This property is Off Market
With an average age of 41, households expect an average monthly mortgage payment of $1,829 or a weekly rent payment of $350. The average family earns a weekly income of $1,837 with a typical household size of 2.5 and a 90.52% employment rate.
Consistent high demand relative to supply is a key feature in Reservoir driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Reservoir are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Reservoir 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 Reservoir 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. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
(Country of Birth not stated 24%)
Reservoir - East 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
34 / 100
17 / 100
Population
47 / 100
32 / 100
House Prices
85 / 100
70 / 100
Jobs
37 / 100
34 / 100
Incidents Trend State Average
Reservoir East Primary School
Reservoir, VIC, 3073 State Prep-6
Preston Primary School
Preston, VIC, 3072 State Prep-6
Reservoir High School
Reservoir, VIC, 3073 State 7-12
Kingsbury Primary School
Kingsbury, VIC, 3083 State Prep-6
St Pius X School
Heidelberg West, VIC, 3081 Independent Prep-6
East Preston Islamic College
Preston, VIC, 3072 Independent Prep-12
Our Lady of the Way School
Kingsbury, VIC, 3083 Independent Prep-6
Holy Name School
Reservoir, VIC, 3073 Independent Prep-6
Preston North East Primary School
Preston, VIC, 3072 State Prep-6
Northern College of the Arts and Technology
Preston, VIC, 3072 State 10-12
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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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