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the basin
3154, Victoria
Real Estate & Property Information
Median
Price Rank 348
Price Rank 348
the basin Suburb Profile & Review
In the foothills of the Dandenong Ranges National Park you will find The Basin, a tranquil forest-covered area. Early European settlers, inspired by their surroundings, established remarkable nurseries and market gardens, and several historic properties remain standing there today. One, Como Gardens, is open twice a year to visitors and boasts a motor museum, a miniature steam train, stalls, a lake and a garden of unique plants.
The Salvation Army has a farm in the area once used to rehabilitate young boys and the facility now hosts school camps and conferences. Another notable landmark is the Sri Vakratunda Vinayaka Temple, a traditional Hindu temple set in the middle of the bush. The Basin Triangle is a grassy haven in the centre of The Basin, opposite a small group of shops and restaurants on Mountain Highway. Every year the Basin Music Festival is held at this site.
There are two primary schools, The Basin Primary School and St Bernadette's Catholic Primary School. For sports and leisure, locals join the town's two tennis clubs or the football team. An amateur theatre group also conducts four productions a year at The Basin Theatre. Commuters can catch express trains to the city from Boronia Station, which is located only eight minutes away by car.
Invest/Buy/Sell Checklist
Research
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Finance Strategy & Lending Enquiry
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Due Diligence
- Ownership Structure
- Property Valuation
- Rental Appraisal
- Sale Contract Review
- Building & Pest Inspection
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Sale Contract Review Enquiry
Check your Contracts Before Making an Offer
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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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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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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.
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Removalist Enquiry
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Adding value
- Planning & Permits
- Trades
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Planning & Permits Enquiry
Find Out Whether Your Property Has Development Potential
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Trades Enquiry
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the basin Demographic Data
$ 405,000 Median House Price
41 Minutes Average Commute
37 Median Age
4,229 Population
49.73 % Female
50.27 % 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 the basin, Victoria.
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the basin 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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the basin 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 the basin 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 the basin property price predictions.
the basin Market Property Types
- 96 % Seperate House
- 2 % 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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the basin 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.
the basin Income & Mortgage Stats
- $ 1,454 Median Weekly Household Income
- $ 1,652 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 the basin
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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the basin 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.
the basin Sold Property Prices
16 Inverness Avenue
10 Mercia Avenue
2/89 Arcadia Avenue
16 GOLDEN GROVE
113 INVERNESS AVENUE
1 Frances Street
the basin 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.
the basin Related Local Blog Posts
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the basin Restaurants
- Thai Square Restaurant381 Forest Roadthe basin VIC 315403 9762 3763
- Acorn on Forest375 Forest Rd the basin VIC 315403 9762 8668
the basin Cafes
- Svaks1325 Mountain Highwaythe basin VIC 315403 9761 1617
- The Chocolate Dragonfly Cafe1317 Mountain Highwaythe basin VIC 315403 9762 0416
the basin Schools
- St. Bernadettes Primary School1264 Mountain Highwaythe basin VIC 3154(03) 9762 5135Catholic Primary School
- Christadelphian Heritage College Melbourne16 Clevedon RoadÊthe basin VIC 3154(03) 9739 8126Private School
- The Basin Primary SchoolMountain Highwaythe basin VIC 3154(03) 9762 1256State Primary School
the basin Childcare
- Goodwin Estate Pre Kinder18 Rome Beauty Avthe basin VIC 3154
the basin Kindergarten and Preschools
- Goodwin Estate KindergartenRome Beauty Avthe basin VIC 3154
- The Basin 3 Year Old Group385 Forest Rdthe basin VIC 3154
- The Basin Preschool385 Forest Rdthe basin VIC 3154
the basin Sporting Centres and Clubs
- Batterham Park Tennis Clubthe basin VIC 3154Tennis Club & Courts
- The Basinthe basin VIC 3154Tennis Club & Courts
Find out How Much your House is Worth in the basin
Request a free market Basic Report for the basin to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.
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