Thinking about buying in Tecoma? Now could not be a better time, with 1060 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,017,000 with prices in this suburb ranging from $411,000 to $2,444,000. The aproximate distance to the coast is 23 Km.
Median Weekly Rent | $398.47 |
Median Monthly Mortgage | $1841.24 |
Median Persons Per Bedroom | 0.81 |
Average Household Size | 2.94 |
Average Age | 41.18 |
Average Income | $893.24 |
Average Cars Per Dwelling | 2.04 |
Average Properties Within 50M | 9 |
1 Bed  $827,000 |
2 Bed  $727,000 |
3 Bed  $1,063,000 |
4 Bed  $1,271,000 |
5 Bed  $1,406,000 |
6 Bed+$1,065,000 |
Consistent high demand relative to supply is a key feature in Tecoma driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Tecoma ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Tecoma 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 Tecoma 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 Tecoma 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 Tecoma a better buying opportunity than it may have been in the past.
1537-1539 BURWOOD HWY, TECOMA, VIC, 3160 | For Sale $2,100,000 - $2,200,000 | ||||
1525 BURWOOD HWY, TECOMA, VIC, 3160 | For Sale $750,000 - $825,000 | ||||
SHOP 3, 1569 BURWOOD HWY, TECOMA, VIC, 3160 | For Sale $285,000 + GST |
Tecoma Primary School
St Thomas More's School
Belgrave Heights Christian School
Upwey High School
Upwey Primary School
Mater Christi College
Ferny Creek Primary School
Upwey South Primary School
Selby Primary School
(While the above schools are located with the suburb of Tecoma there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 2.1 | 13.1 | 24.6 | 43.5 | 90.7 | 1.8 | 23.4 |
Feb | 2.4 | 13.1 | 24.1 | 44.7 | 90.3 | 1.7 | 19.7 |
Mar | 2.7 | 12.1 | 21.2 | 50.5 | 90.7 | 1.6 | 14.6 |
Apr | 4.0 | 9.8 | 16.7 | 59.8 | 91.8 | 1.4 | 10.9 |
May | 4.3 | 7.7 | 12.8 | 67.1 | 92.3 | 1.5 | 7.1 |
Jun | 3.6 | 5.8 | 10.4 | 72.4 | 94.3 | 1.5 | 6.5 |
Jul | 3.7 | 5.2 | 9.7 | 71.5 | 94.2 | 1.9 | 6.7 |
Aug | 4.1 | 5.0 | 10.6 | 64.9 | 93.7 | 1.8 | 9.0 |
Sept | 3.3 | 6.8 | 13.9 | 57.2 | 92.5 | 1.7 | 13.4 |
Oct | 3.3 | 8.6 | 17.6 | 51.9 | 91.9 | 1.7 | 17.7 |
Nov | 4.1 | 9.7 | 19.5 | 48.7 | 94.0 | 1.6 | 21.0 |
Dec | 2.1 | 11.6 | 22.6 | 46.4 | 91.4 | 1.6 | 24.5 |
source: Australian Government Bureau of Meteorology
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