Unit 503, 102 WELLS STREET Southbank VIC 3006
This property is Off Market
- The Average property price in this area is $775,682, this is based on recent transactions.
- Internet speed Download 100 Mbps / Upload 40 Mbps
- Distance to the coast 2.29 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Potential Land Contamination risk
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
About Southbank
With an average age of 33, households expect an average monthly mortgage payment of $2,050 or a weekly rent payment of $480. The average family earns a weekly income of $3,250 with a typical household size of 1.9 and a 92.41% employment rate.
Consistent high demand relative to supply is a key feature in Southbank driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Southbank 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 Southbank 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 Southbank 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. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
Public Transport
Stop 117: York Street
Stop 116: City Road
Stop 116: City Road
Stop 115: Casino/Southbank
Stop 18: Grant Street
Stop 18: Grant Street
Stop 19: Miles Street
Stop 19: Miles Street
Stop 126: City Road
Stop 126: City Road
General Points of Interest
Hall's Taekwondo Centre
Green Acres Golf Club
Trinity College
Como Centre
Admiral Creswell Memorial
Melbourne Cricket Ground
Olympia Gymnasium
Centenary Bridge Pillar
Altona Badminton Centre
Flemington Grandstand
Population
(Country of Birth not stated 3%)
Are people healthy?
There are a recorded 1223 asthma sufferers and 457 people living with diabetes. In addition, 415 people have a heart/vascular condition and 842 people live with three or more chronic diseases.A good place to invest in property?
Southbank 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
66 / 100
52 / 100
Industry
59 / 100
17 / 100
Population
58 / 100
32 / 100
House Prices
85 / 100
70 / 100
Jobs
64 / 100
34 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsCollingwood College South Melbourne Primary School
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Hester Hornbrook Academy
South Melbourne, VIC, 3205 Independent 10-12
Property Story
Unit 503, 102 Wells Street, Southbank, Vic, 3006 is a residential property . The estimated distance to the sea is 2.29km and 0.92KM 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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