This property is Off Market
With an average age of 39, households expect an average monthly mortgage payment of $1,951 or a weekly rent payment of $353. The average family earns a weekly income of $2,696 with a typical household size of 2.8 and a 93.79% employment rate.
Consistent high demand relative to supply is a key feature in Upwey driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Upwey ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Upwey provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Upwey requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Upwey 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 Upwey a better buying opportunity than it may have been in the past.
Upwey - Tecoma 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
64 / 100
52 / 100
Industry
14 / 100
17 / 100
Population
42 / 100
32 / 100
House Prices
100 / 100
70 / 100
Jobs
37 / 100
34 / 100
Incidents Trend State Average
Upwey Primary School
Upwey, VIC, 3158 State Prep-6
Upwey High School
Upwey, VIC, 3158 State 7-12
Upwey South Primary School
Upwey, VIC, 3158 State Prep-6
Tecoma Primary School
Tecoma, VIC, 3160 State Prep-6
Belgrave Heights Christian School
Belgrave Heights, VIC, 3160 Independent Prep-12
Ferny Creek Primary School
Ferny Creek, VIC, 3786 State Prep-6
Selby Primary School
Selby, VIC, 3159 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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