research

3095, Victoria

Real Estate & Property Information

Median
Price Rank
139

research Suburb Profile & Review

As a blossoming semi-rural community, Research features a curious blend of farmland and modern two-story homes. Research Park is a scenic reserve with playground and barbeque facilities.

Eltham College of Education and Research Primary School are both sizable schools catering to the area. Eltham High School is renowned for famous arts graduates, such as actress Emily Browning. The Eltham Little Theatre is a non-profit theatre organisation that fosters Research's dynamic artistic and cultural community. Sports facilities including a gymnasium, an indoor pool and a tennis court are all available for public use on Eltham College's grounds.

A range of small specialty stores including Research Licensed Supermarket can be found along Main Road. Eltham Station is five minutes from the Research town centre and offers train services directly into the inner city. Research itself is a forty minute drive from the city on the Eastern Freeway.

research Demographic Data

$ 638,500 Median House Price

38 Minutes Average Commute

41 Median Age

2,637 Population

50.59 % Female

49.41 % Male

744 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 research, Victoria.

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research 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.

research Median House Prices

  • 2008 $ 560,000
  • 2009 $ 671,000
  • 2010 $ 544,050
  • 2011 $ 605,000
  • 2012 $ 638,500

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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research 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 research 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 research property price predictions.

research Market Property Types

  • 94 % Seperate House
  • 1 % Semi Detached
  • 5 % 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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research 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.

research Income & Mortgage Stats

  • $ 1,939 Median Weekly Household Income
  • $ 1,733 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 research

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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research 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.

research Sold Property Prices

research 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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research Restaurants

  • Chicken On Charcoal @ ResearchShop 2, 1546 Main Rdresearch VIC 309503 9437 2394
  • Capone's Pizza & PastaShop 3, 1544 Main Rdresearch VIC 309503 9437 1111
  • Big Al's Pizza & Pasta1544 Main Rdresearch VIC 309503 9437 0035

research Cafes

  • Cafe Z1530 Main Rdresearch VIC 309503 9437 2022

research Schools

  • Eltham College Campus1660 Main Rdresearch VIC 3095(03) 9437 1421Private School
  • Eltham College Sporting Reserve1660 Main Rdresearch VIC 3095(03) 9437 1421Private School
  • Research Primary School1570 Main Roadresearch VIC 3095(03) 9437 1917State Primary School

research Childcare

  • Little Scooters1560 Main Rdresearch VIC 3095

research Kindergarten and Preschools

  • Eltham College Preparatory Ctr1660 Main Roadresearch VIC 3095
  • Little Scooters1560 Main Rdresearch VIC 3095
  • Research Preschool1555 Main Rdresearch VIC 3095

research Sporting Centres and Clubs

  • ECCA Tennisresearch VIC 3095Tennis Club & Courts
  • Research Tennis Clubresearch VIC 3095Tennis Club & Courts
  • ECCA Centre, Eltham Collegeresearch VIC 3095Indoor Sports Venue

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