This property is Off Market
With an average age of 30, households expect an average monthly mortgage payment of $1,517 or a weekly rent payment of $330. The average family earns a weekly income of $1,638 with a typical household size of 3 and a 93.49% employment rate.
Consistent high demand relative to supply is a key feature in Harkness driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Harkness 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 Harkness 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 Harkness 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 Harkness 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 Harkness a better buying opportunity than it may have been in the past.
(Country of Birth not stated 8%)
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Investability - Housing Demand
Victoria State average 44 / 100
Income
44 / 100
52 / 100
Industry
13 / 100
17 / 100
Population
33 / 100
32 / 100
House Prices
85 / 100
70 / 100
Jobs
34 / 100
34 / 100
Incidents Trend State Average
Arnolds Creek Primary School
Melton West, VIC, 3337 State Prep-6
Catholic Regional College Melton
Melton West, VIC, 3337 Independent 7-12
Melton West Primary School
Melton, VIC, 3337 State Prep-6
Kurunjang Primary School
Melton, VIC, 3337 State Prep-6
Melton Secondary College
Melton, VIC, 3337 State 7-12
Wedge Park Primary School
Melton West, VIC, 3337 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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