Unit 5, 20-24 PALMERSTON STREET Melton VIC 3337
This property is Off Market
- The Average property price in this area is $619,443, this is based on recent transactions.
- Internet speed Download 100 Mbps / Upload 40 Mbps
- Distance to the coast 29.06 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 Melton
With an average age of 48, households expect an average monthly mortgage payment of $1,300 or a weekly rent payment of $285. The average family earns a weekly income of $1,160 with a typical household size of 2.1 and a 82.73% employment rate.
Consistent high demand relative to supply is a key feature in Melton driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Melton 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 Melton 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 Melton 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 Melton 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 Melton a better buying opportunity than it may have been in the past.
Public Transport
Melton
Wyndham Vale
Tarneit
Caroline Springs
Cobblebank
Ardeer
Laverton
Rockbank
Aircraft
Hoppers Crossing
General Points of Interest
Tarneit Central Shopping Centre
Club Claremont
Manor Lakes Central Shopping Centre
Riverdale Village Town Centre
Opalia Plaza
Hogans Corner Shopping Centre
Wyndham Village Shopping Centre
Tarneit Gardens Shopping Centre
Tarneit Central Shopping Centre
Population
(Country of Birth not stated 7%)
Are people healthy?
There are a recorded 3029 asthma sufferers and 1374 people living with diabetes. In addition, 1035 people have a heart/vascular condition and 2529 people live with three or more chronic diseases.A good place to invest in property?
Melton 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
39 / 100
52 / 100
Industry
09 / 100
17 / 100
Population
36 / 100
32 / 100
House Prices
85 / 100
70 / 100
Jobs
31 / 100
34 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
-
School CatchmentsMelton Primary School Melton Secondary College
Property Story
Unit 5, 20-24 Palmerston Street, Melton, Vic, 3337 is a residential property with 2 bedrooms, 1 bathrooms and 2 Parking spaces. The estimated value of this home is $420,000. The estimated distance to the sea is 29.06km and 0.69KM 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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