This property is Off Market
With an average age of 53, households expect an average monthly mortgage payment of $1,235 or a weekly rent payment of $220. The average family earns a weekly income of $1,792 with a typical household size of 2.3 and a 86.89% employment rate.
Consistent high demand relative to supply is a key feature in Orrvale 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 Orrvale due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Orrvale changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Orrvale to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Orrvale 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 Orrvale a better buying opportunity than it may have been in the past.
(Country of Birth not stated 8%)
Shepparton - South 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
39 / 100
52 / 100
Industry
15 / 100
17 / 100
Population
19 / 100
32 / 100
House Prices
85 / 100
70 / 100
Jobs
25 / 100
34 / 100
Incidents Trend State Average
Wilmot Road Primary School Shepparton
Shepparton, VIC, 3630 State Prep-6
Shepparton East Primary School
Shepparton East, VIC, 3631 State Prep-6
St Georges Road Primary School Shepparton
Shepparton, VIC, 3630 State Prep-11
Verney Road School
Shepparton, VIC, 3632 State U
Shepparton ACE Secondary College
Shepparton, VIC, 3630 Independent 7-12
Orrvale Primary School
Orrvale, VIC, 3631 State Prep-6
Lemnos Primary School
Lemnos, VIC, 3631 State Prep-6
St Mel's School
Shepparton, VIC, 3630 Independent 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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