sebastopol
3356, Victoria
Real Estate & Property Information
sebastopol Suburb Profile & Review
Sebastopol is a large suburb in Ballarat's southern fringe that is comprised of residential houses and light industrial businesses. It is located less than ten minutes from the city centre along the Midland Highway.
Schools include Phoenix P12 Community College and Sebastopol Primary School, which have both serviced families in the region for decades. Three different supermarkets can be found along Albert Street. The Safeway Complex is also home to a pharmacy, a small array of cafes, a bank and a hairdresser.
Sports teams play at the Marty Busch Memorial Sporting Complex, where there is a velodrome, a football field, cricket grounds and netball courts. The Sebastopol Vikings Soccer Club has its home field at St Georges Reserve.
sebastopol Demographic Data
$ 227,750 Median House Price
83 Minutes Average Commute
36 Median Age
9,399 Population
52.61 % Female
47.39 % Male
2322 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 sebastopol, Victoria.
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sebastopol 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.
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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sebastopol Market Property Types
- 76 % Seperate House
- 3 % Semi Detached
- 21 % 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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sebastopol 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.
sebastopol Income & Mortgage Stats
- $ 764 Median Weekly Household Income
- $ 1,202 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 sebastopol
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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sebastopol 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.
sebastopol Sold Property Prices
37 ROWLANDS STREET
105 YARROWEE STREET
37 Rowlands Street
16 CROWN ST
207 Albert Street
143 WALKER STREET
sebastopol 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.
Agents Coming Soon
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