82 Ocean Reach, Cape Woolamai VIC 3925
This property is Off Market
- The Average property price in this area is $903,199, this is based on recent transactions.
- Internet speed Download 100 Mbps / Upload 40 Mbps
- Distance to the coast 0.41 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 Phillip Island
With an average age of 39, households expect an average monthly mortgage payment of $1,509 or a weekly rent payment of $340. The average family earns a weekly income of $2,131 with a typical household size of 2.6 and a 98.63% employment rate.
Consistent high demand relative to supply is a key feature in Cape Woolamai 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 Cape Woolamai 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 Cape Woolamai 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. Medium density in Cape Woolamai necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in Cape Woolamai 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
Somerville
Tankerton Jetty
General Points of Interest
Chocolate Factory
Churchill Island Heritage Farm
Koala Conservation Centre
Phillip Island Adventure Resort
Churchill Island Heritage Farm
The Big Wave
Bruce the Koala
Rhyll Yacht Club
The Pinnacles
Koala Conservation Centre
Population
(Country of Birth not stated 5%)
Are people healthy?
There are a recorded 1625 asthma sufferers and 718 people living with diabetes. In addition, 801 people have a heart/vascular condition and 1541 people live with three or more chronic diseases.A good place to invest in property?
Phillip Island 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
35 / 100
52 / 100
Industry
01 / 100
17 / 100
Population
27 / 100
32 / 100
House Prices
85 / 100
70 / 100
Jobs
24 / 100
34 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
-
School CatchmentsNewhaven Primary School
-
Our Lady Star of the Sea Catholic Primary School
Cowes, VIC, 3922 Independent Prep-6 -
Phillip Island Village School
Ventnor, VIC, 3922 Independent Prep-5 -
Perseverance Primary School
French Island, VIC, 3921 State 3-6 -
Cowes Primary School
Cowes, VIC, 3922 State Prep-6 -
San Remo Primary School
San Remo, VIC, 3925 State Prep-6
Property Story
82 Ocean Reach, Cape Woolamai, Vic, 3925 is a residential property with 3 bedrooms, 2 bathrooms and 4 Parking spaces. The estimated value of this home is $1,040,000 while properties of this type typically sell for between $565,000 and $1,100,000 in this suburb. The estimated distance to the sea is only 0.41km and 0.16KM 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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