Suburb Profile Report for Ardeer VIC (3022)

Ardeer House: Median price $488,000, Annual capital growth 8.49%, Number of sales 54, Weekly median advertised rent $320

Ardeer Unit: Median price $328,000, Annual capital growth 1.05%, Number of sales 13, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Ardeer has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 29.70%

The five-year average increase in median property values for Ardeer,3022 has given property investors a potential capital gain of 35.56% across each of those five years.

Our latest figures would indicate that property sellers in Ardeer are currently offering property investors an average price cut of 0.00% below the asking price at the moment.

In the last year 54 properties changed hands in Ardeer, which puts it as the 409th most active market in VIC when comparing the number of sales per suburb.

Situated 14.72km from the CBD, Ardeer is one of Brimbank localities in the postcode 3022.

Property investors who have had real estate in Ardeer, 3022 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -10.50%

While Ardeer,3022 ranked number 334th in VIC for increase in median house value (annualised) increase, it is ranked 291th over the last 5 years.

Ardeer, 3022’s gross rental yield is 5.07%

HOUSE UNIT
$488,000 $328,000
10.91% -5.61%
29.70% -10.50%
8.49% 1.05%
$320 $320
54 13
3.41% 5.07%
33.62 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 2823
Median household income ($/weekly) 891
Median age of persons 37
Median housing loan repayment ($/monthly) 1430
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 320 11.3
    25-34 years 474 16.8
    35-44 years 419 14.8
    45-54 years 298 10.6
    55-64 years 327 11.6
    Others 985 34.9
    Age Group
    Census Count Percent(%)
    Not Married 1050 51.3
    Registered Married 851 41.6
    Defacto Relationship 146 7.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 1303 52.0
    Indonesia 93 3.7
    Netherlands 123 4.9
    Viet Nam 207 8.3
    Other 270 10.8
    Others 509 20.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 231 9.4
    Christianity 1612 65.6
    Islam 108 4.4
    Other Religious Groups 60 2.4
    No Religion 390 15.9
    Others 58 2.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 116 13.0
    $600-$799 123 13.8
    $800-$999 91 10.2
    $1,000-$1,249 89 10.0
    $1,500-$1,999 112 12.6
    Others 359 40.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 911 43.7
    Employed, worked full-time 680 32.6
    Employed, worked part-time 289 13.8
    Unemployed, looking for work 119 5.7
    Employed, away from work 88 4.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 153 14.4
    Technicians & trades workers 143 13.5
    Clerical & administrative workers 170 16.0
    Machinery operators & drivers 148 14.0
    Labourers 144 13.6
    Others 302 28.5
    Occupation
    Census Count Percent(%)
    Infants/Primary 186 35.0
    Secondary 137 25.8
    Technical or Further Educational Institution 57 10.7
    University or other Tertiary Institutions 75 14.1
    Other type of educational institution 49 9.2
    Others 28 5.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2325 92.2
    Flat, unit or apartment 106 4.2
    Semi-detached, row or terrace house, townhouse 55 2.2
    Caravan, cabin, houseboat 34 1.3
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 387 40.4
    Being purchased 286 29.9
    Rented 279 29.1
    Other tenure type 6 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals