noble park north

3174, Victoria

Real Estate & Property Information

Price Rank

noble park north Suburb Profile & Review

Noble Park North is a vibrant multicultural suburb north-west of Dandenong. Before it was settled, the area was used to demonstrate explosives developed by Alfred Nobel. For a time it was known as Nobel Park in his honour, until the name was eventually changed.

Noble Park Station benefits from two train lines, Cranbourne and Pakenham, which means residents rarely have to wait long for a train into the city. The station is located at the end of the Noble Park Shopping Precinct, a convenient and colourful strip featuring a supermarket, specialised grocery stores for different cultural groups, a chemist, beauty stores and clothing shops. Sports lovers have no difficulty finding something to suit them: the Noble Park Aquatic Centre on Memorial Drive features Melbourne's biggest water slide and state-of-the-art indoor leisure facilities. Noble Park Reserve and Ross Reserve have room for soccer, cricket, football, tennis and lawn bowls. The iconic Sandown Raceway, which has hosted some of the city's greatest motorsport events, is minutes away in Springvale.

There are many public and private schools in the area, including Noble Park Secondary College, Nazareth College and Carwatha College. Academy Award winner Adam Elliot attended school at Carwatha College.

noble park north Demographic Data

$ 395,000 Median House Price

26 Minutes Average Commute

38 Median Age

7,390 Population

49.82 % Female

50.18 % Male




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 noble park north, Victoria.

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noble park north 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.

noble park north Median House Prices

  • 2008 $ 280,000
  • 2009 $ 314,500
  • 2010 $ 350,000
  • 2011 $ 415,000
  • 2012 $ 395,000

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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noble park north 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 noble park north 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 noble park north property price predictions.

noble park north Market Property Types

  • 92 % Seperate House
  • 2 % 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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noble park north 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.

noble park north Income & Mortgage Stats

  • $ 1,057 Median Weekly Household Income
  • $ 1,425 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 noble park north

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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noble park north 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.

noble park north Sold Property Prices

noble park north 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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noble park north Schools

  • Nazareth CollegeManning Drivenoble park north VIC 3174(03)9795 8100Catholic Secondary School
  • Al-Kamal Arabic SchoolÊ180 Jacksons Rdnoble park north VIC 3174(03) 9795 9509Private School
  • Carwatha Primary School43 - 81 Browns Roadnoble park north VIC 3174(03) 9795 5848State Primary School

noble park north Childcare

  • Top Start CC352 Princes Hwynoble park north VIC 3174

noble park north Sporting Centres and Clubs

  • Lyndale Football Clubnoble park north VIC 3174Football Club
  • Heritage, Barry Powell Resnoble park north VIC 3174Tennis Club & Courts
  • Powell Reservenoble park north VIC 3174Tennis Club & Courts

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