Thinking about buying in Chewton? Now could not be a better time, with 710 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $735,000 with prices in this suburb ranging from $211,000 to $2,037,000. The aproximate distance to the coast is 93 Km.
Median Weekly Rent | $290.80 |
Median Monthly Mortgage | $1462.30 |
Median Persons Per Bedroom | 0.76 |
Average Household Size | 2.10 |
Average Age | 50.30 |
Average Income | $679.40 |
Average Cars Per Dwelling | 2.00 |
Average Properties Within 50M | 7 |
1 Bed  $490,000 |
2 Bed  $619,000 |
3 Bed  $845,000 |
4 Bed  $999,000 |
5 Bed  $710,000 |
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 Chewton 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 Chewton 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. Medium density in Chewton 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 Chewton 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.
113 adelaide st, chewton, vic, 3451 | 0 | 0 | 0 | 300000 |
Chewton Primary School
Castlemaine Secondary College
Castlemaine Primary School
Olivet Christian College
St Mary's School
(While the above schools are located with the suburb of Chewton there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.4 | 12.7 | 30.6 | 25.1 | 81.8 | 4.3 | 27.8 |
Feb | 1.3 | 13.4 | 29.9 | 28.1 | 82.7 | 3.9 | 23.5 |
Mar | 2.0 | 11.6 | 26.6 | 34.3 | 87.3 | 3.5 | 18.3 |
Apr | 0.9 | 7.8 | 21.6 | 42.2 | 91.5 | 3.0 | 13.8 |
May | 1.5 | 4.5 | 16.3 | 54.8 | 96.2 | 2.8 | 9.8 |
Jun | 4.9 | 3.4 | 13.3 | 65.8 | 98.0 | 2.5 | 7.9 |
Jul | 2.1 | 3.2 | 12.2 | 67.4 | 97.4 | 2.6 | 7.3 |
Aug | 1.6 | 3 | 13.8 | 57.5 | 95.5 | 3.0 | 10.9 |
Sept | 1.4 | 3.6 | 17.4 | 47.4 | 95.6 | 3.0 | 15.6 |
Oct | 1.6 | 5.8 | 20.7 | 42.5 | 93.9 | 3.3 | 21.9 |
Nov | 1.9 | 8.5 | 24.5 | 35.5 | 91.7 | 3.5 | 24.6 |
Dec | 1.0 | 11.2 | 28.8 | 26.6 | 82.9 | 3.7 | 28.7 |
source: Australian Government Bureau of Meteorology
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