17 Tower Road, Norval VIC 3377
This property is Off Market
- The Average property price in this area is $572,506, this is based on recent transactions.
- Internet speed Download 50 Mbps / Upload 20 Mbps
- Distance to the coast 127.95 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Potential Land Contamination risk
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
About Ararat Region
With an average age of 53, households expect an average monthly mortgage payment of $1,300 or a weekly rent payment of $175. The average family earns a weekly income of $1,888 with a typical household size of 2.3 and a 93.84% employment rate.
Consistent high demand relative to supply is a key feature in Norval 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 Norval due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Norval changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Norval 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.
Public Transport
Ararat
General Points of Interest
Ararat Recreation and Aquatic Centre
War Memorial
Waterson Skate Park
VRI Bowls Club
Pinkey Point
Grampians Estate Cellar Door
NMIT Ararat Campus (Aradale)
Aradale Golf Club
Ararat Chalambar Golf Club
Montara Wines
Population
(Country of Birth not stated 11%)
Are people healthy?
There are a recorded 461 asthma sufferers and 191 people living with diabetes. In addition, 236 people have a heart/vascular condition and 377 people live with three or more chronic diseases.A good place to invest in property?
Ararat Region 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
33 / 100
52 / 100
Industry
02 / 100
17 / 100
Population
11 / 100
32 / 100
House Prices
81 / 100
70 / 100
Jobs
23 / 100
34 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsArarat West Primary School Ararat Secondary College
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Ararat Primary School
Ararat, VIC, 3377 State Prep-6
Property Story
17 Tower Road, Norval, Vic, 3377 is a residential property . The estimated distance to the sea is 127.95km and 0.08KM to vegatation considered to be a factor in bushfire risk.Local Developments
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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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