Suburb Profile Report for Ardeer VIC (3022)

Ardeer House: Median price $455,000, Annual capital growth 7.51%, Number of sales 52, Weekly median advertised rent $320

Ardeer Unit: Median price $345,000, Annual capital growth 4.71%, Number of sales 15, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

Ardeer, 3022 ranked 44th in VIC when comparing growth in median property values or capital gain over the last 12 months. Ardeer is one of 2098 in our list for VIC

Across a shorter period, Ardeer, 3022 has seen a median price increase of 4.60% over the last quarter.

Sellers are offering property buyers an average discount of -5.10% to buyers in Ardeer at the moment, which is less than average for the rest of VIC.

Often selling an investment property can take time, and in Ardeer the average time real estate has been on the market is 47.21 days.

Using the current median advertised rental of $320 and the average annual increase in value of a median property of 7.51%, investors should hope to achieve an overall return of 3.66%

Property value increases in Ardeer have tracked just lower than the VIC average of 3.63% over the last 12 months.

Ardeer, 3022’s gross rental yield is 4.82%

HOUSE UNIT
$455,000 $345,000
4.60% -4.70%
20.13% -2.82%
7.51% 4.71%
$320 $320
52 15
3.66% 4.82%
47.21 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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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
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Recent sales & rentals