State Prep-6
St John the Baptist School
Ferntree Gully, VIC, 3156 Independent Prep-6
Upper Ferntree Gully Primary School
Upper Ferntree Gully, VIC, 3156 State Prep-6
Upwey South Primary School
Upwey, VIC, 3158 State Prep-6
St Thomas More's School
Belgrave, VIC, 3160 Independent Prep-6
Upwey Primary School
Upwey, VIC, 3158 State Prep-6
Upwey High School
Upwey, VIC, 3158 State 7-12
Ferny Creek Primary School
Ferny Creek, VIC, 3786 State Prep-6
St Joseph's College
Ferntree Gully, VIC, 3156 Independent 7-12
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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.
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