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UNIT 9, 137 SETTLEMENT ROAD, COWES, VIC, 3922

This property is Off Market


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  • Average property sold price $580,238

  • Internet speed Download 100 Mbps / Upload 40 Mbps
  • Distance to the coast 0.95 km
  • Potential bushfire risk 0 / 10
  • Report as to subsidence
  • Land Contamination risk is

About Phillip Island

With an average age of 50, households expect an average monthly mortgage payment of $1,625 or a weekly rent payment of $278. The average family earns a weekly income of $1,289 with a typical household size of 2.3 and a 93.15% employment rate.

Consistent high demand relative to supply is a key feature in Cowes driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. 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 Cowes 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 Cowes 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. Medium density in Cowes necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in Cowes 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

General Points of Interest


Population

(Country of Birth not stated 7%)

Are people healthy?

There are a recorded 1625 asthma sufferers and 718 people living with diabetes. In addition, 801 people have a heart/vascular condition and 1541 people live with three or more chronic diseases.

A good place to invest in property?

Phillip Island 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

Victoria State average 44 / 100

Income

35 / 100

52 / 100

Industry

01 / 100

17 / 100

Population

27 / 100

32 / 100

House Prices

85 / 100

70 / 100

Jobs

24 / 100

34 / 100


Local Crime Rates

Incidents Trend State Average


Local Schools

  • School Catchments
  • Cowes Primary School

    Cowes, VIC, 3922 State Prep-6

  • San Remo Primary School

    San Remo, VIC, 3925 State Prep-6

  • Our Lady Star of the Sea Catholic Primary School

    Cowes, VIC, 3922 Independent Prep-6

  • Crib Point Primary School

    Crib Point, VIC, 3919 State Prep-6

  • Phillip Island Village School

    Ventnor, VIC, 3922 Independent Prep-5

  • St Joseph's School

    Crib Point, VIC, 3919 Independent Prep-6

  • Perseverance Primary School

    French Island, VIC, 3921 State 3-6

  • Newhaven Primary School

    Newhaven, VIC, 3925 State Prep-6

  • Somers Primary School

    Somers, VIC, 3927 State Prep-6


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

Hey! I’m Kate.

Are you interested Off Market Properties? Residz can match you with Off Market Sellers and keep you up to date on the places most likely to list.

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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