This property is Off Market
With an average age of 41, households expect an average monthly mortgage payment of $2,978 or a weekly rent payment of $504. The average family earns a weekly income of $2,774 with a typical household size of 2.7 and a 97.13% employment rate.
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in Glen Iris 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 Glen Iris 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 Glen Iris 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. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
(Country of Birth not stated 1%)
Glen Iris - East 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
91 / 100
52 / 100
Industry
42 / 100
17 / 100
Population
46 / 100
32 / 100
House Prices
75 / 100
70 / 100
Jobs
57 / 100
34 / 100
Incidents Trend State Average
Ashburton Primary School
Ashburton, VIC, 3147 State Prep-6
St Michael's School
Ashburton, VIC, 3147 Independent Prep-6
Ashwood High School
Ashwood, VIC, 3147 State 7-12
Presbyterian Ladies' College
Burwood, VIC, 3125 Independent Prep-12
Parkhill Primary School
Ashwood, VIC, 3147 State Prep-6
Ashwood School
Ashwood, VIC, 3147 State U
St Dominic's School
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Wattle Park Primary School
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Hartwell Primary School
Camberwell, VIC, 3124 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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