Thinking about buying in Scotchmans Lead? Now could not be a better time, with just 47 residential dwellings it's a highly sought after location.
The average property price for this area is $912,000 with prices in this suburb ranging from $461,000 to $1,610,000.
Distance to the coast is 64 Km.
|Median Weekly Rent||$340.00|
|Median Monthly Mortgage||$1519.00|
|Median Persons Per Bedroom||0.70|
|Average Household Size||3.00|
|Average Cars Per Dwelling||2.84|
|Average Properties Within 50M||1|
|3 Bed $813,000|
|4 Bed $877,000|
|5 Bed $992,000|
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. High average incomes in Scotchmans Lead 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. A mix of professions and above average income earners in Scotchmans Lead 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 Scotchmans Lead 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 Scotchmans 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.
Napoleons Primary School
Ballarat Steiner School(While the above schools are located with the suburb of Scotchmans 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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