Thinking about buying in Edgecombe? Now could not be a better time, with just 50 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,399,000 with prices in this suburb ranging from $288,000 to $2,468,000. The aproximate distance to the coast is 77 Km.
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Consistent high demand relative to supply is a key feature in Edgecombe driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Edgecombe 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 Edgecombe provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Edgecombe necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in Edgecombe 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.
210 redhill rd, edgecombe, vic, 3444 | 3 | 2 | 4 | $1,400,000 - $1,540,000 |
Langley Primary School
(While the above schools are located with the suburb of Edgecombe 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 | |
---|---|---|---|---|---|---|---|
Jan | 1.4 | 12.7 | 30.6 | 25.1 | 81.8 | 4.3 | 27.8 |
Feb | 1.3 | 13.4 | 29.9 | 28.1 | 82.7 | 3.9 | 23.5 |
Mar | 2.0 | 11.6 | 26.6 | 34.3 | 87.3 | 3.5 | 18.3 |
Apr | 0.9 | 7.8 | 21.6 | 42.2 | 91.5 | 3.0 | 13.8 |
May | 1.5 | 4.5 | 16.3 | 54.8 | 96.2 | 2.8 | 9.8 |
Jun | 4.9 | 3.4 | 13.3 | 65.8 | 98.0 | 2.5 | 7.9 |
Jul | 2.1 | 3.2 | 12.2 | 67.4 | 97.4 | 2.6 | 7.3 |
Aug | 1.6 | 3 | 13.8 | 57.5 | 95.5 | 3.0 | 10.9 |
Sept | 1.4 | 3.6 | 17.4 | 47.4 | 95.6 | 3.0 | 15.6 |
Oct | 1.6 | 5.8 | 20.7 | 42.5 | 93.9 | 3.3 | 21.9 |
Nov | 1.9 | 8.5 | 24.5 | 35.5 | 91.7 | 3.5 | 24.6 |
Dec | 1.0 | 11.2 | 28.8 | 26.6 | 82.9 | 3.7 | 28.7 |
source: Australian Government Bureau of Meteorology
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