435 Elcho Road

Lovely Banks VIC 3213

The size of Lovely Banks is approximately 29.9 square kilometres. It has 4 parks covering nearly 0.4% of total area. The population of Lovely Banks in 2011 was 2,218 people. By 2016 the population was 2,296 showing a population growth of 3.5% in the area during that time. The predominant age group in Lovely Banks is 10-19 years. Households in Lovely Banks are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lovely Banks work in a trades occupation. In 2011, 82.5% of the homes in Lovely Banks were owner-occupied compared with 79.9% in 2016.

Lovely Banks has 1,288 properties. Over the last 5 years, Houses in Lovely Banks have seen a 39.89% increase in median value, while Units have seen a 43.41% increase. As at 31 October 2024:

• The median value for Houses in Lovely Banks is $623,435 while the median value for Units is $390,640.
• Houses have a median rent of $555 while Units have a median rent of $375.