Suburb Profile Report for Kealba VIC (3021)

Kealba House: Median price $433,500, Annual capital growth 6.52%, Number of sales 56, Weekly median advertised rent $333

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

Source: CoreLogic

  • House Report

Over the last year, property investments in Kealba, 3021 have given investors a capital gain of 7.70%. This compares averagely with the 7.80% for VIC as a whole.

Across a shorter period, Kealba, 3021 has seen a median price increase of 0.81% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Kealba is offering property investors an average of -6.04. This rate of discount on properties puts Suburb at number 486th in terms of most discounted suburbs in VIC

Using the current median advertised rental of $332.5 and the average annual increase in value of a median property of 6.52%, investors should hope to achieve an overall return of 3.99%

HOUSE UNIT
$433,500 N/A
0.81% N/A
7.70% N/A
6.52% N/A
$333 N/A
56 N/A
3.99% N/A
46 N/A

Source: CoreLogic

DSR Score for property investment : Very good (U), Very good (H)
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Demographics
Total population 3164
Median household income ($/weekly) 1290
Median age of persons 35
Median housing loan repayment ($/monthly) 1500
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 353 11.2
    25-34 years 495 15.6
    35-44 years 433 13.7
    45-54 years 435 13.7
    55-64 years 456 14.4
    Others 992 31.4
    Age Group
    Census Count Percent(%)
    Registered Married 1207 49.3
    Not Married 1062 43.4
    Defacto Relationship 179 7.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 1821 61.3
    Japan 78 2.6
    United Kingdom 68 2.3
    Viet Nam 222 7.5
    Other 207 7.0
    Others 574 19.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 223 7.7
    Christianity 2078 71.6
    Hinduism 25 0.9
    Islam 88 3.0
    No Religion 469 16.2
    Others 20 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 94 10.1
    $600-$799 90 9.7
    $1,000-$1,249 90 9.7
    $1,500-$1,999 149 16.1
    $2,000-$2,499 103 11.1
    Others 402 43.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 946 38.3
    Not in the labour force 835 33.8
    Employed, worked part-time 465 18.8
    Unemployed, looking for work 123 5.0
    Employed, away from work 102 4.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 258 17.0
    Technicians & trades workers 233 15.4
    Clerical & administrative workers 249 16.4
    Sales 172 11.4
    Labourers 169 11.2
    Others 434 28.6
    Occupation
    Census Count Percent(%)
    Pre-school 52 7.4
    Infants/Primary 198 28.2
    Secondary 232 33.0
    Technical or Further Educational Institution 61 8.7
    University or other Tertiary Institutions 122 17.4
    Others 38 5.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2915 96.6
    Semi-detached, row or terrace house, townhouse 57 1.9
    Flat, unit or apartment 40 1.3
    House or flat attached to a shop, office 7 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 441 43.1
    Fully owned 398 38.9
    Rented 179 17.5
    Other tenure type 5 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals