This property is Off Market
With an average age of 48, households expect an average monthly mortgage payment of $1,300 or a weekly rent payment of $337. The average family earns a weekly income of $1,431 with a typical household size of 2 and a 95.93% employment rate.
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Incomes in Bannockburn are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Bannockburn provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Bannockburn to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Bannockburn 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.
(Country of Birth not stated 9%)
Bannockburn 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
54 / 100
52 / 100
Industry
06 / 100
17 / 100
Population
19 / 100
32 / 100
House Prices
56 / 100
70 / 100
Jobs
28 / 100
34 / 100
Incidents Trend State Average
Geelong Baptist College
Lovely Banks, VIC, 3213 Independent Prep-12
Hamlyn Banks Primary School
Hamlyn Heights, VIC, 3215 State Prep-6
Kardinia International College
Bell Post Hill, VIC, 3215 Independent Prep-12
Bannockburn P-12 College
Bannockburn, VIC, 3331 State Prep-10
Teesdale Primary School
Teesdale, VIC, 3328 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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