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Unit 3,
117 MELROSE DRIVE Tullamarine VIC 3043

This property is Off Market

All about Tullamarine Homes for sale in Tullamarine

The Average property price in this area is $858,979, this is based on recent transactions.
Internet speed Download 100 Mbps / Upload 40 Mbps
Distance to the coast 11.69 km
Potential bushfire risk 0 / 10
Report as to subsidence
Potential Land Contamination risk
Powerlines within 200m 0

Street view

Drive times

School Catchments

Property For Sale Nearby

Ray White 13 CHURCHILL AV, 790000 4 Beds - 2 Baths - 2 Parking Within 1.0 km Ray White 38 CATHERINE AV, 690000 3 Beds - 1 Baths - 2 Parking Within 1.3 km At Realty UNIT 2, 2 BURVALE CT, $850,000 3 Beds - 2 Baths - 1 Parking Within 1.5 km Woodards UNIT 9, 1 MILLAR RD, Contact agent for details 3 Beds - 1 Baths - 2 Parking Within 1.6 km Ray White 10 HENDERSON RD, 1050000 3 Beds - 1 Baths - 4 Parking Within 2.1 km

Recently Sold Properties in this Area

About Tullamarine

With an average age of 38, households expect an average monthly mortgage payment of $1,644 or a weekly rent payment of $350. The average family earns a weekly income of $1,666 with a typical household size of 2 and a 93.88% employment rate.

Consistent high demand relative to supply is a key feature in Tullamarine 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 Tullamarine due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Tullamarine changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Tullamarine 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.

Public Transport

Stop 59: Matthews Avenue tram

Stop 54: Fullarton Road tram

Stop 55: Cameron Street tram

Stop 56: Earl Street tram

Stop 57: Hawker Street tram

Stop 58: Marshall Road tram

Stop 58: Marshall Road

General Points of Interest

Hall's Taekwondo Centre sport

Green Gully Pavilion golf

Keilor Public Driving Range sport

Kore Wellness & Swim Centre

Pentridge Prison Main Gate sport

West Brunswick Tennis Club shopping

Homemaker Centre shopping

Sunshine Marketplace stadium

Flemington Grandstand

Milleara Shopping Centre

Population

(Country of Birth not stated 7%)

Are people healthy?

There are a recorded 791 asthma sufferers and 673 people living with diabetes. In addition, 416 people have a heart/vascular condition and 794 people live with three or more chronic diseases.

A good place to invest in property?

Tullamarine 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

40 / 100

52 / 100

Industry

05 / 100

17 / 100

Population

13 / 100

32 / 100

House Prices

100 / 100

70 / 100

Jobs

25 / 100

34 / 100

Disclaimer

Local Crime Rates

Incidents Trend State Average

Local Schools

School Catchments

Tullamarine Primary School Gladstone Park Secondary College
Gladstone Park Primary School
Gladstone Park, VIC, 3043 State Prep-6
School of the Good Shepherd
Gladstone Park, VIC, 3043 Independent Prep-6
Strathmore North Primary School
Strathmore, VIC, 3041 State Prep-6
Oak Park Primary School
Oak Park, VIC, 3046 State Prep-6
Tullamarine Primary School
Tullamarine, VIC, 3043 State Prep-6
St Christopher's School
Airport West, VIC, 3042 Independent Prep-6
Niddrie Primary School
Niddrie, VIC, 3042 State Prep-6
Glenroy West Primary School
Glenroy, VIC, 3046 State Prep-6
Gladstone Park Secondary College
Gladstone Park, VIC, 3043 State 7-12
Gladstone Views Primary School
Gladstone Park, VIC, 3043 State Prep-6

Property Story

Unit 3, 117 Melrose Drive, Tullamarine, Vic, 3043 is a residential property . The estimated distance to the sea is 11.69km and 0.21KM 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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