44 Jester Drive,
Cobblebank VIC 3338

About Melton South

With an average age of 30, households expect an average monthly mortgage payment of $1,989 or a weekly rent payment of $380. The average family earns a weekly income of $2,046 with a typical household size of 3.5 and a 92.53% employment rate.

Consistent high demand relative to supply is a key feature in Cobblebank 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 Cobblebank due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Cobblebank provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Cobblebank requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Cobblebank 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 Cobblebank a better buying opportunity than it may have been in the past.

Public Transport

Melton Tarneit Caroline Springs Cobblebank Watergardens St. Albans Bacchus Marsh Diggers Rest Keilor Plains Rockbank

General Points of Interest

Melton Waves Melton Valley Golf Club Melton Waves Opalia Plaza Coburns Central Woodgrove Shopping Centre Melton Swimmers Coburns Central Melton Indoor Sports Stadium Woodgrove Shopping Centre

Population

(Country of Birth not stated 2%)

Are people healthy?

Local Crime Rates

Incidents Trend State Average

Local Schools

• School Catchments

  Melton South Primary School Staughton College

• St Anthony's School

  Melton South, VIC, 3338 Independent Prep-6

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• St Dominic's School

  Melton, VIC, 3337 Independent Prep-6

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• Staughton College

  Melton South, VIC, 3338 State 7-12

  NAPLAN

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Property Story

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