Suburb Profile Report for Truganina VIC (3029)

Truganina House: Median price $440,000, Annual capital growth 5.08%, Number of sales 405, Weekly median advertised rent $370

Truganina Unit: Median price $348,000, Annual capital growth 4.01%, Number of sales 32, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report

VIC has seen average median house prices change by 9.04% which means that Truganina, 3029 has done well for property investors by showing a capital gain of 10.55% over the last year

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

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.80% offered to property buyers. Sellers in Truganina itself are offering an average vendor discount of -11.14% to real estate investors.

On average over the past year, suburb has had 33.75 sales per month, which equates to 405 per year.

Situated 20.71km from the CBD, Truganina is one of Melton localities in the postcode 3029.

VIC has seen average median house prices change by 4.28% which means that Truganina, 3029 has done well for property investors by showing a capital gain of 7.08% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Truganina comes in at number 15th in VIC.

Truganina, 3029 is offering VIC ‘s 164th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.

At number 347 in a list of fastest selling suburbs, Truganina is in the TOP 30% of suburbs in Australia with an average of days on market 56.04 for properties listed there.

Advertised rents are around the $330 mark per week – giving a return of 4.93% based on the median price in Suburb

Metrics i HOUSE UNIT
$440,000 $348,000
2.33% 4.50%
10.55% 7.08%
5.08% 4.01%
$370 $330
405 32
4.37% 4.93%
68.66 56.04

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 9138
Median household income ($/weekly) 1451
Median age of persons 28
Median housing loan repayment ($/monthly) 1950
Average household size 3.1
  • Census Count Percent(%)
    0-4 years 1115 12.2
    5-14 years 1239 13.6
    25-34 years 2681 29.3
    35-44 years 1548 16.9
    45-54 years 793 8.7
    Others 1762 19.3
    Age Group
    Census Count Percent(%)
    Registered Married 2853 50.5
    Not Married 2099 37.2
    Defacto Relationship 693 12.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 4582 52.9
    Indonesia 890 10.3
    Papua New Guinea 535 6.2
    Philippines 343 4.0
    Other 1092 12.6
    Others 1225 14.1
    Country of Birth
    Census Count Percent(%)
    Christianity 3761 49.2
    Hinduism 668 8.7
    Islam 1289 16.9
    Other Religious Groups 277 3.6
    No Religion 1385 18.1
    Others 269 3.5
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 208 8.8
    $1,000-$1,249 283 12.0
    $1,250-$1,499 241 10.2
    $1,500-$1,999 423 17.9
    $2,000-$2,499 337 14.2
    Others 874 36.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2857 44.2
    Not in the labour force 2183 33.7
    Employed, worked part-time 855 13.2
    Unemployed, looking for work 333 5.1
    Employed, away from work 243 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 717 18.1
    Technicians & trades workers 512 12.9
    Clerical & administrative workers 647 16.4
    Machinery operators & drivers 504 12.7
    Labourers 411 10.4
    Others 1163 29.4
    Occupation
    Census Count Percent(%)
    Pre-school 194 9.8
    Infants/Primary 769 38.9
    Secondary 443 22.4
    Technical or Further Educational Institution 166 8.4
    University or other Tertiary Institutions 285 14.4
    Others 120 6.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7277 90.8
    Flat, unit or apartment 436 5.4
    Semi-detached, row or terrace house, townhouse 298 3.7
    House or flat attached to a shop, office 5 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1492 59.0
    Rented 890 35.2
    Fully owned 136 5.4
    Other tenure type 12 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals