38 Wallace Road, Cranbourne VIC 3977
This property is Off Market
- The Average property price in this area is $772,181, this is based on recent transactions.
- Internet speed Download 100 Mbps / Upload 40 Mbps
- Distance to the coast 12.52 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 Cranbourne
With an average age of 41, households expect an average monthly mortgage payment of $1,263 or a weekly rent payment of $345. The average family earns a weekly income of $1,593 with a typical household size of 2.6 and a 92.56% 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 Cranbourne 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 Cranbourne 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 Cranbourne 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 Cranbourne 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 Cranbourne a better buying opportunity than it may have been in the past.
Public Transport
Leawarra
General Points of Interest
The local village @ Carrum Downs
Casey Indoor Leisure Complex
The Gateway Shopping Centre
Skye Driving Range & Golf Course
Hunt Club Village
Spring Hill Shopping Centre
Cranbourne Golf Club
Ayr Hill Equestrian Centre
Multi Purpose Center
Aeroplane
Population
(Country of Birth not stated 4%)
Are people healthy?
There are a recorded 3137 asthma sufferers and 1369 people living with diabetes. In addition, 1365 people have a heart/vascular condition and 2310 people live with three or more chronic diseases.A good place to invest in property?
Cranbourne 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
40 / 100
52 / 100
Industry
11 / 100
17 / 100
Population
50 / 100
32 / 100
House Prices
75 / 100
70 / 100
Jobs
29 / 100
34 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsCranbourne West Primary School Cranbourne Secondary College
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Cranbourne Park Primary School
Cranbourne, VIC, 3977 State Prep-6 -
Cranbourne West Primary School
Cranbourne, VIC, 3977 State Prep-6 -
St Peter's College
Cranbourne, VIC, 3977 Independent 7-12
Property Story
38 Wallace Road, Cranbourne, Vic, 3977 is a residential property with 3 bedrooms, 1 bathrooms and 2 Parking spaces. The estimated distance to the sea is 12.52km and 0.36KM 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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