Unit 1211,
LEVEL 12 105 BATMAN STREET West Melbourne VIC 3003

About North Melbourne

With an average age of 28, households expect an average monthly mortgage payment of $1,800 or a weekly rent payment of $381. The average family earns a weekly income of $1,962 with a typical household size of 1.7 and a 92.14% employment rate.

In West Melbourne 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 West Melbourne 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 West Melbourne 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 West Melbourne 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.

Public Transport

Stop D10: NewQuay Promenade Stop D10: NewQuay Promenade Stop D11: The District Stop D11: The District Stop D2: Central Pier Stop D2: Central Pier North Melbourne Victoria Harbour Ferry Berths Macaulay Kensington

General Points of Interest

Hall's Taekwondo Centre Trinity College Como Centre Admiral Creswell Memorial Melbourne Cricket Ground Olympia Gymnasium Centenary Bridge Pillar Altona Badminton Centre Sunshine Marketplace Flemington Grandstand

Population

(Country of Birth not stated 3%)

Are people healthy?

Local Crime Rates

Incidents Trend State Average

Local Schools

• School Catchments

  University High School North Melbourne Primary School

• Ozford College

  Melbourne, VIC, 3000 Independent 10-12

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• St Michael's School

  North Melbourne, VIC, 3051 Independent Prep-6

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• South Melbourne Primary School

  South Melbourne, VIC, 3205 State Prep-6

  NAPLAN

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• River Nile School

  North Melbourne, VIC, 3051 Independent 11-12

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• University High School

  Parkville, VIC, 3052 State 7-12

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• North Melbourne Primary School

  North Melbourne, VIC, 3051 State Prep-6

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• Montague Continuing Education Centre

  South Melbourne, VIC, 3205 State U

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• Simonds Catholic College

  West Melbourne, VIC, 3003 Independent 7-12

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• Carlton Gardens Primary School

  Carlton, VIC, 3053 State Prep-6

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• St Joseph's Flexible Learning Centre

  North Melbourne, VIC, 3051 Independent 7-12

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Property Story

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