397 Fairbank Road, Arawata VIC 3951
This property is Off Market
- The Average property price in this area is $781,421, this is based on recent transactions.
- Internet speed Download 25 Mbps / Upload 5 Mbps
- Distance to the coast 27.91 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
About Korumburra
With an average age of 49, households expect an average monthly mortgage payment of $1,495 or a weekly rent payment of $231. The average family earns a weekly income of $2,058 with a typical household size of 2.5 and a 91.91% 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 Arawata 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 Arawata 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. Medium density in Arawata necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in Arawata 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.
Public Transport
Garfield
General Points of Interest
Korumburra War Memorial
Korumburra Golf Course
Korumburra Outdoor Pool
Population
(Country of Birth not stated 7%)
Are people healthy?
There are a recorded 1411 asthma sufferers and 392 people living with diabetes. In addition, 502 people have a heart/vascular condition and 1137 people live with three or more chronic diseases.A good place to invest in property?
Korumburra 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
38 / 100
52 / 100
Industry
04 / 100
17 / 100
Population
26 / 100
32 / 100
House Prices
70 / 100
70 / 100
Jobs
26 / 100
34 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsKorumburra Secondary College Korumburra Primary School
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Korumburra Secondary College
Korumburra, VIC, 3950 State 7-12 -
Korumburra Primary School
Korumburra, VIC, 3950 State Prep-6 -
Mary MacKillop Catholic Regional College
Leongatha, VIC, 3953 Independent 7-12 -
Poowong Consolidated School
Poowong, VIC, 3988 State Prep-6 -
Leongatha Primary School
Leongatha, VIC, 3953 State Prep-6 -
St Joseph's School
Korumburra, VIC, 3950 Independent Prep-6 -
St Laurence O'Toole School
Leongatha, VIC, 3953 Independent Prep-6
Property Story
397 Fairbank Road, Arawata, Vic, 3951 is a residential property . The estimated distance to the sea is 27.91km and 0.09KM 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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