Thinking about buying in Bunkers Hill? Now could not be a better time, with just 106 residential dwellings it's a highly sought after location.
The average property price for this area is $602,000 with prices in this suburb ranging from $602,000 to $602,000.Distance to the coast is 78 Km.
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. 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 Bunkers Hill 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 Bunkers Hill 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. Lower than average population density constrains growth in Bunkers Hill to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Bunkers Hill 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.
|Median Weekly Rent||$335.00|
|Median Monthly Mortgage||$1474.00|
|Median Persons Per Bedroom||0.80|
|Average Household Size||3.00|
|Average Cars Per Dwelling||3.42|
|Average Properties Within 50M||1.00|
|130 TRUNK LEAD RD, BUNKERS HILL, VIC, 3352||3||2||3||$790,000 - $830,000|
None within suburb boundary(While the above schools are located with the suburb of Bunkers Hill there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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