Balook
VIC, 3971
-
Wellington
Thinking about buying in Balook? Now could not be a better time, with just 13 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $786,000 with prices in this suburb ranging from $603,000 to $847,000. The aproximate distance to the coast is 20 Km.
Household Makeup
| Median Weekly Rent | $225.00 |
| Median Monthly Mortgage | $1346.00 |
| Median Persons Per Bedroom | 0.70 |
| Average Household Size | 2.00 |
| Average Age | 49.00 |
| Average Income | $656.00 |
| Average Cars Per Dwelling | 2.37 |
| Average Properties Within 50M | 1 |
Housing Stock
Average Property Prices
| 1 Bed $846,000 |
| 2 Bed $846,000 |
| 3 Bed $602,000 |
| 6 Bed+$846,000 |
Balook Real Estate Market Outlook
In Balook 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. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Balook due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Balook 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. Lower than average population density constrains growth in Balook 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 Balook 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.
Local Schools
None within suburb boundary
(While the above schools are located with the suburb of Balook there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Balook weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 1.5 | 12.9 | 25.9 | 47.4 | 93.6 | 4.8 | 23.8 |
| Feb | 1.8 | 13.1 | 24.9 | 51.9 | 95.3 | 4.7 | 19.2 |
| Mar | 2.2 | 11.7 | 23.2 | 52.7 | 94.4 | 4.4 | 14.8 |
| Apr | 1.7 | 9.1 | 20.2 | 56.8 | 95.2 | 3.9 | 11.3 |
| May | 1.6 | 6.6 | 17.2 | 58.2 | 93.6 | 4.2 | 8.6 |
| Jun | 1.7 | 4.4 | 14.8 | 64.5 | 96.0 | 3.9 | 7.2 |
| Jul | 1.6 | 4.9 | 14.5 | 60.8 | 94.4 | 4.7 | 7.7 |
| Aug | 1.7 | 4.7 | 14.9 | 57.0 | 94.2 | 5.0 | 10.2 |
| Sept | 1.7 | 6.1 | 17.4 | 54.5 | 95.4 | 4.9 | 14.3 |
| Oct | 1.6 | 7.6 | 19.7 | 54.2 | 96.0 | 4.7 | 19.3 |
| Nov | 2.0 | 9.2 | 21.7 | 51.7 | 95.5 | 5.0 | 21.4 |
| Dec | 1.7 | 11.2 | 23.9 | 49.0 | 94.4 | 5.1 | 24.8 |
source: Australian Government Bureau of Meteorology
Internet Speed
Download 25 Mbps / Upload 5 MbpsNearby Suburbs
Public Transport
Moe - Greater then 10KM
Traralgon - Greater then 10KM
Rosedale - Greater then 10KM
Morwell - Greater then 10KM
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