A future growth precinct — City of Melton (long-term planning)

Market

The numbers behind Harkness.

Bulmans Road has no sales history of its own — it is a future precinct. The picture below uses the host suburb of Harkness from the ABS Census 2021, plus clearly labelled modelled estimates.

Population

12,463

Households

3,763

Private dwellings

3,921

Median age

30

Average household size

3.1

Median household income

$91,104

Owner-occupied

70.7%

Source: Australian Bureau of Statistics, Census of Population and Housing 2021 — suburb of Harkness (SAL). Licensed under CC BY 4.0.

Modelled estimates

Estimates, clearly labelled.

These two figures are modelled by HALP for the surrounding market. They are not published statistics, not a forecast and not advice.

Est. capital growth

Estimated

9.2% p.a.

Est. gross rental yield

Estimated

3.09%

Figures marked Estimated are modelled and indicative only. They are general information, not financial, investment or credit advice, and no yield, price or return is promised for Bulmans Road. Seek independent advice before acting.

Demographic detail

Who lives in Harkness today.

Age profile

  • 0–1428.8%
  • 15–2412.6%
  • 25–3416.5%
  • 35–5428.4%
  • 55–646.9%
  • 65+6.8%

Tenure

  • Owned with a mortgage55%
  • Owned outright15.7%
  • Rented27.6%

Dwelling type

  • Separate house94.2%
  • Townhouse / semi-detached4.3%
  • Apartment1.7%

Source: ABS Census 2021, suburb of Harkness — licensed CC BY 4.0. Percentages may not total 100 due to rounding and not-stated responses.