cottles bridge

3099, Victoria

Real Estate & Property Information

Median
Price Rank
185

cottles bridge Suburb Profile & Review

Cottles Bridge is a small, rural town located one hour north-east of Melbourne. The community has been very popular with artists since the 1950s, when Clifton Ernest Pugh, a renowned Australian artist, moved there and founded the Dunmoochin Artists Society. Lovegrove Vineyard and Winery is another notable feature in the area. In addition to some startling views of the surrounding countryside, visitors to the winery also enjoy wine tastings, picnic lunches and art exhibitions.

Though the area is beyond the reach of Melbourne public transport, Hurstbridge Station is a five minute drive along Heidelberg-Kinglake Road, and from here services travel all the way into Flinders Street. Along Main Road in Hurstbridge residents will also find an IGA supermarket, organic food grocers and cafes.

Cottles Bridge is home to the Hurstbridge Learning Co-Operative Primary School, a parent-run, alternative school for primary-aged students. Hurstbridge Primary School and Arthurs Creek Primary School are also nearby, while secondary schools can be found in Diamond Creek and St Helena.

cottles bridge Demographic Data

$ 580,000 Median House Price

49 Minutes Average Commute

46 Median Age

626 Population

50.32 % Female

49.68 % Male

176 NO OF FAMILIES

2.0 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 cottles bridge, Victoria.

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cottles bridge 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.

cottles bridge Median House Prices

  • 2008 $ 450,000
  • 2009 $ 472,000
  • 2010 $ 484,000
  • 2011 $ 570,000
  • 2012 $ 580,000

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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cottles bridge 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 cottles bridge 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 cottles bridge property price predictions.

cottles bridge Market Property Types

  • 97 % Seperate House
  • 0 % Semi Detached
  • 1 % Flat or Unit
  • 2 % 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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cottles bridge 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.

cottles bridge Income & Mortgage Stats

  • $ 1,698 Median Weekly Household Income
  • $ 2,000 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 cottles bridge

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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cottles bridge 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.

cottles bridge Sold Property Prices

cottles bridge 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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cottles bridge Cafes

  • Stoneground Bakehouse798 Main Roadcottles bridge VIC 309903 9718 1128

Find out How Much your House is Worth in cottles bridge

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