Suburb Profile Report for Truganina VIC (3029)

Truganina House: Median price $425,000, Annual capital growth 4.59%, Number of sales 341, Weekly median advertised rent $365

Truganina Unit: Median price $330,000, Annual capital growth 3.18%, Number of sales 40, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 650th in the list of Australian suburbs ordered by increase in median house value over the last year, Truganina, 3029 is in the top 20% with a property value increase of 13.33% recorded in median house prices.

Truganina,3029 has offered an average of 13.33% return per annum in house price rises to property investors over the last three years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Truganina, 3029. Typically our figures indicate that -6.15% is being offered, which puts this VIC suburb at 1767th most discounted overall in Australia.

Residents and property investors in Truganina have been waiting around 71.25 days to sell a property.

Advertised rents are around the $365 mark per week – giving a return of 4.47% based on the median price in Suburb

Over the last year, property investments in Truganina, 3029 have given investors a capital gain of 4.76%. This compares averagely with the 3.63% for VIC as a whole.

Truganina,3029 was ranked 786 in Australia by increase in median property value over the quarter.

Vendor discounting in Truganina is giving property investors an average Vendor Discount of around -4.71%. This puts suburb at number 185th in VIC when ranking the most discounted suburbs.

With the median price for a house in Truganina being $330000 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 5.04%

HOUSE UNIT
$425,000 $330,000
2.41% 0.46%
13.33% 4.76%
4.59% 3.18%
$365 $320
341 40
4.47% 5.04%
71.25 77.68

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (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
Chart Table
Recent sales & rentals