The Pines, 1249 WELLS ROAD Melbergen NSW 2669
This property is Off Market
- Last sold 1/23/2020 for $1,099,350. The Average property price in this area is $1,307,022, this is based on recent transactions.
- Internet speed Download 25 Mbps / Upload 5 Mbps
- Distance to the coast 440.51 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Potential Land Contamination risk
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
- 2/25/2021 658 HOLDENS RD $5,000,000
- 1/23/2020 448 HOLDENS RD $520,650
- 6/16/2014 1717 MERUNGI RD $2,048,015
About Griffith Region
With an average age of 35, households expect an average monthly mortgage payment of $490 or a weekly rent payment of $135. The average family earns a weekly income of $1,968 with a typical household size of 2.7 and a 97.47% employment rate.
In Melbergen 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. Low average incomes in Melbergen is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Melbergen 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. 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 Melbergen 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.
Population
(Country of Birth not stated 10%)
Are people healthy?
There are a recorded 1739 asthma sufferers and 811 people living with diabetes. In addition, 693 people have a heart/vascular condition and 1214 people live with three or more chronic diseases.A good place to invest in property?
Griffith Region a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
19 / 100
31 / 100
Industry
09 / 100
22 / 100
Population
12 / 100
19 / 100
House Prices
26 / 100
60 / 100
Jobs
18 / 100
29 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsRankins Springs PS
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Hillston Central School
Hillston, NSW, 2675 State K-12 -
Lake Wyangan Public School
Lake Wyangan, NSW, 2680 State K-6 -
Beelbangera Public School
Beelbangera, NSW, 2680 State K-6 -
Naradhan Public School
Naradhan, NSW, 2669 State K-6 -
Tharbogang Public School
Tharbogang, NSW, 2680 State K-6 -
Griffith North Public School
Griffith, NSW, 2680 State K-6 -
Goolgowi Public School
Goolgowi, NSW, 2652 State K-6 -
St Patrick's Primary School
Griffith, NSW, 2680 Independent K-6
Property Story
The Pines, 1249 Wells Road, Melbergen, Nsw, 2669 is a residential property . The estimated distance to the sea is 440.51km and at least 1.01KM to vegatation considered to be a factor in bushfire risk.Local Developments
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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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