Thinking about buying in Orrvale? Now could not be a better time, with just 223 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $685,000 with prices in this suburb ranging from $275,000 to $1,531,000. The aproximate distance to the coast is 159 Km.
Median Weekly Rent | $219.33 |
Median Monthly Mortgage | $1470.33 |
Median Persons Per Bedroom | 0.80 |
Average Household Size | 2.33 |
Average Age | 48.33 |
Average Income | $663.33 |
Average Cars Per Dwelling | 2.23 |
Average Properties Within 50M | 2 |
2 Bed  $375,000 |
3 Bed  $388,000 |
4 Bed  $728,000 |
6 Bed+$858,000 |
Consistent high demand relative to supply is a key feature in Orrvale 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 Orrvale 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 Orrvale 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. Lower than average population density constrains growth in Orrvale 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 Orrvale 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 Orrvale a better buying opportunity than it may have been in the past.
420 POPLAR AV, ORRVALE, VIC, 3631 | 4 | 2 | 6 | Under Offer |
Orrvale Primary School
Shepparton East Primary School
Shepparton Adult & Community Education Inc
St Mel's School
(While the above schools are located with the suburb of Orrvale 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 | 0.9 | 15.6 | 32.8 | 22.1 | 77.2 | 4.7 | 27.1 |
Feb | 1.6 | 15.6 | 30.8 | 29.0 | 82.0 | 4.2 | 23.4 |
Mar | 1.7 | 12.7 | 26.7 | 34.4 | 85.5 | 3.9 | 18.8 |
Apr | 1.4 | 9.2 | 22.8 | 41.7 | 92.2 | 3.0 | 13.6 |
May | 1.1 | 5.6 | 17.5 | 54.0 | 96.5 | 3.0 | 9.9 |
Jun | 1.3 | 3.5 | 14.1 | 65.0 | 98.5 | 2.7 | 8.1 |
Jul | 1.5 | 3.9 | 13.3 | 66.8 | 98.4 | 3.3 | 8.2 |
Aug | 1.2 | 3.7 | 14.7 | 57.0 | 97.8 | 3.4 | 11.3 |
Sept | 1.1 | 5.5 | 18.4 | 46.7 | 95.7 | 3.7 | 16.0 |
Oct | 1.0 | 8 | 22.8 | 36.5 | 91.2 | 4.0 | 21.7 |
Nov | 0.9 | 11.2 | 27.0 | 26.5 | 86.9 | 4.4 | 24.8 |
Dec | 1.1 | 13.8 | 30.2 | 22.3 | 80.3 | 4.6 | 27.1 |
source: Australian Government Bureau of Meteorology
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