Thinking about buying in Lucas? Now could not be a better time, with a whopping 3231 properties either residential or commercial there's certainly plenty to choose from.
The average property price for this area is $702,000 with prices in this suburb ranging from $172,000 to $1,271,000.Distance to the coast is 77 Km.
Consistent high demand relative to supply is a key feature in Lucas driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Lucas 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 Lucas 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 Lucas to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Lucas we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Lucas a better buying opportunity than it may have been in the past.
|Median Weekly Rent||$383.75|
|Median Monthly Mortgage||$1757.50|
|Median Persons Per Bedroom||0.78|
|Average Household Size||3.00|
|Average Cars Per Dwelling||1.90|
|Average Properties Within 50M||25|
|1 Bed $369,000|
|2 Bed $629,000|
|3 Bed $661,000|
|4 Bed $794,000|
|5 Bed $922,000|
|5 MELLISH ST, LUCAS, VIC, 3350||4||2||2||$850,000 - $900,000|
|21 CARBERY WAY, LUCAS, VIC, 3350||$365,000|
|16 GITSHAM ST, LUCAS, VIC, 3350||3||2||2||$569,999|
Siena Catholic Primary School
St Thomas More School
Alfredton Primary School(While the above schools are located with the suburb of Lucas 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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