This property is Off Market
With an average age of 53, households expect an average monthly mortgage payment of $1,200 or a weekly rent payment of $340. The average family earns a weekly income of $1,421 with a typical household size of 2 and a 89.32% 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.
(Country of Birth not stated 8%)
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Investability - Housing Demand
Victoria State average 44 / 100
35 / 100
52 / 100
01 / 100
17 / 100
27 / 100
32 / 100
85 / 100
70 / 100
24 / 100
34 / 100
Incidents Trend State Average
Newhaven Primary SchoolNewhaven, VIC, 3925 State Prep-6
Phillip Island Village SchoolVentnor, VIC, 3922 Independent Prep-5
Crib Point Primary SchoolCrib Point, VIC, 3919 State Prep-6
Somers Primary SchoolSomers, VIC, 3927 State Prep-6
Balnarring Primary SchoolBalnarring, VIC, 3926 State Prep-6
Perseverance Primary SchoolFrench Island, VIC, 3921 State 3-6
Our Lady Star of the Sea Catholic Primary SchoolCowes, VIC, 3922 Independent Prep-6
Cowes Primary SchoolCowes, VIC, 3922 State Prep-6
St Joseph's SchoolCrib Point, VIC, 3919 Independent Prep-6
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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.