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mooroolbark
3138, Victoria
Real Estate & Property Information
Median
Price Rank 309
Price Rank 309
mooroolbark Suburb Profile & Review
Mooroolbark, which received its name from the local Wurundjeri Aboriginal population, is a large residential area near Lilydale and Croydon. It is only forty minutes away from the Melbourne CBD, and as a result many locals choose to commute from Mooroolbark Station on the Lilydale train line. The station's parking facilities are quite expansive, accommodating residents from surrounding suburbs as well. The main shopping district, which features two supermarkets and a number of food and retail outlets, can be found on Brice Avenue and Manchester Road. Highly ranked private school Billanook College is just one of eleven schools in the region.
The suburb held the first Blue Light Disco back in 1976. This was an initiative that created a safe space for under-age people to socialise, and it developed into a nationwide program. Most likely stemming from this, the area has strict alcohol-free policies in its streets.
The Mooroolbark Community Centre is known for its beautiful mosaics, and for a street art representation of Edna Walling, the township's most famous and beloved citizen who was a 20th century landscape designer. The centre aims to bring residents together with different kinds of cultural activities, such as performance art, workshops and visual art exhibitions. 'Celebrate Mooroolbark' is a festival held every year in March which includes a street parade, stalls and rides.
Invest/Buy/Sell Checklist
Research
- 7 Tips On How To Buy/Sell
- Property/Suburb Report
- Buyer/Vendor Advocacy
- Finance Strategy & Lending
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Buyer/Vendor Advocacy Enquiry
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Finance Strategy & Lending Enquiry
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Obtain personalised service you can’t find at a bank. Educate yourself about the financial issues involved with buying and selling a property by speaking to a qualified finance broker. They will advise you regarding the best finance options available to you. They can also discuss methods to create wealth and improve your cash-flow.
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Due Diligence
- Ownership Structure
- Property Valuation
- Rental Appraisal
- Sale Contract Review
- Building & Pest Inspection
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Ownership Structure Enquiry
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Property Valuation Enquiry
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Rental Appraisal Enquiry
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Sale Contract Review Enquiry
Check your Contracts Before Making an Offer
If you are serious about purchasing or selling a property with the least hassle then you should engage the services of a reputable conveyancer or lawyer who specialises in property. Have your contracts looked over before buying your next dwelling, for any possible concerns like easements, titles and any caveats, body corporate rules, zoning and planning potential issues.
What is Conveyancing?
Conveyancing is the term used to describe the way that a title, rights or interest in land is legally transferred from one person to another.
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Building & Pest Inspection Enquiry
Understand the Condition of Your Property Before You Buy
Avoid any nasty surprises before purchasing your property. Request a building and pest inspection report. This report will tell you everything you need to know about the condition of the property, including interior and exterior defects, termite activity and the presence of environmental dangers such as asbestos.
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Post Purchase
- Landlords Insurance
- Depreciation Schedule
- 1. Capital works allowance (Division 43) Takes into account the construction costs of the building itself, such as concrete and brickwork
- 2. Plant and equipment (Division 40) A deduction available for removable assets identified by the ATO that depreciate at a faster rate than the building eg carpet, dishwasher, blinds, ovens.
- Removalist
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Landlords Insurance Enquiry
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Buying an investment property for the first time? Concerned about tenants damaging your property, rental loss or losing your job and being unable to pay your mortgage?
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Depreciation Schedule Enquiry
What is a Depreciation Schedule?
A depreciation schedule of your investment prepared by a Quantity Surveyor for the purpose of claiming against your taxable income. There are two main elements taken into account when preparing this report.
Tax Depreciation Calculator
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Removalist Enquiry
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Take the stress out of relocating by getting in touch with an efficient and qualified removalist team. Professional removalists can help you with packing, loading and unloading during your local or interstate move.
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Adding value
- Planning & Permits
- Trades
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Planning & Permits Enquiry
Find Out Whether Your Property Has Development Potential
Would you like to find out whether your property is subdividable and if you can increase the value of your property by obtaining plans and permits? Or you are looking to extend or renovate your new purchase and need plans and permits?
Our property development experts review whether your property is suitable for development. They carry out the due diligence on the development potential of your property, look at the options available to you (fully costed and assessed), discuss a development strategy, prepare plans to submit to a town planner and local council, and work through applications to achieve town planning approval.
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Trades Enquiry
Find a Qualified Local Tradesperson
Finding a qualified and reputable local tradesperson can be a hassle, whether you’re looking for an electrician, carpenter, plumber, builder, handyman, gardener or carpet cleaner. Be connected with the right tradesperson today.
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mooroolbark Demographic Data
$ 431,000 Median House Price
39 Minutes Average Commute
35 Median Age
20,689 Population
50.36 % Female
49.64 % Male
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 mooroolbark, Victoria.
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mooroolbark 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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mooroolbark 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 mooroolbark 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 mooroolbark property price predictions.
mooroolbark Market Property Types
- 96 % Seperate House
- 1 % Semi Detached
- 3 % 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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mooroolbark 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.
mooroolbark Income & Mortgage Stats
- $ 1,361 Median Weekly Household Income
- $ 1,746 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 mooroolbark
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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mooroolbark 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.
mooroolbark Sold Property Prices
48 MCDERMOTT AVENUE
94 BRICE AVE
7 HIGHLEIGH COURT
53A LANCASTER ROAD
70 BELLARA DRIVE
51 PEMBROKE ROAD
mooroolbark 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.
mooroolbark Related Local Blog Posts
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mooroolbark Restaurants
- Wot a Kebab3/191 Hull Rd mooroolbark VIC 313803 9725 5135
- Tulky's Cafe & Bar48 Manchester Rd mooroolbark VIC 313803 9727 4266
- Tandoori Plaza38-42 Manchester Road mooroolbark VIC 313803 9726 4313
mooroolbark Cafes
- Phil's Bakehouse and Cafe63 Brice Avenuemooroolbark VIC 313803 9726 5011
- Sweet Welcome36 Brice Avenuemooroolbark VIC 313803 9727 1740
- Moo Wine Cafe9/91 Brice Avenuemooroolbark VIC 313803 9726 4711
mooroolbark Schools
- St. Peter Julian Eymard Primary School32 Reay Roadmooroolbark VIC 3138(03) 9725 0595Catholic Primary School
- Billanook College197 Cardigan Roadmooroolbark VIC 3138(03) 9725 5388Private School
- Yarralinda School4 Birchwood Drivemooroolbark VIC 3138(03) 9727 3032Private School
mooroolbark Childcare
- Busy Kids Child Care Centre7 Croydondale Drmooroolbark VIC 3138
- ABC Learning Centre11 Cambridge Rdmooroolbark VIC 3138
- Mooroolbark Early Childhood Education Centre 8 Charles Stmooroolbark VIC 3138
mooroolbark Kindergarten and Preschools
- ABC Learning Centre11 Cambridge Rdmooroolbark VIC 3138
- Bimbadeen Preschool25 Bimbadeen Drmooroolbark VIC 3138
- Gray Court PreschoolGray Courtmooroolbark VIC 3138
mooroolbark Sporting Centres and Clubs
- Mooroolbarkmooroolbark VIC 3138Bowling Club
- Billanook Collegemooroolbark VIC 3138Tennis Club & Courts
- Kiloran Park, Mooroolbark Tennis Clubmooroolbark VIC 3138Tennis Club & Courts
Find out How Much your House is Worth in mooroolbark
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