Suburb Profile Report for Braybrook VIC (3019)

Braybrook House: Median price $620,000, Annual capital growth 10.87%, Number of sales 106, Weekly median advertised rent $320

Braybrook Unit: Median price $435,000, Annual capital growth 6.84%, Number of sales 47, Weekly median advertised rent $338

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Braybrook have tracked just higher than the VIC average of 8.12% over the last 12 months.

Comparing Braybrook,3019 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.00% offered to property buyers. Sellers in Braybrook itself are offering an average vendor discount of -3.77% to real estate investors.

A $320 per week rent on the median house gives suburb investors a gross yield of circa 2.68%, without taking into account capital value appreciation, which has been averaging out at 10.87%.

Property value increases in Braybrook have tracked close to the VIC average of 2.98% over the last 12 months.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Braybrook has increased when compared to the 5 year average annual rate.

Sellers are offering property buyers an average discount of -5.32% to buyers in Braybrook at the moment, which is less than average for the rest of VIC.

Using the current median advertised rental of $337.5 and the average annual increase in value of a median property of 6.84%, investors should hope to achieve an overall return of 4.03%

HOUSE UNIT
$620,000 $435,000
4.95% -2.25%
13.59% 1.87%
10.87% 6.84%
$320 $338
106 47
2.68% 4.03%
86.53 75.44

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 8180
Median household income ($/weekly) 792
Median age of persons 32
Median housing loan repayment ($/monthly) 1520
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1015 12.4
    25-34 years 1483 18.1
    35-44 years 1126 13.8
    45-54 years 993 12.1
    55-64 years 796 9.7
    Others 2767 33.8
    Age Group
    Census Count Percent(%)
    Not Married 3365 56.9
    Registered Married 2251 38.1
    Defacto Relationship 296 5.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 3130 42.7
    Croatia 273 3.7
    Indonesia 403 5.5
    Viet Nam 1713 23.4
    Other 823 11.2
    Others 987 13.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 1615 22.4
    Christianity 3253 45.2
    Hinduism 231 3.2
    Islam 650 9.0
    No Religion 1270 17.7
    Others 176 2.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 242 10.4
    $400-$599 322 13.8
    $600-$799 291 12.5
    $800-$999 213 9.1
    $1,000-$1,249 212 9.1
    Others 1049 45.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2690 46.0
    Employed, worked full-time 1705 29.1
    Employed, worked part-time 878 15.0
    Unemployed, looking for work 394 6.7
    Employed, away from work 185 3.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 431 15.6
    Technicians & trades workers 343 12.4
    Clerical & administrative workers 359 13.0
    Machinery operators & drivers 329 11.9
    Labourers 485 17.5
    Others 821 29.7
    Occupation
    Census Count Percent(%)
    Infants/Primary 567 27.6
    Secondary 509 24.7
    Technical or Further Educational Institution 232 11.3
    University or other Tertiary Institutions 489 23.8
    Other type of educational institution 155 7.5
    Others 105 5.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5149 68.1
    Semi-detached, row or terrace house, townhouse 1195 15.8
    Flat, unit or apartment 1182 15.6
    House or flat attached to a shop, office 24 0.3
    Caravan, cabin, houseboat 14 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1205 47.7
    Being purchased 729 28.9
    Fully owned 569 22.5
    Other tenure type 23 0.9
    Tenure Type
Census 2011, ABS
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Recent sales & rentals