This property is Off Market
With an average age of 41, households expect an average monthly mortgage payment of $3,000 or a weekly rent payment of $300. The average family earns a weekly income of $2,068 with a typical household size of 3.3 and a 96.86% employment rate.
Consistent high demand relative to supply is a key feature in Narre Warren North driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Narre Warren North 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 Narre Warren North 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 Narre Warren North 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 Narre Warren North 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 3%)
Narre Warren North 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
Victoria State average 44 / 100
Income
66 / 100
52 / 100
Industry
07 / 100
17 / 100
Population
31 / 100
32 / 100
House Prices
85 / 100
70 / 100
Jobs
31 / 100
34 / 100
Incidents Trend State Average
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Hallam, VIC, 3803 State 10-12
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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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