This property is Off Market
With an average age of 41, households expect an average monthly mortgage payment of $1,900 or a weekly rent payment of $400. The average family earns a weekly income of $1,989 with a typical household size of 2.5 and a 97.14% employment rate.
Consistent high demand relative to supply is a key feature in Monbulk driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Monbulk 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 Monbulk provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Monbulk 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 1%)
Monbulk - Silvan 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
51 / 100
52 / 100
Industry
05 / 100
17 / 100
Population
12 / 100
32 / 100
House Prices
85 / 100
70 / 100
Jobs
27 / 100
34 / 100
Incidents Trend State Average
Kallista Primary School
Kallista, VIC, 3791 State Prep-6
Sherbrooke Community School
Sassafras, VIC, 3787 State Prep-12
Monbulk Primary School
Monbulk, VIC, 3793 State Prep-6
Sassafras Primary School
Sassafras, VIC, 3787 State Prep-6
St Paul's School
Monbulk, VIC, 3793 Independent Prep-6
Olinda Primary School
Olinda, VIC, 3788 State Prep-5
Menzies Creek Primary School
Menzies Creek, VIC, 3159 State Prep-6
The Patch Primary School
The Patch, VIC, 3792 State Prep-6
Monbulk College
Monbulk, VIC, 3793 State 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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