This property is Off Market
With an average age of 51, households expect an average monthly mortgage payment of $1,497 or a weekly rent payment of $220. The average family earns a weekly income of $2,042 with a typical household size of 2.4 and a 94.27% employment rate.
Consistent high demand relative to supply is a key feature in Mount Dryden driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. 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 Mount Dryden due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Mount Dryden leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Lower than average population density constrains growth in Mount Dryden to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Mount Dryden 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 12%)
Stawell 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
37 / 100
52 / 100
Industry
02 / 100
17 / 100
Population
20 / 100
32 / 100
House Prices
85 / 100
70 / 100
Jobs
15 / 100
34 / 100
Incidents Trend State Average
Stawell Secondary College
Stawell, VIC, 3380 State 7-12
Stawell West Primary School
Stawell, VIC, 3380 State Prep-6
Concongella Primary School
Concongella, VIC, 3384 State Prep-6
Skene Street School Stawell
Stawell, VIC, 3380 State U
Laharum Primary School
Laharum, VIC, 3401 State 4-6
Pomonal Primary School
Pomonal, VIC, 3381 State Prep-6
Great Western Primary School
Great Western, VIC, 3374 State Prep-6
Stawell Primary School
Stawell, VIC, 3380 State Prep-6
St Patrick's School
Stawell, VIC, 3380 Independent Prep-6
Halls Gap Primary School
Halls Gap, VIC, 3381 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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