This property is Off Market
With an average age of 35, households expect an average monthly mortgage payment of $1,500 or a weekly rent payment of $340. The average family earns a weekly income of $1,937 with a typical household size of 2.6 and a 94.67% employment rate.
In College Grove 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. 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 College Grove due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in College Grove leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Lower than average population density constrains growth in College Grove to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
(Country of Birth not stated 5%)
College Grove - Carey Park 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
Western Australia State average 54 / 100
Income
42 / 100
55 / 100
Industry
38 / 100
48 / 100
Population
23 / 100
35 / 100
House Prices
45 / 100
62 / 100
Jobs
05 / 100
17 / 100
Incidents Trend State Average
Bunbury Regional Community College
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Newton Moore Education Support Centre
Bunbury, WA, 6230 State 7-12
Adam Road Primary School
South Bunbury, WA, 6230 State K-6
Manea Senior College
Bunbury, WA, 6230 State 11-12
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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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