Suburb Profile Report for Cairnlea VIC (3023)

Cairnlea House: Median price $613,500, Annual capital growth 6.76%, Number of sales 90, Weekly median advertised rent $410

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

Source: CoreLogic

  • House Report

With a capital gain of 9.16% for the last 12 months, Cairnlea, 3023 has performed for property investments than its average annual 6.76% property growth over the last 5 years.

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 -2.88% to buyers in Cairnlea at the moment, which is less than average for the rest of VIC.

On average over the past year, suburb has had 7.50 sales per month, which equates to 90 per year.

Using the current median advertised rental of $410 and the average annual increase in value of a median property of 6.76%, investors should hope to achieve an overall return of 3.48%

Metrics i HOUSE UNIT
$613,500 N/A
1.53% N/A
9.16% N/A
6.76% N/A
$410 N/A
90 N/A
3.48% N/A
61.41 N/A

Source: CoreLogic

DSR Score for property investment : Good (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
Chart Table
Recent sales & rentals