Thinking about buying in Deep Lead? Now could not be a better time, with just 118 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $545,000 with prices in this suburb ranging from $545,000 to $545,000. The aproximate distance to the coast is 147 Km.
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Consistent high demand relative to supply is a key feature in Deep Lead 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 Deep Lead 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 Deep Lead 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. Lower than average population density constrains growth in Deep Lead to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Deep Lead 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.
42 glenvale rd, deep lead, vic, 3385 | 3 | 1 | 8 | Price Range $525… |
None within suburb boundary
(While the above schools are located with the suburb of Deep Lead 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 | 1.2 | 13.7 | 29.8 | 24.1 | 81.2 | 4.3 | 27.0 |
Feb | 0.9 | 13.8 | 28.4 | 29.2 | 82.4 | 4.2 | 23.1 |
Mar | 0.7 | 12.0 | 25.1 | 34.1 | 84.8 | 3.8 | 18.0 |
Apr | 1.0 | 9.2 | 20.5 | 41.8 | 89.5 | 3.3 | 13.1 |
May | 1.7 | 6.8 | 16.0 | 54.4 | 94.2 | 3.2 | 9.3 |
Jun | 1.7 | 4.7 | 13.0 | 64.2 | 96.5 | 3.0 | 7.7 |
Jul | 1.8 | 4.3 | 12.3 | 64.0 | 96.5 | 3.5 | 7.7 |
Aug | 1.6 | 4.6 | 13.5 | 56.2 | 95.5 | 3.5 | 10.8 |
Sept | 1.6 | 6.2 | 16.6 | 47.4 | 93.2 | 3.6 | 15.3 |
Oct | 1.0 | 8.1 | 20.9 | 37.9 | 88.5 | 3.9 | 20.7 |
Nov | 1.1 | 10.0 | 23.8 | 32.4 | 87.2 | 4.0 | 23.6 |
Dec | 1.0 | 11.9 | 27.1 | 27.2 | 82.3 | 4.1 | 26.6 |
source: Australian Government Bureau of Meteorology
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