VIC Registered Law Firm, LEAD Conveyancing

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Lead Legal Services Pty Ltd (ABN 86 640 514 558)
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Mooroolbark is a suburb located 31 km away from Melbourne’s Central Business District in the state of Victoria. It is situated in the Shire of Yarra Ranges local government area. Mooroolbark is elevated at about 93 metres and has a total land area of 13.3 km². There are 31 parks in this suburb of Melbourne. These parks cover about 6% of the total land area. 

The population of Mooroolbark is gradually on the rise. In 2011, Mooroolbark had a total number of 20,689 residents. According to the 2016 census, this number had grown to 21,967, reflecting a 6.17% increase. As a result, the real estate market in this suburb is gradually growing. This is majorly because of the positive population growth. 

The population of Mooroolbark is relatively young. According to demographic data, the median age of people residing in Mooroolbark is 36 years. Households in this suburb are majorly couples with children. Elderly couples make up about 7.1% of the population. Matured couples and families account for about 12.5% of the population. Trading is the major source of income for a large number of people residing in Mooroolbark. 

Houses in the Mooroolbark suburb have a median sale price of $771,000. Units, on the other hand, have a median sale price of $627,000. The median rent for units in this suburb is $365 per week. Rental houses have a slightly higher rent of $400 per week. 

• The median gross yield for rental houses over the last 12 months is 2.7%
• Investors have seen a 4.7% compound growth rate for units in the past 5 years
• The median gross yield for rental units is 3.0%

The sales of properties in Mooroolbark are governed by law. Therefore, the service of a conveyancing lawyer is of utmost necessity when buying a house or unit in this suburb of Melbourne. Conveyancing is the transfer of ownership of real estate property from one person or entity to a new buyer. The processes involve a lot of documentation and can be overwhelming for the buyer.

A Mooroolbark conveyancing lawyer will research the property and put your deposit money in a trust account. The conveyancing lawyer will also assist in calculating the adjustment of rates and taxes. In addition, your conveyancing lawyer will keep you updated with the current real-estate laws in the state of Victoria. 

It can be tempting to do without a conveyancing lawyer and save money. This can be very risky. Any mistake done during the exchange of sale contracts can cost you the property and your 10% discount. The fees that conveyancing lawyers charge are very reasonable. Compared with the quality of work a conveyancer will assist you in doing, you will save more in the long run. The experience of the conveyancing lawyer will be put into work to serve your best interests. 

There is little difference between a licensed conveyancer and a conveyancing lawyer. Choosing the right one is very important. A Mooroolbark conveyancing lawyer is more suited for your conveyancing needs. A conveyancing lawyer can provide legal advice beyond what is needed for a standard contract of sale. This allows you to be protected all-round due to the broader scope of the conveyancing lawyer’s work. LEAD Conveyancing have the right professionals to assist you.

The name Mooroolbark is suggested to have come from what the local Wurundjeri Aboriginal people called ‘Mooroolbik.’ Museum Victoria records this name to mean ‘the place where the wide waters meet.’ The name Mooroolbark was popularized by the Europeans that settled in the area in the late 19th century. This suburb is 5 km away from Lilydale. 

A train station opened up in Mooroolbark in the year 1887. The first post office opened a few months later, in early 1888. Wonga Park, which is now a separate suburb, used to be part of Mooroolbark. This split happened in the 20th century. In terms of transport, several bus routes serve the Mooroolbark suburb. Telebus services where passengers can be picked up on request also run in this suburb. 

Brice Avenue and Manchester Road host the main shopping district in Mooroolbark. The shopping district in Brice Avenue has an alcohol-free policy. Breaching the rules in this shopping district can attract fines of up to $2000. 

Suburbs surrounding Mooroolbark include: 

• Lilydale
• Kilsyth
• Croydon
• Chirnside Park
• Montrose
• Mount Evelyn

Mooroolbark is an interesting suburb to visit or reside in. The EPA Air Monitoring Station frequently monitors the air. This assures you of a safe time in this suburb. There are various interesting places to visit and things to engage in. Some of them include: 

Red Earth Community Park 

A lot of interesting events are held regularly at this park. It is close to the train station so getting here is not a problem at all. Kids will have the best time of their lives at this neat little park. There is a variety of equipment they can play with. If you come in your car, you will definitely find ample parking space. 

Mooroolbark Community Centre 

The Community centre is another place worth visiting. Workshops that impact you with value tend to hold regularly at this venue. It is located in the middle of Mooroolbark. If you are interested in pottery, there is a range of pottery classes you can register for. 

Larnook Reserve 

This local park offers you tranquillity at its finest. You’ll also be able to have a close-up with nature. The Larnook Reserve is well maintained and clean. There are no shops around so you will have to bring your snacks. The playground at this Reserve will keep kids busy while you relax. 

Other interesting places to visit in Mooroolbark include: 

• Yarra Ranges Winery Tours & Transfers
• Yarra Valley Kombi
• Werribee Open Range Zoo
• Mynt Lounge
• Cafe Go
• Hookey Park