This property is Off Market
With an average age of 43, households expect an average monthly mortgage payment of $2,500 or a weekly rent payment of $660. The average family earns a weekly income of $3,173 with a typical household size of 3.1 and a 99.59% employment rate.
Consistent high demand relative to supply is a key feature in Mount Eliza driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Mount Eliza 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. The high percentage of professional people in Mount Eliza classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Mount Eliza 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. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
(Country of Birth not stated 1%)
Mount Eliza 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
74 / 100
52 / 100
Industry
25 / 100
17 / 100
Population
44 / 100
32 / 100
House Prices
85 / 100
70 / 100
Jobs
50 / 100
34 / 100
Incidents Trend State Average
Mount Eliza Secondary College
Mount Eliza, VIC, 3930 State 7-12
Peninsula Grammar
Mount Eliza, VIC, 3930 Independent Prep-12
St Thomas More's School
Mount Eliza, VIC, 3930 Independent Prep-6
Mount Eliza Primary School
Mount Eliza, VIC, 3930 State Prep-6
Toorak College
Mount Eliza, VIC, 3930 Independent Prep-12
Mount Eliza North Primary School
Mount Eliza, VIC, 3930 State Prep-6
Derinya Primary School
Frankston South, VIC, 3199 State Prep-6
Padua College
Mornington, VIC, 3931 Independent 7-12
St Macartan's School
Mornington, VIC, 3931 Independent Prep-6
Kunyung Primary School
Mount Eliza, VIC, 3930 State Prep-6
To see the latest development applications
Join usAlready have an account? Sign in
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.
The new way of conveyancing from Australia’s leading conveyancer - Smart, simple and secure