This property is Off Market
With an average age of 46, households expect an average monthly mortgage payment of $1,300 or a weekly rent payment of $350. The average family earns a weekly income of $1,458 with a typical household size of 2 and a 87.19% employment rate.
Consistent high demand relative to supply is a key feature in St Albans Park 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 St Albans Park 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 St Albans Park 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. Medium density in St Albans Park necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in St Albans Park the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
(Country of Birth not stated 3%)
Newcomb - Moolap 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
35 / 100
52 / 100
Industry
09 / 100
17 / 100
Population
31 / 100
32 / 100
House Prices
85 / 100
70 / 100
Jobs
15 / 100
34 / 100
Incidents Trend State Average
Whittington Primary School
Whittington, VIC, 3219 State Prep-6
Newcomb Park Primary School
Newcomb, VIC, 3219 State Prep-6
Geelong East Primary School
East Geelong, VIC, 3219 State Prep-6
Tate Street Primary School Geelong
East Geelong, VIC, 3219 State Prep-6
Christ the King School
Newcomb, VIC, 3219 Independent Prep-6
St Margaret's School
East Geelong, VIC, 3219 Independent Prep-6
MacKillop Specialist School
Whittington, VIC, 3219 Independent 3-12
Newcomb Secondary College
Newcomb, VIC, 3219 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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