Suburb Profile Report for Derrimut VIC (3030)

Derrimut House: Median price $522,000, Annual capital growth 4.06%, Number of sales 109, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report

At number 683th in the list of Australian suburbs ordered by increase in median house value over the last year, Derrimut, 3030 is in the top 20% with a property value increase of 12.50% recorded in median house prices.

A 24.29% growth in median value for property investors in Derrimut,3030 puts this suburb at number 390th in terms of best performing suburbs in VIC

At number 511th of VIC’s most discounted properties, Derrimut is in the TOP 20% of the state/territory when listing in order of most discounted to least.

In the last year 109 properties changed hands in Derrimut, which puts it as the 233th most active market in VIC when comparing the number of sales per suburb.

A $400 per week rent on the median house gives suburb investors a gross yield of circa 3.98%, without taking into account capital value appreciation, which has been averaging out at 4.06%.

HOUSE UNIT
$522,000 N/A
1.36% N/A
12.50% N/A
4.06% N/A
$400 N/A
109 N/A
3.98% N/A
37.73 N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Above average (U)
Find a mortgage broker in Derrimut VIC
Demographics
Total population 5991
Median household income ($/weekly) 1741
Median age of persons 29
Median housing loan repayment ($/monthly) 2123
Average household size 3.3
  • Census Count Percent(%)
    0-4 years 801 13.4
    5-14 years 851 14.2
    25-34 years 1654 27.6
    35-44 years 1073 17.9
    45-54 years 507 8.5
    Others 1105 18.4
    Age Group
    Census Count Percent(%)
    Registered Married 2230 55.0
    Not Married 1366 33.7
    Defacto Relationship 458 11.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 2788 49.5
    Indonesia 263 4.7
    Philippines 513 9.1
    Viet Nam 483 8.6
    Other 607 10.8
    Others 975 17.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 705 12.9
    Christianity 3256 59.7
    Hinduism 279 5.1
    Islam 338 6.2
    No Religion 794 14.6
    Others 78 1.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 159 10.1
    $1,250-$1,499 161 10.2
    $1,500-$1,999 288 18.3
    $2,000-$2,499 304 19.3
    $2,500-$2,999 156 9.9
    Others 509 32.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2147 52.7
    Not in the labour force 923 22.7
    Employed, worked part-time 603 14.8
    Employed, away from work 207 5.1
    Unemployed, looking for work 191 4.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 562 19.0
    Technicians & trades workers 409 13.8
    Clerical & administrative workers 509 17.2
    Machinery operators & drivers 358 12.1
    Labourers 320 10.8
    Others 799 27.0
    Occupation
    Census Count Percent(%)
    Pre-school 182 12.6
    Infants/Primary 531 36.7
    Secondary 329 22.7
    Technical or Further Educational Institution 120 8.3
    University or other Tertiary Institutions 225 15.5
    Others 60 4.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5669 99.7
    Semi-detached, row or terrace house, townhouse 11 0.2
    Flat, unit or apartment 8 0.1
    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 1226 72.3
    Rented 351 20.7
    Fully owned 115 6.8
    Other tenure type 3 0.2
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals