Thinking about buying in Lower Plenty? Now could not be a better time, with a whopping 1972 properties either residential or commercial there's certainly plenty to choose from.
The average property price for this area is $1,369,000 with prices in this suburb ranging from $340,000 to $3,240,000.Distance to the coast is 15 Km.
Consistent high demand relative to supply is a key feature in Lower Plenty driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Lower Plenty ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Lower Plenty classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Lower Plenty 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||$526.86|
|Median Monthly Mortgage||$2363.86|
|Median Persons Per Bedroom||0.63|
|Average Household Size||2.43|
|Average Cars Per Dwelling||3.29|
|Average Properties Within 50M||13.00|
|9 TYALLA CL, LOWER PLENTY, VIC, 3093||4||2||3||$1.525m - $1.625m|
|17 ROSEHILL RD, LOWER PLENTY, VIC, 3093||4||3||2||$1.88m|
|212 MAIN RD, LOWER PLENTY, VIC, 3093||3||2||2||Private Sale $880,000|
Lower Plenty Primary School(While the above schools are located with the suburb of Lower Plenty 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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