lysterfield
3156, Victoria
Real Estate & Property Information
lysterfield Suburb Profile & Review
Lysterfield sits below the Dandenong Ranges in Melbourne's south-east. The suburb is partially rural and partially residential, and due to the proximity of Knox Shopping Centre, sprawling parkland and Lysterfield Primary School, it is very popular with families. Carrington Estate is a large housing development in the northern corridor containing some of the area's most prestigious real estate.
Lysterfield Park is a well-known and beautiful attraction. There are facilities for sailing, swimming, paddle boating and canoeing, as well as sedate activities like picnicking and hiking. The area's steep and exciting bike trail network was used for the 2006 Commonwealth Games cross-country mountain bike competition.
The suburb's semi-rural nature is reflected in the presence of several alpaca and vegetable farms, equestrian trails and horse riding schools. There is also a religious facility that caters to parish groups, students and adults called the Salesians Retreat Centre.
lysterfield Demographic Data
$ 642,500 Median House Price
35 Minutes Average Commute
36 Median Age
6,551 Population
50.47 % Female
49.53 % Male
1765 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 lysterfield, Victoria.
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lysterfield 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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lysterfield Market Property Types
- 100 % Seperate House
- 0 % Semi Detached
- 0 % 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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lysterfield 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.
lysterfield Income & Mortgage Stats
- $ 2,101 Median Weekly Household Income
- $ 2,000 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 lysterfield
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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lysterfield 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.
lysterfield Sold Property Prices
17 Sommersby Court
35 Grange Drive
19 HERMAN COURT
9 GLEESON AVENUE
8 Grange Drive
1/31 Bellfield Drive
lysterfield 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.
lysterfield Related Local Blog Posts
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lysterfield Schools
- Lysterfield Primary SchoolBellfield Drivelysterfield VIC 3156(03) 9752 7953State Primary School
lysterfield Sporting Centres and Clubs
- Lysterfield Sailing Clublysterfield VIC 3156Boating Club
- Lysterfieldlysterfield VIC 3156Cricket Club
- Yarra Pistol Clublysterfield VIC 3156Gun Club
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