plenty
3090, Victoria
Real Estate & Property Information
plenty Suburb Profile & Review
Bordered by the Plenty River and off-set by 'Blue Lake', a beautiful swimming spot in the middle of Yellow Gum Park, Plenty is known for its abundant wildlife. Spectacular views can be seen from Goldsworthy Lane and the Plenty Gorge Parklands. Still relatively untouched by housing developments, Plenty is characterised by large lots and a semi-rural atmosphere.
Sports facilities are available at Plenty Park, where you will find an oval for football and cricket, a hockey field, tennis courts and basketball courts. For groceries and takeaway food, there is the Plenty General Store, while Greensborough Plaza is a mere seven minute drive along Yan Yean Road.
The closest train stations are Diamond Creek and Greensborough, which both offer services to Flinders Street on the Hurstbridge line, while commuters can travel to the city along the Greensborough Highway in under forty minutes. Two metropolitan bus routes run along Yan Yean Road, and a Smartbus travelling to Melbourne Airport departs from the Plenty Fire Station every fifteen minutes.
plenty Demographic Data
$ 760,000 Median House Price
36 Minutes Average Commute
38 Median Age
2,093 Population
50.45 % Female
49.55 % Male
559 NO OF FAMILIES
2.2 AVG CHILDREN PER FAMILY
0.9 AVG MOTOR VEHICLE PER DWELLING
What this means
The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in plenty, Victoria.
Learn more about data
X
plenty Demographic Data
The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.
It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.
What this means
Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.
Learn more about data
plenty Market Property Types
- 99 % Seperate House
- 1 % Semi Detached
- 0 % Flat or Unit
- 0 % Other Dwelling
What this means
The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.
Learn more about data
X
plenty Market Property Types
Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.
This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.
plenty Income & Mortgage Stats
- $ 2,194 Median Weekly Household Income
- $ 2,333 Median Monthly Mortgage
What this means
This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in plenty
Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.
Learn more about data
X
plenty Income & Mortgage Stats
To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%
Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.
plenty Sold Property Prices
12 Bunyip Court
12 BUNYIP COURT
8 Park Avenue
Lot 12 , 8 Park Avenue
8 McLaughlans Lane
14 MCLAUGHLANS LANE
plenty Real Estate Experts
In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.
plenty Related Local Blog Posts
This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….
There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?
Melbourne Auction Results 11th of September 2017 73% Clearance Rate 836 Reported Auctions Sold at Auction: 523 Passed in: 194 Sold Before: 99 Sold After: 0 Postponed 14 Source:REIV Melbourne Market Wrap March 11th September , 2017 The REIV reported 836 properties
According to Population Estimates and Forecasts report nearly one million people will be visiting Melbourne on an average weekday within the next five years
Australia’s political parties are using housing affordability as a platform to boost their popularity and polarise the community, but is this a local issue? Low interest rate cycles globally have pushed asset prices up, so how will this affect our market?
The latest unemployment figure releases last week show the Australian economy is growing but is this true? We scratch the surface and look at the problem with our wage growth, our youth unemployment and why many households are suffering mortgage stress.
plenty Restaurants
- Cielo Blue206 Yan Yean Roadplenty VIC 309003 9436 1866
plenty Sporting Centres and Clubs
- Plenty Tennis Clubplenty VIC 3090Tennis Club & Courts
- Plenty Views Golf Parkplenty VIC 3090Golf Driving Ranges
Find out How Much your House is Worth in plenty
Request a free market Basic Report for plenty to get a general idea of property prices in your area,
or a more specific CMA Report for the property you own.
Download Free Market Report