Suburb Profile Report for Laverton VIC (3028)

Laverton House: Median price $425,000, Annual capital growth 8.56%, Number of sales 126, Weekly median advertised rent $310

Laverton Unit: Median price $430,000, Annual capital growth 15.42%, Number of sales 11, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Laverton, 3028 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 13.33%.

Comparing Laverton,3028 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Vendor discounting in Laverton is giving property investors an average Vendor Discount of around -6.17%. This puts suburb at number 238th in VIC when ranking the most discounted suburbs.

On average over the past year, suburb has had 10.50 sales per month, which equates to 126 per year.

Advertised rents are around the $310 mark per week – giving a return of 3.79% based on the median price in Suburb

At number 298th in the list of Australian suburbs ordered by increase in median house value over the last year, Laverton, 3028 is in the top 20% with a property value increase of 12.42% recorded in median house prices.

Laverton,3028 was ranked 29 in Australia by increase in median property value over the quarter.

With the median price for a house in Laverton being $430000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 4.23%

Metrics i HOUSE UNIT
$425,000 $430,000
3.66% 17.01%
13.33% 12.42%
8.56% 15.42%
$310 $350
126 11
3.79% 4.23%
76.45 N/A

Source: CoreLogic

DSR Score for property investment : Below average (U), Balanced (H)
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Demographics
Total population 4064
Median household income ($/weekly) 953
Median age of persons 31
Median housing loan repayment ($/monthly) 1300
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 419 10.3
    20-24 years 448 11.0
    25-34 years 942 23.2
    35-44 years 511 12.6
    45-54 years 491 12.1
    Others 1253 30.8
    Age Group
    Census Count Percent(%)
    Not Married 1748 55.6
    Registered Married 1202 38.3
    Defacto Relationship 192 6.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 1918 50.7
    Indonesia 571 15.1
    Philippines 105 2.8
    United Kingdom 139 3.7
    Other 445 11.8
    Others 603 15.9
    Country of Birth
    Census Count Percent(%)
    Christianity 2081 56.5
    Hinduism 277 7.5
    Islam 152 4.1
    Other Religious Groups 313 8.5
    No Religion 727 19.7
    Others 136 3.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 136 10.7
    $600-$799 199 15.7
    $800-$999 140 11.0
    $1,000-$1,249 138 10.9
    $1,500-$1,999 161 12.7
    Others 494 39.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1267 40.2
    Employed, worked full-time 976 31.0
    Employed, worked part-time 577 18.3
    Unemployed, looking for work 200 6.3
    Employed, away from work 132 4.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 180 10.7
    Technicians & trades workers 252 14.9
    Clerical & administrative workers 205 12.2
    Machinery operators & drivers 252 14.9
    Labourers 352 20.9
    Others 446 26.4
    Occupation
    Census Count Percent(%)
    Infants/Primary 222 22.4
    Secondary 216 21.8
    Technical or Further Educational Institution 189 19.0
    University or other Tertiary Institutions 176 17.7
    Other type of educational institution 155 15.6
    Others 35 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3500 90.8
    Flat, unit or apartment 226 5.9
    Semi-detached, row or terrace house, townhouse 121 3.1
    House or flat attached to a shop, office 7 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 593 43.3
    Being purchased 404 29.5
    Fully owned 367 26.8
    Other tenure type 5 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals