This property is Off Market
With an average age of 58, households expect an average monthly mortgage payment of $2,300 or a weekly rent payment of $401. The average family earns a weekly income of $2,536 with a typical household size of 2.4 and a 100.0% 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 Red Hill 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 Red Hill 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 Red Hill 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 Red Hill 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 6%)
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Investability - Housing Demand
Victoria State average 44 / 100
Income
59 / 100
52 / 100
Industry
07 / 100
17 / 100
Population
14 / 100
32 / 100
House Prices
75 / 100
70 / 100
Jobs
28 / 100
34 / 100
Incidents Trend State Average
Rosebud Secondary College
Rosebud, VIC, 3939 State 7-12
Eastbourne Primary School
Rosebud, VIC, 3939 State Prep-6
Our Lady of Fatima School
Rosebud, VIC, 3939 Independent Prep-6
Advance College of Education Incorporated
Rosebud West, VIC, 3940 Independent 11-12
Dromana Primary School
Dromana, VIC, 3936 State Prep-6
Rosebud Primary School
Rosebud, VIC, 3939 State Prep-6
Dromana Secondary College
Dromana, VIC, 3936 State 7-12
Mount Martha Primary School
Mount Martha, VIC, 3934 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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