This property is Off Market
With an average age of 46, households expect an average monthly mortgage payment of $2,000 or a weekly rent payment of $300. The average family earns a weekly income of $2,100 with a typical household size of 2.9 and a 96.57% employment rate.
Consistent high demand relative to supply is a key feature in Toolern Vale driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. 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 Toolern Vale 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 Toolern Vale 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 Toolern Vale 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 Toolern Vale 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.
(Country of Birth not stated 4%)
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Investability - Housing Demand
Victoria State average 44 / 100
Income
39 / 100
52 / 100
Industry
09 / 100
17 / 100
Population
36 / 100
32 / 100
House Prices
85 / 100
70 / 100
Jobs
31 / 100
34 / 100
Incidents Trend State Average
St Catherine of Siena School
Melton West, VIC, 3337 Independent Prep-6
Kurunjang Primary School
Melton, VIC, 3337 State Prep-6
Wedge Park Primary School
Melton West, VIC, 3337 State Prep-6
Toolern Vale and District Primary School
Toolern Vale, VIC, 3337 State Prep-6
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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