lower plenty

3093, Victoria

Real Estate & Property Information

Median
Price Rank
171

lower plenty Suburb Profile & Review

Bordered by the iconic Plenty and Yarra rivers, this historic area is dominated by large homesteads and winding country roads. Lower Plenty is renowned for its nature trails, such as the Main Yarra Trail and the Plenty River Trail, which reveal the sheer beauty of the area but also connect cyclists to the Docklands, Greensborough, Montmorency, Templestowe and Doncaster.

Residents of Lower Plenty enjoy a slice of country life only thirty minutes from the inner city. Ample space allows for a secluded 18-hole golf course at Heidelberg Golf Club, while enthusiasts can also venture to the nearby Rosanna Golf Club on Cleveland Avenue. A small range of bustling cafes and restaurants line Main Road, such as Margherita Pizza and Pasta and La Cascatas Steakhouse.

Lower Plenty Primary School boasts intimate class sizes and outstanding test scores, while reputable high schools can be found a short distance away in Montmorency and Greensborough. La Trobe University and RMIT University campuses are both a fifteen minute drive away in Bundoora.

lower plenty Demographic Data

$ 600,000 Median House Price

29 Minutes Average Commute

42 Median Age

3,782 Population

51.72 % Female

48.28 % Male

991 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 lower plenty, Victoria.

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lower 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.

lower plenty Median House Prices

  • 2008 $ 475,000
  • 2009 $ 590,000
  • 2010 $ 623,500
  • 2011 $ 645,000
  • 2012 $ 600,000

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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lower plenty 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 lower plenty 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 lower plenty property price predictions.

lower plenty Market Property Types

  • 72 % Seperate House
  • 22 % Semi Detached
  • 6 % 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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lower 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.

lower plenty Income & Mortgage Stats

  • $ 1,588 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 lower 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.

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lower 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.

lower plenty Sold Property Prices

lower 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.

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lower plenty Restaurants

  • Suwan Thai Restaurant82 Main Rdlower plenty VIC 309303 9432 0295
  • Margherita89 Main Rdlower plenty VIC 309303 9434 4980
  • Lower Plenty Hotel - Bistro4 Main Roadlower plenty VIC 309303 9435 1722

lower plenty Cafes

  • Lunch & Latte93 Main Roadlower plenty VIC 309303 9435 1215

lower plenty Schools

  • Lower Plenty Primary SchoolMain Roadlower plenty VIC 3093(03) 9435 2585State Primary School

lower plenty Childcare

  • Mission Australia ELC42 Main Roadlower plenty VIC 3093

lower plenty Kindergarten and Preschools

  • Lower Plenty KindergartenGlenauburn Rdlower plenty VIC 3093
  • Mission Australia ELC42 Main Roadlower plenty VIC 3093

lower plenty Sporting Centres and Clubs

  • Doncaster, Glenauburn Parklower plenty VIC 3093Baseball Club
  • Heidelberg Golf Clublower plenty VIC 3093Bowling Club
  • Heidelberglower plenty VIC 3093Golf Course

lower plenty Retirement Villages

  • Banksia Placelower plenty VIC 3093
  • Chatsworth Terracelower plenty VIC 3093

Find out How Much your House is Worth in lower plenty

Request a free market Basic Report for lower plenty 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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