11 Monarch Ridge

Lower Plenty VIC 3093

The size of Lower Plenty is approximately 6.8 square kilometres. It has 16 parks covering nearly 17.5% of total area. The population of Lower Plenty in 2011 was 3,782 people. By 2016 the population was 3,873 showing a population growth of 2.4% in the area during that time. The predominant age group in Lower Plenty is 40-49 years. Households in Lower Plenty are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lower Plenty work in a professional occupation. In 2011, 79.9% of the homes in Lower Plenty were owner-occupied compared with 80.1% in 2016.

Lower Plenty has 1,986 properties. Over the last 5 years, Houses in Lower Plenty have seen a 45.46% increase in median value, while Units have seen a 19.16% increase. As at 30 September 2024:

• The median value for Houses in Lower Plenty is $1,421,465 while the median value for Units is $660,891.
• Houses have a median rent of $560 while Units have a median rent of $470.