Lower Plenty

POSTAL CODE: VIC, 3093

HOUSE

UNIT

Property investors have seen a -0.84% drop in LOWER PLENTY based on a decrease in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains LOWER PLENTY, 3093 saw average growth in the long term.

The VIC suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,470,000

Profits averaged 6% per annum over a 3-year period, due to an upward trend in home prices in LOWER PLENTY, 3093.

This means, real estate investors could earn a rental income of $750 based on current median home prices for the suburb.

The gross rental yield in LOWER PLENTY, 3093 is 2.65%.

An average of 2.83 real estate transactions take place per month in LOWER PLENTY which translates to 34 per annum.

Property investments in LOWER PLENTY did not fare well against the rest of the country last year, registering a median home price decrease of -5.67%.

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

Based on its average 5-year and quarterly capital gains LOWER PLENTY, 3093 saw average growth in the long term.

This means, real estate investors could earn a rental income of $465 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In LOWER PLENTY, homes and units usually stay on listing for an average of 51.2 days.

the VIC suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $715,000

Investors saw the median home price rise to $715,000.

LOWER PLENTY ranks 362nd on the list of best yielding suburbs for rental properties in VIC, posting a 3.38% return.

Surburb overview

Lower Plenty is a suburb within the City of Banyule, located approximately 16 kilometres northeast of Melbourne's Central Business District. According to the 2021 census, it has 3,962 residents.

Public transportation options in Lower Plenty are limited. The suburb does not have a train station; however, nearby stations such as Montmorency and Heidelberg on the Hurstbridge line provide access to Melbourne's CBD. Bus services are available but may not be as frequent as in more urban areas.

Lower Plenty offers a modest selection of local amenities, including a primary school, scout hall, and the popular Lower Plenty Hotel. Residents often visit neighbouring suburbs such as Eltham and Greensborough for more extensive shopping and dining options.

The suburb is renowned for its natural beauty. It features the Yarra and Plenty rivers and numerous cycling and walking trails that meander through bushland settings. These trails connect residents to various parts of Melbourne, including the city centre, Greensborough, Montmorency, Templestowe, and Doncaster. Additionally, Lower Plenty is home to the Heidelberg and Rosanna Golf Clubs, which cater to golf enthusiasts.

Lower Plenty is characterised by low-density residential development. Many large homestead-style homes are situated on expansive blocks from the roads. The median house price is approximately $1,455,000, reflecting the suburb's affluent nature.

Lower Plenty offers a tranquil, nature-focused lifestyle with convenient access to essential services and recreational facilities, making it an appealing suburb in Melbourne's north-east.

You’re out of free articles for this month

Username or Email

Password Forgot password?

Keep me signed in on this device.

First Name

Last Name

Mobile

Organisation Type

By becoming a member, I agree to receive information and promotional messages from Smart Property Investment. I can opt out of these communications at any time. For more information, please visit our Privacy Statement.

Need help signing up? Visit the Help Centre.

Loading form...

Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,470,000	$715,000
Growth Report
Median Quarterly	-0.84%	1.74%
Median 12 month	9.29%	-5.67%
Median 3 years	18.55%	-1.11%
Median 5 years	42.37%	13.49%
10 years average annual	7.52%	4.14%
Weekly media advert. rent	$750	$465
Time on Market	70.1 days	51.2 days
Gross Rental Yield Percent	2.65%	3.38%

Demographics (Median Values)*

Total Population 3891

Weekly Household Income 1822

Household Size 2.60

Average Age 43

Monthly Loan Repayment 2054

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

Select a category

Age group

Top 10 Birth Countries

Dwelling Structures

Education

Household Income

Labour Force

Marital Status

Occupation

Religious Affiliation

Tenure Type