This property is Off Market
With an average age of 43, households expect an average monthly mortgage payment of $2,000 or a weekly rent payment of $411. The average family earns a weekly income of $2,304 with a typical household size of 2.6 and a 96.63% employment rate.
Consistent high demand relative to supply is a key feature in Mount Dandenong driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Mount Dandenong ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Mount Dandenong provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Mount Dandenong 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 Mount Dandenong 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 Mount Dandenong a better buying opportunity than it may have been in the past.
(Country of Birth not stated 3%)
Mount Dandenong - Olinda 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
61 / 100
52 / 100
Industry
14 / 100
17 / 100
Population
38 / 100
32 / 100
House Prices
85 / 100
70 / 100
Jobs
38 / 100
34 / 100
Incidents Trend State Average
Olinda Primary School
Olinda, VIC, 3788 State Prep-5
Sherbrooke Community School
Sassafras, VIC, 3787 State Prep-12
Mount Dandenong Primary School
Mount Dandenong, VIC, 3767 State Prep-6
St Bernadette's Catholic Primary School
The Basin, VIC, 3154 Independent Prep-6
Billanook Primary School
Montrose, VIC, 3765 State Prep-6
Ghilgai School
Kilsyth, VIC, 3137 Independent Prep-6
Sassafras Primary School
Sassafras, VIC, 3787 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