This property is Off Market
With an average age of 48, households expect an average monthly mortgage payment of $1,380 or a weekly rent payment of $400. The average family earns a weekly income of $2,349 with a typical household size of 2.4 and a 100.66% employment rate.
In Woodend 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. High average incomes in Woodend 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 Woodend 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 Woodend 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 Woodend 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 Woodend a better buying opportunity than it may have been in the past.
(Country of Birth not stated 1%)
Woodend 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
65 / 100
52 / 100
Industry
12 / 100
17 / 100
Population
25 / 100
32 / 100
House Prices
00 / 100
70 / 100
Jobs
30 / 100
34 / 100
Incidents Trend State Average
St Ambrose's School
Woodend, VIC, 3442 Independent Prep-6
Braemar College
Woodend, VIC, 3442 Independent 5-12
Newham Primary School
Newham, VIC, 3442 State Prep-6
Woodend Primary School
Woodend, VIC, 3442 State 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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