This property is Off Market
With an average age of 44, households expect an average monthly mortgage payment of $1,800 or a weekly rent payment of $485. The average family earns a weekly income of $1,976 with a typical household size of 2.9 and a 93.36% employment rate.
Consistent high demand relative to supply is a key feature in Romsey driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Romsey are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Romsey 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 Romsey necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in Romsey the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
(Country of Birth not stated 2%)
Romsey 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
56 / 100
52 / 100
Industry
09 / 100
17 / 100
Population
36 / 100
32 / 100
House Prices
85 / 100
70 / 100
Jobs
33 / 100
34 / 100
Incidents Trend State Average
Hesket Primary School
Hesket, VIC, 3442 State Prep-6
Romsey Primary School
Romsey, VIC, 3434 State Prep-6
Newham Primary School
Newham, VIC, 3442 State Prep-6
St Mary's School
Lancefield, VIC, 3435 Independent Prep-6
Lancefield Primary School
Lancefield, VIC, 3435 State Prep-6
Braemar College
Woodend, VIC, 3442 Independent 5-12
Mount Macedon Primary School
Mount Macedon, VIC, 3441 State Prep-6
Riddells Creek Primary School
Riddells Creek, VIC, 3431 State Prep-6
Bolinda Primary School
Bolinda, VIC, 3432 State Prep-6
Darraweit Guim Primary School
Darraweit Guim, VIC, 3756 State Prep-6
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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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