Thinking about buying in Silvan? Now could not be a better time, with 753 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,440,000 with prices in this suburb ranging from $506,000 to $4,073,000. The aproximate distance to the coast is 31 Km.
Median Weekly Rent | $356.67 |
Median Monthly Mortgage | $2046.00 |
Median Persons Per Bedroom | 0.83 |
Average Household Size | 3.00 |
Average Age | 42.00 |
Average Income | $837.00 |
Average Cars Per Dwelling | 2.47 |
Average Properties Within 50M | 4 |
1 Bed  $1,128,000 |
2 Bed  $840,000 |
3 Bed  $1,238,000 |
4 Bed  $1,595,000 |
5 Bed  $2,017,000 |
6 Bed+$1,783,000 |
Consistent high demand relative to supply is a key feature in Silvan driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Silvan 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 Silvan provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Silvan 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.
21-23 PARKER RD, SILVAN, VIC, 3795 | 8 | 2 | 4 | For Sale $1,900,000 - $2,090,000 | |
173 MONBULK-SEVILLE RD, SILVAN, VIC, 3795 | 4 | 3 | 8 | For Sale $1,290,000 - $1,395,000 |
Silvan Primary School
Mountain District Christian School
St Paul's School
Monbulk Primary School
Wandin Yallock Primary School
Olinda Primary School
(While the above schools are located with the suburb of Silvan 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 | 2.1 | 13.1 | 24.6 | 43.5 | 90.7 | 1.8 | 23.4 |
Feb | 2.4 | 13.1 | 24.1 | 44.7 | 90.3 | 1.7 | 19.7 |
Mar | 2.7 | 12.1 | 21.2 | 50.5 | 90.7 | 1.6 | 14.6 |
Apr | 4.0 | 9.8 | 16.7 | 59.8 | 91.8 | 1.4 | 10.9 |
May | 4.3 | 7.7 | 12.8 | 67.1 | 92.3 | 1.5 | 7.1 |
Jun | 3.6 | 5.8 | 10.4 | 72.4 | 94.3 | 1.5 | 6.5 |
Jul | 3.7 | 5.2 | 9.7 | 71.5 | 94.2 | 1.9 | 6.7 |
Aug | 4.1 | 5.0 | 10.6 | 64.9 | 93.7 | 1.8 | 9.0 |
Sept | 3.3 | 6.8 | 13.9 | 57.2 | 92.5 | 1.7 | 13.4 |
Oct | 3.3 | 8.6 | 17.6 | 51.9 | 91.9 | 1.7 | 17.7 |
Nov | 4.1 | 9.7 | 19.5 | 48.7 | 94.0 | 1.6 | 21.0 |
Dec | 2.1 | 11.6 | 22.6 | 46.4 | 91.4 | 1.6 | 24.5 |
source: Australian Government Bureau of Meteorology
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