moonee ponds

3039, Victoria

Real Estate & Property Information

Median
Price Rank
74

moonee ponds Suburb Profile & Review

Popularly known as the home of Barry Humphries's fictional Dame Edna Everage character, Moonee Ponds is a vibrant suburb just fifteen minutes north-west of the city centre. One of Melbourne's largest and most popular horse-racing tracks is the Moonee Valley Racecourse, where the Cox Plate is held every October.

The former Essendon Town Hall has been re-established as the Clocktower Centre, a performing arts theatre and function hall. The creation of this centre has provided a great space for community arts projects, and it is conveniently located at the Moonee Ponds Junction on Mount Alexander and Pascoe Vale roads. Shopping facilities can be found at Moonee Ponds Central, where residents have access to a Coles supermarket and a Kmart in addition to a number of specialty stores.

Moonee Ponds Station is located on the Craigieburn line and trains take less than twenty minutes to reach Flinders Street Station. Tram route 82 ends at the Moonee Ponds Junction, and route 59 continues past this point on to Airport West. There are over ten bus routes that terminate at this junction and serve the area. Moonee Valley has three primary schools: Moonee Ponds West Primary School, St Monica's Primary School and Moonee Ponds Central School. There are a number of other reputable schools in the greater area.

moonee ponds Demographic Data

$ 790,500 Median House Price

16 Minutes Average Commute

37 Median Age

13,532 Population

51.82 % Female

48.18 % Male

3402 NO OF FAMILIES

1.8 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 moonee ponds, Victoria.

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moonee ponds 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.

moonee ponds Median House Prices

  • 2008 $ 629,500
  • 2009 $ 646,875
  • 2010 $ 665,000
  • 2011 $ 852,500
  • 2012 $ 790,500

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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moonee ponds 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 moonee ponds 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 moonee ponds property price predictions.

moonee ponds Market Property Types

  • 62 % Seperate House
  • 13 % Semi Detached
  • 25 % Flat or Unit
  • 1 % 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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moonee ponds 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.

moonee ponds Income & Mortgage Stats

  • $ 1,608 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 moonee ponds

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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moonee ponds 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.

moonee ponds Sold Property Prices

moonee ponds 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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Where is The Property Market Heading?

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?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

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moonee ponds Restaurants

  • The Iliad346 Ascot Vale Roadmoonee ponds VIC 303903 9326 1215
  • Smoken Joes680 Mt Alexander Rdmoonee ponds VIC 303903 9370 4888
  • Magic Mint Cafe9 Hall St moonee ponds VIC 303903 9326 1646

moonee ponds Cafes

  • Dan DansShop 6, Moonee Ponds Shopping Centre, 20 Homer Street moonee ponds VIC 303903 9375 7555
  • Piccina Espresso Stop5 Norwood Crescent moonee ponds VIC 303904 2337 7107
  • Scudela37 Puckle Street moonee ponds VIC 303903 9370 0525

moonee ponds Schools

  • St. Monicas Primary School20 Robinson Streetmoonee ponds VIC 3039(03) 9375 1132Catholic Primary School
  • Penleigh & Essendon Grammar Penleigh Campus (girls)83 Park Streetmoonee ponds VIC 3039(03) 9016 2000Private School
  • Moonee Ponds Central Primary School87 Wilson Stmoonee ponds VIC 3039(03) 9375 2511State Primary School

moonee ponds Childcare

  • ABC Learning CentreCnr Holmes Rd & Chester Stmoonee ponds VIC 3039

moonee ponds Kindergarten and Preschools

  • Kinder HavenPascoe Vale Rdmoonee ponds VIC 3039

moonee ponds Sporting Centres and Clubs

  • Moonee Pondsmoonee ponds VIC 3039Bowling Club
  • Moonee Valleymoonee ponds VIC 3039Bowling Club
  • Maribyrnong Park Tennis Clubmoonee ponds VIC 3039Tennis Club & Courts

moonee ponds Retirement Villages

  • Ardmillan Place moonee ponds VIC 3039

Find out How Much your House is Worth in moonee ponds

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