62 Hume Avenue, Melton South VIC 3338
This property is Off Market
- The Average property price in this area is $610,677, this is based on recent transactions.
- Internet speed Download 100 Mbps / Upload 40 Mbps
- Distance to the coast 28.29 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 Melton South
With an average age of 37, households expect an average monthly mortgage payment of $1,180 or a weekly rent payment of $310. The average family earns a weekly income of $1,273 with a typical household size of 2.6 and a 89.27% employment rate.
Consistent high demand relative to supply is a key feature in Melton South 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 Melton South 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 Melton South 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 Melton South 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 Melton South 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 South a better buying opportunity than it may have been in the past.
Public Transport
Melton
Wyndham Vale
Tarneit
Caroline Springs
Cobblebank
Watergardens
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 6%)
Are people healthy?
There are a recorded 3647 asthma sufferers and 1439 people living with diabetes. In addition, 1120 people have a heart/vascular condition and 2680 people live with three or more chronic diseases.A good place to invest in property?
Melton South 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
19 / 100
17 / 100
Population
41 / 100
32 / 100
House Prices
85 / 100
70 / 100
Jobs
40 / 100
34 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsStaughton College Melton South Primary School
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Staughton College
Melton South, VIC, 3338 State 7-12 -
Al Iman College
Melton South, VIC, 3338 Independent Prep-11 -
St Anthony's School
Melton South, VIC, 3338 Independent Prep-6
Property Story
62 Hume Avenue, Melton South, Vic, 3338 is a residential property with 4 bedrooms, 1 bathrooms and 2 Parking spaces. The estimated value of this home is $515,000 while properties of this type typically sell for between $380,000 and $800,000 in this suburb. The estimated distance to the sea is 28.29km and 0.61KM 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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