noble park

3174, Victoria

Real Estate & Property Information

Median
Price Rank
348

noble park Suburb Profile & Review

Noble Park 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 suburb, including Noble Park Secondary College, Nazareth College and Carwatha College. Academy Award winner Adam Elliot attended school at Carwatha College.

noble park Demographic Data

$ 405,000 Median House Price

32 Minutes Average Commute

35 Median Age

28,377 Population

49.61 % Female

50.39 % Male

7400 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 noble park, Victoria.

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noble park 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 Median House Prices

  • 2008 $ 284,150
  • 2009 $ 317,000
  • 2010 $ 350,000
  • 2011 $ 415,000
  • 2012 $ 405,000

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 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 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 property price predictions.

noble park Market Property Types

  • 57 % Seperate House
  • 10 % Semi Detached
  • 33 % 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 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 Income & Mortgage Stats

  • $ 901 Median Weekly Household Income
  • $ 1,500 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

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 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 Sold Property Prices

noble park 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.

noble park Related Local Blog Posts

Immigrants Are Pushing House Prices Higher

Much of Australia’s history and success has been built on the back immigration but are the current intake levels too high and how are they impacting prices?

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

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?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

noble park Restaurants

  • Safari African Restaurant3 Ian Streetnoble park VIC 317403 9562 4425
  • Pita Lounge Restaurant266 Railway Parade noble park VIC 317403 8502 6920
  • Noble Calzones238 Railway Parade noble park VIC 317403 9791 2699

noble park Cafes

  • Bloom Cafe45 Douglas Streetnoble park VIC 317403 9540 8113
  • Huong Dien Cafe Restaurant1/49 Douglas Streetnoble park VIC 317403 9547 7091
  • Noble Calzones and Pasta238 Railway Paradenoble park VIC 317403 9791 2699

noble park Schools

  • Noble Park English Language School21-35 Thomas Streetnoble park VIC 3174(03) 9546 9578Adult Multicultural Education Service
  • St. Anthonys Primary School90 Buckley Streetnoble park VIC 3174(03) 9546 0044Catholic Primary School
  • Noble Park SDS41-43 Callander Roadnoble park VIC 3174(03) 9546 7666Specialist School

noble park Childcare

  • ABC Learning CentreCnr Douglas & Thomasnoble park VIC 3174
  • Chip'n'dale Child Care Centre34 Bowmore Roadnoble park VIC 3174
  • Kinderworld Day Care Centre27 Dunblane Roadnoble park VIC 3174

noble park Kindergarten and Preschools

  • Harrisfield Kindergarten62 Bowmore Roadnoble park VIC 3174
  • Heatherhill Kindergarten101 Noble Streetnoble park VIC 3174
  • Minaret Preschool Centre18 Leonard Avenuenoble park VIC 3174

noble park Sporting Centres and Clubs

  • Little Athletics Centres, Springvale, Ross Reservenoble park VIC 3174Athletics Club
  • Springvale/Noble Park, Ross ReserveMemorial Drnoble park VIC 3174Athletics Club
  • Noble ParkFrank Stnoble park VIC 3174Tennis Club & Courts

Find out How Much your House is Worth in noble park

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