taylors lakes

3038, Victoria

Real Estate & Property Information

Median
Price Rank
277

taylors lakes Suburb Profile & Review

Developed in the 80s and 90s, Taylors Lakes is full of large modern houses and expansive estates, and families who have established themselves in the area for decades. The suburb is home to Watergardens Town Centre, a major shopping complex adjoining the area's train station. It features over 240 stores including a Big W, Target, Coles, JB Hi Fi, and Hoyts cinemas. The smaller Aquagardens Shopping Centre has a Fresh Food Market and twenty specialty stores.

Metro trains running on the Sydenham line terminate at Watergardens Station, while V/Line services travelling to and from Bendigo also stopover here. Jumping on the Calder Freeway will provide you with access to the Tullamarine Freeway. From here you can reach Melbourne Airport in less than twenty minutes and the city centre in half an hour.

Taylors Lakes has several public and private schools, including Taylors Lake Secondary College and Overnewton Anglican Community College. Fitness enthusiasts will find the Lakes Health and Fitness Club to their liking on Sunshine Avenue.

taylors lakes Demographic Data

$ 467,500 Median House Price

25 Minutes Average Commute

37 Median Age

16,095 Population

49.86 % Female

50.14 % Male

4446 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 taylors lakes, Victoria.

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taylors lakes 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.

taylors lakes Median House Prices

  • 2008 $ 350,000
  • 2009 $ 392,000
  • 2010 $ 420,000
  • 2011 $ 467,500
  • 2012 $ 467,500

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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taylors lakes 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 taylors lakes 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 taylors lakes property price predictions.

taylors lakes Market Property Types

  • 96 % Seperate House
  • 4 % Semi Detached
  • 1 % 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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taylors lakes 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.

taylors lakes Income & Mortgage Stats

  • $ 1,661 Median Weekly Household Income
  • $ 1,600 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 taylors lakes

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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taylors lakes 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.

taylors lakes Sold Property Prices

taylors lakes 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.

taylors lakes Related Local Blog Posts

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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?

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

taylors lakes Restaurants

  • Watergardens Hotel431 Kings Rd taylors lakes VIC 303803 9390 6600
  • Taylors Lakes Hotel7 Melton Highwaytaylors lakes VIC 303803 9217 9500
  • Switch LifestyleWatergardens Town Centre, 399 Melton Hwy taylors lakes VIC 303803 8390 7699

taylors lakes Cafes

  • Chocolateria San ChurooWatergardens Town Centre, 399 Melton Hwytaylors lakes VIC 303803 9449 0567
  • Te Euro Deli135/399 Keilor Melton Highwaytaylors lakes VIC 303803 9390 6007
  • Cite CreperieWatergardens Shopping Centre, Shop 16/399 Melton Highwaytaylors lakes VIC 303803 9449 8188

taylors lakes Schools

  • Overnewton Anglican Community College Taylors Lakes Campus P27 - 57 Robertsons Rdtaylors lakes VIC 3038(03) 9334 0211Private School
  • Overnewton Anglican Community College Taylors Lakes Campus P27 - 57 Robertsons Rdtaylors lakes VIC 3038(03) 9334 0211Private School
  • Taylors Lakes Primary SchoolChichester Drivetaylors lakes VIC 3038(03) 9390 3388State Primary School

taylors lakes Childcare

  • Remus Way Childrens Ctr4 Remus Waytaylors lakes VIC 3038

taylors lakes Kindergarten and Preschools

  • Barbary Crescent PreschoolChichester Drivetaylors lakes VIC 3038
  • Remus Way Kindergarten4 Remus Waytaylors lakes VIC 3038
  • Taylors Lakes Kindergarten4 Cocoparra Crescenttaylors lakes VIC 3038

taylors lakes Sporting Centres and Clubs

  • Sydenham Park Sydenham Reservetaylors lakes VIC 3038Soccer Club
  • Taylors Lakes Tennis Clubtaylors lakes VIC 3038Tennis Club & Courts
  • AMF Watergardenstaylors lakes VIC 3038Tenpin Bowling

taylors lakes Retirement Villages

  • The Lakes Retirement Estatetaylors lakes VIC 3038

Find out How Much your House is Worth in taylors lakes

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