Suburb Profile Report for Cairnlea VIC (3023)

Cairnlea House: Median price $600,000, Annual capital growth 6.55%, Number of sales 90, Weekly median advertised rent $405

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

Source: CoreLogic

  • House Report

Investment property in Cairnlea has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.09%

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

Sellers are offering property buyers an average discount of -3.84% to buyers in Cairnlea at the moment, which is less than average for the rest of VIC.

Property investors should expect to get $405 weekly from the median priced house in this suburb.

HOUSE UNIT
$600,000 N/A
0.00% N/A
9.09% N/A
6.55% N/A
$405 N/A
90 N/A
3.51% N/A
60.41 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 8838
Median household income ($/weekly) 1535
Median age of persons 31
Median housing loan repayment ($/monthly) 2000
Average household size 3.5
  • Census Count Percent(%)
    5-14 years 1438 16.3
    25-34 years 1438 16.3
    35-44 years 1629 18.4
    45-54 years 1190 13.5
    55-64 years 761 8.6
    Others 2383 27.0
    Age Group
    Census Count Percent(%)
    Registered Married 3407 53.7
    Not Married 2635 41.6
    Defacto Relationship 298 4.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 3950 47.1
    Indonesia 232 2.8
    Philippines 490 5.8
    Viet Nam 1566 18.7
    Other 706 8.4
    Others 1439 17.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 2026 24.5
    Christianity 4300 51.9
    Hinduism 199 2.4
    Islam 713 8.6
    No Religion 904 10.9
    Others 141 1.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 206 9.5
    $1,250-$1,499 209 9.7
    $1,500-$1,999 359 16.6
    $2,000-$2,499 287 13.3
    $2,500-$2,999 206 9.5
    Others 895 41.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2684 42.5
    Not in the labour force 1978 31.3
    Employed, worked part-time 1037 16.4
    Unemployed, looking for work 319 5.1
    Employed, away from work 297 4.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 677 16.9
    Technicians & trades workers 533 13.3
    Clerical & administrative workers 585 14.6
    Machinery operators & drivers 510 12.7
    Labourers 540 13.4
    Others 1172 29.2
    Occupation
    Census Count Percent(%)
    Pre-school 173 7.2
    Infants/Primary 836 34.6
    Secondary 708 29.3
    Technical or Further Educational Institution 186 7.7
    University or other Tertiary Institutions 411 17.0
    Others 100 4.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7892 92.2
    Semi-detached, row or terrace house, townhouse 668 7.8
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1529 64.8
    Fully owned 511 21.7
    Rented 311 13.2
    Other tenure type 7 0.3
    Tenure Type
Census 2011, ABS
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