64 Possumtail Run, Merrimu VIC 3340
This property is Off Market
- The Average property price in this area is $774,964, this is based on recent transactions.
- Internet speed Download 50 Mbps / Upload 20 Mbps
- Distance to the coast 37.46 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 Bacchus Marsh
With an average age of 39, households expect an average monthly mortgage payment of $1,950 or a weekly rent payment of $100. The average family earns a weekly income of $2,700 with a typical household size of 3.3 and a 97.45% employment rate.
Consistent high demand relative to supply is a key feature in Merrimu driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Merrimu are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Merrimu classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Merrimu 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 Merrimu 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 Merrimu a better buying opportunity than it may have been in the past.
Public Transport
Melton
Wyndham Vale
Caroline Springs
Sunbury
Cobblebank
Watergardens
Bacchus Marsh
Diggers Rest
Rockbank
Ballan
General Points of Interest
Bacchus Marsh Public childrens pool
Avenue Bowls Club
Bacchus Marsh Golf 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 7%)
Are people healthy?
There are a recorded 3546 asthma sufferers and 1113 people living with diabetes. In addition, 1205 people have a heart/vascular condition and 2525 people live with three or more chronic diseases.A good place to invest in property?
Bacchus Marsh 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
51 / 100
52 / 100
Industry
17 / 100
17 / 100
Population
49 / 100
32 / 100
House Prices
81 / 100
70 / 100
Jobs
46 / 100
34 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
-
School CatchmentsDarley Primary School Bacchus Marsh College
Property Story
64 Possumtail Run, Merrimu, Vic, 3340 is a residential property . The estimated distance to the sea is 37.46km and 0KM 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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