3 Cinnamon Drive, Lake Gardens VIC 3355
This property is Off Market
- The Average property price in this area is $995,745, this is based on recent transactions.
- Internet speed Download 100 Mbps / Upload 40 Mbps
- Distance to the coast 77.75 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 Ballarat
With an average age of 52, households expect an average monthly mortgage payment of $1,717 or a weekly rent payment of $350. The average family earns a weekly income of $1,960 with a typical household size of 2.2 and a 98.32% employment rate.
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 Lake Gardens 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 Lake Gardens 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 Lake Gardens necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Lake Gardens 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 Lake Gardens a better buying opportunity than it may have been in the past.
Public Transport
Clunes
General Points of Interest
Federation University Australia (Camp Street Campus)
swimming centre
The Magpie Goldrush & Pulpit Rock
Community Pavilion
Ballarat Aquatic and Leisure Centre
Central Wendouree Bowling Club Inc.
Gold Discovery Memorial
Anytime Fitness
Helen McKay Memorial
Korean, Borneo, Malayan & Vietnam Memorial
Population
(Country of Birth not stated 2%)
Are people healthy?
There are a recorded 1807 asthma sufferers and 524 people living with diabetes. In addition, 656 people have a heart/vascular condition and 1139 people live with three or more chronic diseases.A good place to invest in property?
Ballarat 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
58 / 100
52 / 100
Industry
16 / 100
17 / 100
Population
30 / 100
32 / 100
House Prices
56 / 100
70 / 100
Jobs
35 / 100
34 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsWendouree Primary School Ballarat High School
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Ballarat Specialist School
Lake Gardens, VIC, 3355 State U -
Alfredton Primary School
Alfredton, VIC, 3350 State Prep-6 -
Loreto College
Ballarat, VIC, 3350 Independent 7-12 -
Our Lady Help of Christians School
Wendouree, VIC, 3355 Independent Prep-6 -
Wendouree Primary School
Wendouree, VIC, 3355 State Prep-6 -
Ballarat High School
Ballarat, VIC, 3350 State 7-12 -
St Thomas More School
Alfredton, VIC, 3350 Independent Prep-6 -
Yuille Park P-8 Community College
Wendouree, VIC, 3355 State U, Prep-8 -
Ballarat Grammar
Wendouree, VIC, 3355 Independent Prep-12 -
St Patrick's College
Ballarat, VIC, 3350 Independent 7-12
Property Story
3 Cinnamon Drive, Lake Gardens, Vic, 3355 is a residential property with bedrooms, bathrooms and Parking spaces. The estimated distance to the sea is 77.75km and 0.74KM to vegatation considered to be a factor in bushfire risk.Local Developments
To see the latest development applications
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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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