Unit 1, 501 THOMPSON ROAD Norlane VIC 3214
This property is Off Market
- The Average property price in this area is $540,585, this is based on recent transactions.
- Internet speed Download 100 Mbps / Upload 40 Mbps
- Distance to the coast 2.22 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
About Corio - Norlane
With an average age of 44, households expect an average monthly mortgage payment of $1,265 or a weekly rent payment of $300. The average family earns a weekly income of $1,430 with a typical household size of 2.2 and a 96.43% employment rate.
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. 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 Norlane 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 Norlane 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. High density population in Norlane 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 Norlane 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 Norlane a better buying opportunity than it may have been in the past.
Public Transport
Marshall
Wyndham Vale
Port Phillip Ferries (Portarlington-Docklands)
Waurn Ponds
Port Phillip Ferries (Geelong-Docklands)
Geelong
Queenscliff - Sorrento Ferry
South Geelong
Little River
North Shore
General Points of Interest
Barwon Valley Golf Course
Geelong Lawn Tennis Club
Geelong Racecourse
Belmont Village
Barrabool Hills Plaza
Leisuretime Sports Precinct
Geelong Aquatic Centre
Korean War Memorial
War Memorial
Queens Park Golf Course
Population
(Country of Birth not stated 7%)
Are people healthy?
There are a recorded 4269 asthma sufferers and 1694 people living with diabetes. In addition, 1284 people have a heart/vascular condition and 3874 people live with three or more chronic diseases.A good place to invest in property?
Corio - Norlane 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
31 / 100
52 / 100
Industry
11 / 100
17 / 100
Population
45 / 100
32 / 100
House Prices
75 / 100
70 / 100
Jobs
00 / 100
34 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsMatthew Flinders Girls Secondary College Northern Bay P-12 College
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Bell Park North Primary School
Bell Park, VIC, 3215 State Prep-6 -
St Thomas Aquinas School
Norlane, VIC, 3214 Independent Prep-6
Property Story
Unit 1, 501 Thompson Road, Norlane, Vic, 3214 is a residential property . The estimated distance to the sea is 2.22km and 0.9KM 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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