Thinking about buying in The Patch? Now could not be a better time, with just 465 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,219,000 with prices in this suburb ranging from $250,000 to $2,899,000. The aproximate distance to the coast is 29 Km.
Median Weekly Rent | $386.67 |
Median Monthly Mortgage | $2029.00 |
Median Persons Per Bedroom | 0.77 |
Average Household Size | 2.67 |
Average Age | 45.00 |
Average Income | $843.33 |
Average Cars Per Dwelling | 2.12 |
Average Properties Within 50M | 4 |
1 Bed  $735,000 |
2 Bed  $892,000 |
3 Bed  $1,080,000 |
4 Bed  $1,392,000 |
5 Bed  $1,843,000 |
6 Bed+$1,671,000 |
Consistent high demand relative to supply is a key feature in The Patch driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in The Patch 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 The Patch provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in The Patch necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in The Patch 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 The Patch a better buying opportunity than it may have been in the past.
42 THE PATCH ROAD, THE PATCH, VIC, 3792 | 4 | 1 | 1 | Price Guide: $790,000 - $869,000 |
The Patch Primary School
Monbulk Primary School
Kallista Primary School
St Paul's School
Monbulk College
Menzies Creek Primary School
(While the above schools are located with the suburb of The Patch 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
Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!