Unit 507, LEVEL 5 393 SPENCER STREET West Melbourne VIC 3003
This property is Off Market
- The Average property price in this area is $1,066,740, this is based on recent transactions.
- Internet speed Download 100 Mbps / Upload 40 Mbps
- Distance to the coast 0.73 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 North Melbourne
With an average age of 28, households expect an average monthly mortgage payment of $1,800 or a weekly rent payment of $381. The average family earns a weekly income of $1,962 with a typical household size of 1.7 and a 92.14% employment rate.
In West Melbourne there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in West Melbourne is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in West Melbourne 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. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in West Melbourne 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
Stop D10: NewQuay Promenade
Stop D10: NewQuay Promenade
Stop D11: The District
Stop D11: The District
Stop D2: Central Pier
Stop D2: Central Pier
North Melbourne
Victoria Harbour Ferry Berths
Macaulay
Kensington
General Points of Interest
Hall's Taekwondo Centre
Trinity College
Como Centre
Admiral Creswell Memorial
Melbourne Cricket Ground
Olympia Gymnasium
Centenary Bridge Pillar
Altona Badminton Centre
Sunshine Marketplace
Flemington Grandstand
Population
(Country of Birth not stated 3%)
Are people healthy?
There are a recorded 1757 asthma sufferers and 684 people living with diabetes. In addition, 488 people have a heart/vascular condition and 1275 people live with three or more chronic diseases.A good place to invest in property?
North Melbourne 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
66 / 100
52 / 100
Industry
52 / 100
17 / 100
Population
52 / 100
32 / 100
House Prices
85 / 100
70 / 100
Jobs
55 / 100
34 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
-
School CatchmentsNorth Melbourne Primary School University High School
-
North Melbourne Primary School
North Melbourne, VIC, 3051 State Prep-6
Property Story
Unit 507, Level 5, 393 Spencer Street, West Melbourne, Vic, 3003 is a residential property . The estimated distance to the sea is only 0.73km and 0.66KM to vegatation considered to be a factor in bushfire risk.Local Developments
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.
Report this property
The new way of conveyancing from Australia’s leading conveyancer - Smart, simple and secure
