3684 Melba Highway, Glenburn VIC 3717
This property is Off Market
- The Average property price in this area is $850,578, this is based on recent transactions.
- Internet speed Download 25 Mbps / Upload 5 Mbps
- Distance to the coast 59.60 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
About Yea
With an average age of 50, households expect an average monthly mortgage payment of $2,050 or a weekly rent payment of $320. The average family earns a weekly income of $1,854 with a typical household size of 2.6 and a 98.48% employment rate.
In Glenburn there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. 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 Glenburn 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 Glenburn 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 Glenburn 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
Hurstbridge
Middle Gorge
Hawkstowe
Mernda
Diamond Creek
Wandong
Wallan
Wattle Glen
Lilydale
Heathcote Junction
Population
(Country of Birth not stated 15%)
Are people healthy?
There are a recorded 588 asthma sufferers and 197 people living with diabetes. In addition, 281 people have a heart/vascular condition and 494 people live with three or more chronic diseases.A good place to invest in property?
Yea 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
35 / 100
52 / 100
Industry
03 / 100
17 / 100
Population
11 / 100
32 / 100
House Prices
00 / 100
70 / 100
Jobs
23 / 100
34 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsToolangi Primary School Yea High School
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Kinglake Primary School
Kinglake, VIC, 3763 State Prep-6
Property Story
3684 Melba Highway, Glenburn, Vic, 3717 is a residential property . The estimated distance to the sea is 59.6km and 0.02KM 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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