This property is Off Market
With an average age of 35, households expect an average monthly mortgage payment of $2,500 or a weekly rent payment of $620. The average family earns a weekly income of $3,240 with a typical household size of 3.3 and a 98.52% employment rate.
In Diamond Creek 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 Diamond Creek 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. The high percentage of professional people in Diamond Creek 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 Diamond Creek 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 Diamond Creek 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 Diamond Creek a better buying opportunity than it may have been in the past.
(Country of Birth not stated 1%)
Wattle Glen - Diamond Creek 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
71 / 100
52 / 100
Industry
18 / 100
17 / 100
Population
50 / 100
32 / 100
House Prices
00 / 100
70 / 100
Jobs
43 / 100
34 / 100
Incidents Trend State Average
OneSchool Global Vic
Yarrambat, VIC, 3091 Independent 3-12
Sacred Heart School
Diamond Creek, VIC, 3089 Independent Prep-6
Diamond Creek Primary School
Diamond Creek, VIC, 3089 State Prep-6
Diamond Valley College
Diamond Creek, VIC, 3089 State 7-12
Yarrambat Primary School
Yarrambat, VIC, 3091 State Prep-6
St Helena Secondary College
Eltham North, VIC, 3095 State 7-12
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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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