This property is Off Market
With an average age of 39, households expect an average monthly mortgage payment of $2,112 or a weekly rent payment of $430. The average family earns a weekly income of $3,232 with a typical household size of 2.8 and a 100.64% employment rate.
Consistent high demand relative to supply is a key feature in Alfredton driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Alfredton are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Alfredton provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Alfredton to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Alfredton we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Alfredton a better buying opportunity than it may have been in the past.
(Country of Birth not stated 2%)
Alfredton 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
56 / 100
52 / 100
Industry
14 / 100
17 / 100
Population
24 / 100
32 / 100
House Prices
81 / 100
70 / 100
Jobs
32 / 100
34 / 100
Incidents Trend State Average
Ballarat Grammar
Wendouree, VIC, 3355 Independent Prep-12
Newington Primary School
Ballarat, VIC, 3350 State Prep-6
Alfredton Primary School
Alfredton, VIC, 3350 State Prep-6
Loreto College
Ballarat, VIC, 3350 Independent 7-12
Ballarat High School
Ballarat, VIC, 3350 State 7-12
Ballarat Specialist School
Lake Gardens, VIC, 3355 State U
St Patrick's College
Ballarat, VIC, 3350 Independent 7-12
Ballarat Clarendon College
Ballarat, VIC, 3350 Independent Prep-12
St Thomas More School
Alfredton, VIC, 3350 Independent 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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