2 Foreshore Road, Balnarring Beach VIC 3926
This property is Off Market
- The Average property price in this area is $1,100,696, this is based on recent transactions.
- Internet speed Download 100 Mbps / Upload 40 Mbps
- Distance to the coast 0.12 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Potential Land Contamination risk
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
About Hastings - Somers
With an average age of 60, households expect an average monthly mortgage payment of $1,873 or a weekly rent payment of $451. The average family earns a weekly income of $2,091 with a typical household size of 2.2 and a 89.08% 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. 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 Balnarring Beach due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Balnarring Beach provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Balnarring Beach requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Balnarring Beach 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 Balnarring Beach a better buying opportunity than it may have been in the past.
Public Transport
Leawarra
Somerville
Tyabb Station
Tankerton Jetty
Bittern Station
Cowes Jetty
Moorooduc
Mornington
Hastings
Stony Point Pier
General Points of Interest
Cerberus Golf Club
Hastings Pony Club
Cerberus Golf Club
Coolart Historic Homestead
Rockpools
Red Hill Bike Park
Red Hill Estate
Population
(Country of Birth not stated 8%)
Are people healthy?
There are a recorded 3987 asthma sufferers and 960 people living with diabetes. In addition, 1266 people have a heart/vascular condition and 2819 people live with three or more chronic diseases.A good place to invest in property?
Hastings - Somers 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
42 / 100
52 / 100
Industry
16 / 100
17 / 100
Population
47 / 100
32 / 100
House Prices
75 / 100
70 / 100
Jobs
39 / 100
34 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsWestern Port Secondary College Balnarring Primary School
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Somers Primary School
Somers, VIC, 3927 State Prep-6 -
Balnarring Primary School
Balnarring, VIC, 3926 State Prep-6 -
Bittern Primary School
Bittern, VIC, 3918 State Prep-6
Property Story
2 Foreshore Road, Balnarring Beach, Vic, 3926 is a residential property . The estimated distance to the sea is only 0.12km and 0.08KM to vegatation considered to be a factor in bushfire risk.Local Developments
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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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