Suburb Profile Report for Ardeer VIC (3022)

Ardeer House: Median price $531,000, Annual capital growth 9.13%, Number of sales 57, Weekly median advertised rent $328

Ardeer Unit: Median price $367,500, Annual capital growth 9.46%, Number of sales 11, Weekly median advertised rent $310

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 93th in the list of Australian suburbs ordered by increase in median house value over the last year, Ardeer, 3022 is in the top 10% with a property value increase of 29.83% recorded in median house prices.

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

LACK OF BUYER INTEREST may well be the reason that Ardeer is offering property investors an average of -5.87. This rate of discount on properties puts Suburb at number 631th in terms of most discounted suburbs in VIC

Often selling an investment property can take time, and in Ardeer the average time real estate has been on the market is 54.35 days.

Advertised rents are around the $327.5 mark per week – giving a return of 3.21% based on the median price in Suburb

Ardeer is in the bottom 40% in VIC when comparing median price capital growth over the last year. Ardeer gave property investors a disappointing capital gain figure when compared to the rest of the state, with 1.52%.

While Ardeer,3022 ranked number 47th in VIC for increase in median house value (annualised) increase, it is ranked 340th over the last 5 years.

On average over the past year, suburb has had 0.92 sales per month, which equates to 11 per year.

Metrics i HOUSE UNIT
$531,000 $367,500
2.61% 5.76%
29.83% 1.52%
9.13% 9.46%
$328 $310
57 11
3.21% 4.39%
54.35 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Ardeer VIC
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