43 School Road, Erica VIC 3825
This property is Off Market
- The Average property price in this area is $775,789, this is based on recent transactions.
- Internet speed Download 50 Mbps / Upload 20 Mbps
- Distance to the coast 77.98 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Potential Land Contamination risk
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
About Mount Baw Baw Region
With an average age of 54, households expect an average monthly mortgage payment of $1,092 or a weekly rent payment of $200. The average family earns a weekly income of $1,483 with a typical household size of 2.1 and a 97.5% employment rate.
Consistent high demand relative to supply is a key feature in Erica 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 Erica due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Erica provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Erica 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 Erica 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.
Public Transport
Moe
General Points of Interest
Walhalla War Memorial
Long Tunnel Extended Mine Entrance
Walhalla Post and Telegraph Office
Coppermine Hotel (replica)
Population
(Country of Birth not stated 7%)
Are people healthy?
There are a recorded 782 asthma sufferers and 283 people living with diabetes. In addition, 394 people have a heart/vascular condition and 817 people live with three or more chronic diseases.A good place to invest in property?
Mount Baw Baw Region 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
42 / 100
52 / 100
Industry
04 / 100
17 / 100
Population
22 / 100
32 / 100
House Prices
85 / 100
70 / 100
Jobs
27 / 100
34 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsLowanna College Rawson Primary School
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Tyers Primary School
Tyers, VIC, 3844 State Prep-6 -
Newborough East Primary School
Newborough, VIC, 3825 State Prep-6 -
Rawson Primary School
Rawson, VIC, 3825 State Prep-6 -
Toongabbie Primary School
Toongabbie, VIC, 3856 State Prep-6 -
Yallourn North Primary School
Yallourn North, VIC, 3825 State Prep-6 -
Willow Grove Primary School
Willow Grove, VIC, 3825 State Prep-6 -
Tanjil South Primary School
Tanjil South, VIC, 3825 State Prep-6
Property Story
43 School Road, Erica, Vic, 3825 is a residential property with 3 bedrooms, 1 bathrooms and 1 Parking spaces. The estimated value of this home is $400,000 while properties of this type typically sell for between $355,000 and $355,000 in this suburb. The estimated distance to the sea is 77.98km and 0.09KM to vegatation considered to be a factor in bushfire risk.Local Developments
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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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