arthurs seat

3936, Victoria

Real Estate & Property Information

Median
Price Rank
246

arthurs seat Suburb Profile & Review

Located inland behind Dromana and Rosebud, Arthurs Seat is the highest point on the Mornington Peninsula. All along the Arthurs Seat Scenic Road there are lovely lookout points overlooking Port Phillip Bay. The Arthurs Hotel sits perched on top of the summit and this prominent restaurant and bar is a popular wedding venue. From its garden courtyard patrons can see some truly spectacular vineyards.

Numerous walking and mountain bike trails wind their way through the Arthurs Seat State Park. The summit can be reached by a walking track or by road, and on a clear day visitors can see the Melbourne'skyline, the You Yangs across the bay and the Port Phillip Heads.

In the Seawinds ornamental gardens you can admire sculptures by renowned Australian artist William Ricketts. A visit to the Enchanted Maze Garden will keep everyone entertained for hours. There are three hedge mazes, twenty different themed gardens, an outdoor sculpture park and four giant tube slides.

arthurs seat Demographic Data

$ 502,500 Median House Price

65 Minutes Average Commute

46 Median Age

373 Population

49.60 % Female

50.40 % Male

107 NO OF FAMILIES

1.9 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 arthurs seat, Victoria.

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arthurs seat 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.

arthurs seat Median House Prices

  • 2008 $ 342,500
  • 2009 $ 445,000
  • 2010 $ 490,000
  • 2011 $ 502,500
  • 2012 $ 502,500

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.

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arthurs seat 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in arthurs seat have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term arthurs seat property price predictions.

arthurs seat Market Property Types

  • 98 % Seperate House
  • 2 % 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.

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arthurs seat 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.

arthurs seat Income & Mortgage Stats

  • $ 1,458 Median Weekly Household Income
  • $ 2,167 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 arthurs seat

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.

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arthurs seat 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.

arthurs seat Sold Property Prices

arthurs seat 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.

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arthurs seat Restaurants

  • Solair55 Purves Rd arthurs seat VIC 393603 5981 8055
  • Arthurs Hotel790 Arthurs Seat Roadarthurs seat VIC 393603 5981 4444

arthurs seat Cafes

  • Arthurs Seat Maze55 Purves Roadarthurs seat VIC 393603 5981 8449
  • Arthurs Hotel Restaurant790 Arthurs Seat Roadarthurs seat VIC 393603 5981 4444

arthurs seat Sporting Centres and Clubs

  • Kanumera Equestrian Centrearthurs seat VIC 3936Horse Riding Club

Find out How Much your House is Worth in arthurs seat

Request a free market Basic Report for arthurs seat to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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