This property is Off Market
With an average age of 55, households expect an average monthly mortgage payment of $913 or a weekly rent payment of $143. The average family earns a weekly income of $1,180 with a typical household size of 2 and a 92.52% employment rate.
Consistent high demand relative to supply is a key feature in Landsborough West 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 Landsborough West 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 Landsborough West 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 Landsborough West 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 Landsborough West 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 19%)
Avoca 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
31 / 100
52 / 100
Industry
02 / 100
17 / 100
Population
14 / 100
32 / 100
House Prices
81 / 100
70 / 100
Jobs
22 / 100
34 / 100
Incidents Trend State Average
Concongella Primary School
Concongella, VIC, 3384 State Prep-6
Landsborough Primary School
Landsborough, VIC, 3384 State Prep-6
Great Western Primary School
Great Western, VIC, 3374 State Prep-6
Moonambel Primary School
Moonambel, VIC, 3478 State Prep-6
Stawell Secondary College
Stawell, VIC, 3380 State 7-12
Navarre Primary School
Navarre, VIC, 3384 State Prep-6
Skene Street School Stawell
Stawell, VIC, 3380 State U
St Patrick's School
Stawell, VIC, 3380 Independent Prep-6
Stawell Primary School
Stawell, VIC, 3380 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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