Thinking about buying in Great Western? Now could not be a better time, with just 339 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $422,000 with prices in this suburb ranging from $80,000 to $1,037,000. The aproximate distance to the coast is 131 Km.
Median Weekly Rent | $200.00 |
Median Monthly Mortgage | $1277.00 |
Median Persons Per Bedroom | 0.70 |
Average Household Size | 2.00 |
Average Age | 53.00 |
Average Income | $674.00 |
Average Cars Per Dwelling | 1.82 |
Average Properties Within 50M | 2 |
1 Bed  $396,000 |
2 Bed  $453,000 |
3 Bed  $446,000 |
4 Bed  $600,000 |
5 Bed  $651,000 |
6 Bed+$383,000 |
Consistent high demand relative to supply is a key feature in Great Western 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 Great Western 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 Great Western 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 Great Western 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 Great Western 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.
2-18 MAIN ST, GREAT WESTERN, VIC, 3374 | 4 | 2 | 4 | $525,000 - $550,000 | |
102 MAIN ST, GREAT WESTERN, VIC, 3374 | 3 | 1 | 3 | $370,000 - $380,000 |
Great Western Primary School
(While the above schools are located with the suburb of Great Western 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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