5 Heritage Way, Melton West VIC 3337
This property is Off Market
- The Average property price in this area is $666,480, this is based on recent transactions.
- Internet speed Download 100 Mbps / Upload 40 Mbps
- Distance to the coast 31.04 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 Melton West
With an average age of 35, households expect an average monthly mortgage payment of $1,430 or a weekly rent payment of $310. The average family earns a weekly income of $1,358 with a typical household size of 2.5 and a 91.16% employment rate.
Consistent high demand relative to supply is a key feature in Melton West driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Melton West 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 Melton West 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 Melton West 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 Melton West 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 Melton West a better buying opportunity than it may have been in the past.
Public Transport
Melton
Wyndham Vale
Tarneit
Caroline Springs
Sunbury
Cobblebank
Watergardens
Bacchus Marsh
Diggers Rest
Rockbank
General Points of Interest
Bacchus Marsh Public childrens pool
Melton Valley Golf Club
Avenue Bowls Club
Darley Plaza
Coburns Central
Woodgrove Shopping Centre
Bacchus Marsh Public Pool
Paul Saddler Swimland
Melton Swimmers
Woodgrove Shopping Centre
Population
(Country of Birth not stated 6%)
Are people healthy?
There are a recorded 3046 asthma sufferers and 938 people living with diabetes. In addition, 688 people have a heart/vascular condition and 1863 people live with three or more chronic diseases.A good place to invest in property?
Melton West 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
44 / 100
52 / 100
Industry
13 / 100
17 / 100
Population
33 / 100
32 / 100
House Prices
85 / 100
70 / 100
Jobs
34 / 100
34 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsMelton West Primary School Melton Secondary College
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Melton West Primary School
Melton, VIC, 3337 State Prep-6 -
Melton Primary School
Melton, VIC, 3337 State Prep-6 -
Melton Specialist School
Melton, VIC, 3337 State U
Property Story
5 Heritage Way, Melton West, Vic, 3337 is a residential property with 2 bedrooms, 4 bathrooms and 2 Parking spaces. The estimated value of this home is $520,000 while properties of this type typically sell for between $270,000 and $360,000 in this suburb. The estimated distance to the sea is 31.04km and 0.88KM 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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