This property is Off Market
With an average age of 39, households expect an average monthly mortgage payment of $1,118 or a weekly rent payment of $220. The average family earns a weekly income of $1,208 with a typical household size of 2.1 and a 87.5% employment rate.
In Orelia 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. 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 Orelia due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Orelia 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. Medium density in Orelia necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
(Country of Birth not stated 9%)
Parmelia - Orelia 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
Western Australia State average 54 / 100
Income
44 / 100
55 / 100
Industry
39 / 100
48 / 100
Population
34 / 100
35 / 100
House Prices
46 / 100
62 / 100
Jobs
08 / 100
17 / 100
Incidents Trend State Average
Peter Carnley Anglican Community School
Wellard, WA, 6170 Independent PP-12
Medina Primary School
Medina, WA, 6167 State K-6
Orelia Primary School
Orelia, WA, 6167 State K-6
Leda Primary School
Leda, WA, 6170 State K-6
St Vincent's School
Parmelia, WA, 6167 Independent PP-6
Gilmore College
Orelia, WA, 6167 State 7-12
Bertram Primary School
Bertram, WA, 6167 State K-6
Calista Primary School
Calista, WA, 6167 State K-6
The King's College
Wellard, WA, 6170 Independent PP-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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