Thinking about buying in Durham Lead? Now could not be a better time, with just 207 residential dwellings it's a highly sought after location.
The average property price for this area is $999,000 with prices in this suburb ranging from $550,000 to $1,565,000.Distance to the coast is 56 Km.
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in Durham Lead are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Durham Lead provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Durham Lead to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Durham Lead the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
|Median Weekly Rent||$|
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|Average Properties Within 50M|
|10 WINDARRA LANE, DURHAM LEAD, VIC, 3352||4||2||4||$1,675,000 - $1,775,000|
None within suburb boundary(While the above schools are located with the suburb of Durham Lead 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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