5 The Bower , Metung VIC 3904
This property is Off Market
- The Average property price in this area is $563,322, this is based on recent transactions.
- Internet speed Download 50 Mbps / Upload 20 Mbps
- Distance to the coast 4.88 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 Lakes Entrance
With an average age of 58, households expect an average monthly mortgage payment of $1,300 or a weekly rent payment of $340. The average family earns a weekly income of $1,442 with a typical household size of 2.2 and a 95.31% employment rate.
Consistent high demand relative to supply is a key feature in Metung 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 Metung 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 Metung 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 Metung 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 Metung 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
Bairnsdale
Raymond Island Ferry
General Points of Interest
Bioluminescence Algae
Raymond Island Primary School (1902-1912, 1914-1934)
Population
(Country of Birth not stated 5%)
Are people healthy?
There are a recorded 1501 asthma sufferers and 915 people living with diabetes. In addition, 819 people have a heart/vascular condition and 1764 people live with three or more chronic diseases.A good place to invest in property?
Lakes Entrance 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
34 / 100
52 / 100
Industry
06 / 100
17 / 100
Population
21 / 100
32 / 100
House Prices
85 / 100
70 / 100
Jobs
21 / 100
34 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsLakes Entrance Secondary College Metung Primary School
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Swan Reach Primary School
Swan Reach, VIC, 3903 State Prep-6 -
Lakes Entrance Secondary College
Lakes Entrance, VIC, 3909 State 7-12 -
Eagle Point Primary School
Eagle Point, VIC, 3878 State Prep-6 -
Nicholson Primary School
Nicholson, VIC, 3882 State Prep-6 -
Paynesville Primary School
Paynesville, VIC, 3880 State Prep-6 -
St Brendan's School
Lakes Entrance, VIC, 3909 Independent Prep-6 -
Tambo Upper Primary School
Tambo Upper, VIC, 3885 State Prep-6 -
Nungurner Primary School
Nungurner, VIC, 3909 State Prep-6 -
Metung Primary School
Metung, VIC, 3904 State Prep-6 -
Lakes Entrance Primary School
Lakes Entrance, VIC, 3909 State Prep-6
Property Story
5 The Bower , Metung, Vic, 3904 is a residential property with 3 bedrooms, 2 bathrooms and 5 Parking spaces. The estimated value of this home is $850,000 while properties of this type typically sell for between $395,000 and $2,000,000 in this suburb. The estimated distance to the sea is 4.88km and 0.08KM 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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