60 Shanks Road, Melrose SA 5483
This property is Off Market
- The Average property price in this area is $225,855, this is based on recent transactions.
- Internet speed Download 25 Mbps / Upload 5 Mbps
- Distance to the coast 21.37 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 Peterborough - Mount Remarkable
With an average age of 52, households expect an average monthly mortgage payment of $1,150 or a weekly rent payment of $150. The average family earns a weekly income of $1,347 with a typical household size of 2.5 and a 98.48% employment rate.
In Melrose there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Melrose is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Melrose 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 Melrose 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 Melrose 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 Melrose a better buying opportunity than it may have been in the past.
General Points of Interest
Goyder's Line Memorial
Shoe Tree
Population
(Country of Birth not stated 14%)
Are people healthy?
There are a recorded 676 asthma sufferers and 628 people living with diabetes. In addition, 446 people have a heart/vascular condition and 780 people live with three or more chronic diseases.A good place to invest in property?
Peterborough - Mount Remarkable 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
South Australia State average 45 / 100
Income
27 / 100
44 / 100
Industry
13 / 100
34 / 100
Population
22 / 100
37 / 100
House Prices
31 / 100
62 / 100
Jobs
13 / 100
33 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
Property Story
60 Shanks Road, Melrose, Sa, 5483 is a residential property . The estimated distance to the sea is 21.37km and 0.04KM 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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