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 Addington due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Addington provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Addington 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 Addington 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.
|8 LANGI KAL KAL RD, ADDINGTON, VIC, 3352||3||1||4||$395,000 - $434,000|
|1840 SUNRAYSIA HWY, ADDINGTON, VIC, 3352||2||1||$520,000 - $560,000|
None within suburb boundary(While the above schools are located with the suburb of Addington 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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