Thinking about buying in Research? Now could not be a better time, with 1197 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,732,000 with prices in this suburb ranging from $712,000 to $5,050,000. The aproximate distance to the coast is 22 Km.
Median Weekly Rent | $468.50 |
Median Monthly Mortgage | $2404.25 |
Median Persons Per Bedroom | 0.80 |
Average Household Size | 3.00 |
Average Age | 43.92 |
Average Income | $1022.67 |
Average Cars Per Dwelling | 2.48 |
Average Properties Within 50M | 6 |
1 Bed  $1,794,000 |
2 Bed  $1,457,000 |
3 Bed  $1,470,000 |
4 Bed  $2,127,000 |
5 Bed  $2,439,000 |
6 Bed+$2,487,000 |
Consistent high demand relative to supply is a key feature in Research driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Research 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. A mix of professions and above average income earners in Research 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 Research to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Research we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Research a better buying opportunity than it may have been in the past.
11 TALWONG CT, RESEARCH, VIC, 3095 | 4 | 2 | 2 | 1700000 |
Eltham College
Research Primary School
Kangaroo Ground Primary School
Eltham North Primary School
Eltham East Primary School
Diamond Creek East Primary School
Diamond Valley College
Sacred Heart School
(While the above schools are located with the suburb of Research there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Nov | 1.7 | 11.1 | 23.4 | 40.6 | 94.7 | 3.2 | 21.6 |
Dec | 1.8 | 12.8 | 26.4 | 36.6 | 93 | 3.2 | 25.4 |
Jan | 1.7 | 14.8 | 28.8 | 35.9 | 91.9 | 3.2 | 23.6 |
Feb | 1.2 | 14.6 | 28.1 | 38.0 | 92.6 | 2.8 | 20.2 |
Mar | 1.4 | 12.8 | 24.8 | 41.7 | 93.5 | 2.6 | 14.8 |
Apr | 2.1 | 10.3 | 21.3 | 47.2 | 96.6 | 2.4 | 10.8 |
May | 1.7 | 8.4 | 17.5 | 54.5 | 95.5 | 2.8 | 7.6 |
Jun | 1.8 | 6.0 | 14.3 | 64.3 | 98.2 | 2.3 | 6.4 |
Jul | 1.4 | 6.4 | 14.2 | 61.1 | 97.3 | 2.9 | 7.4 |
Aug | 1.9 | 6.0 | 14.6 | 53.8 | 96.2 | 3.0 | 9.6 |
Sept | 1.6 | 7.8 | 18.1 | 45.8 | 95.4 | 3.1 | 14.1 |
Oct | 1.6 | 9.5 | 21.3 | 43.4 | 95 | 3.2 | 18.5 |
source: Australian Government Bureau of Meteorology
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