Unit 57, 400 VICTORIA PARADE East Melbourne VIC 3002
This property is Off Market
- The Average property price in this area is $2,244,445, this is based on recent transactions.
- Internet speed Download 100 Mbps / Upload 40 Mbps
- Distance to the coast 3.59 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 East Melbourne
With an average age of 42, households expect an average monthly mortgage payment of $3,700 or a weekly rent payment of $650. The average family earns a weekly income of $4,521 with a typical household size of 1.9 and a 99.32% 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. High average incomes in East Melbourne 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. A mix of professions and above average income earners in East Melbourne provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in East Melbourne to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in East Melbourne 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 East Melbourne a better buying opportunity than it may have been in the past.
Public Transport
Stop 10: Jolimont Road
Stop 10: Jolimont Road
Stop 9: Lansdowne Street
Stop 9: Lansdowne Street
Stop 11: Jolimont Station
Stop 11: Jolimont Station
Stop 15: Smith Street
Stop 15: Smith Street
Stop 13: Simpson Street
Stop 13: Simpson Street
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
West Brunswick Tennis Club
Flemington Grandstand
Population
(Country of Birth not stated 4%)
Are people healthy?
There are a recorded 516 asthma sufferers and 183 people living with diabetes. In addition, 195 people have a heart/vascular condition and 389 people live with three or more chronic diseases.A good place to invest in property?
East Melbourne 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
90 / 100
52 / 100
Industry
18 / 100
17 / 100
Population
18 / 100
32 / 100
House Prices
75 / 100
70 / 100
Jobs
35 / 100
34 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsCollingwood College
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David Scott School
Fitzroy, VIC, 3065 Independent 10-12
Property Story
Unit 57, 400 Victoria Parade, East Melbourne, Vic, 3002 is a residential property . The estimated distance to the sea is 3.59km and at least 1.35KM to vegatation considered to be a factor in bushfire risk.Local Developments
To see the latest development applications
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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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