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Plenty

POSTAL CODE: VIC, 3090
HOUSE

PLENTY, 3090 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in VIC have risen as a whole, pulling PLENTY, 3090 values up and netting property investors a capital gain of 4.4% for the past year.

Investors saw the median home price rise to $1,600,000.

Profits due to an downward trend in home prices in the suburb averaged -0.98% per annum over a 3-year period.

PLENTY now ranks at the 480th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in PLENTY are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of N/A based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In PLENTY, homes and units usually stay on listing for an average of N/A.

In 2016, 19 properties were sold in PLENTY during the past year, making it the 493rd most active market in VIC based on total real estate transactions.

Surburb overview

Plenty, located approximately 21 kilometres northeast of Melbourne's Central Business District, is a suburb within the Shire of Nillumbik. According to the 2021 census, it has a population of 2,575.

Plenty has public transportation, including bus services along Yan Yean Road, such as the SmartBus route 901, which connects residents to Melbourne Airport, Broadmeadows, Epping, South Morang, Greensborough, Ringwood, and Frankston. The nearest train stations are Diamond Creek and Greensborough on the Hurstbridge line and South Morang on the Mernda line.

Plenty has essential establishments such as the Plenty Fire Station, a general store, and the Plenty Hall. For shopping and dining, residents often visit nearby suburbs such as Greensborough and Diamond Creek, which offer various options.

Plenty War Memorial Park supports recreational activities. It is home to the Plenty Cricket Club, the Diamond Creek Women's Football Club, and the Greensborough Hockey Club. The Plenty Gorge Parklands, including the Yellow Gum Recreation Area and Blue Lake, offer opportunities for bushwalking, picnics, and observing local wildlife.

Plenty's housing market is characterised by separate houses, with a median property price of approximately $1,520,000. The area is primarily zoned as a Rural Conservation Zone (51.81%), a Public Conservation and Resource Zone (22.23%), and a Low-Density Residential Zone (13.75%), reflecting its semi-rural nature.

Plenty offers a semi-rural lifestyle with convenient access to essential services and recreational facilities, contributing to its appeal as a desirable suburb in Melbourne's north-east.

 

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