Thinking about buying in Derrimut? Now could not be a better time, with a whopping 3759 properties either residential or commercial there's certainly plenty to choose from.
The average property price for this area is $569,000 with prices in this suburb ranging from $346,000 to $886,000.Distance to the coast is 6 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. Incomes in Derrimut are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Derrimut provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Derrimut requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
|Median Weekly Rent||$359.00|
|Median Monthly Mortgage||$1796.25|
|Median Persons Per Bedroom||0.94|
|Average Household Size||3.50|
|Average Cars Per Dwelling||2.93|
|Average Properties Within 50M||11.00|
|13 HAMMERWOOD AV, DERRIMUT, VIC, 3026||3||2||2||CONTACT AGENT|
Derrimut Primary School
St Lawrence Catholic Primary School(While the above schools are located with the suburb of Derrimut 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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Hybrid Fibre Coaxial (HFC)
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