This property is Off Market
With an average age of 50, households expect an average monthly mortgage payment of $1,733 or a weekly rent payment of $320. The average family earns a weekly income of $2,017 with a typical household size of 2.3 and a 92.09% employment rate.
Consistent high demand relative to supply is a key feature in Mount Richon driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Mount Richon are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. Low average earnings from people in Mount Richon leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Medium density in Mount Richon necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
(Country of Birth not stated 0%)
Mount Nasura - Mount Richon - Bedfordale a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
Western Australia State average 54 / 100
Income
57 / 100
55 / 100
Industry
40 / 100
48 / 100
Population
35 / 100
35 / 100
House Prices
81 / 100
62 / 100
Jobs
11 / 100
17 / 100
Incidents Trend State Average
Armadale Education Support Centre
Armadale, WA, 6112 State 7-12
John Calvin Christian College
Armadale, WA, 6112 Independent 7-12
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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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