Suburb Profile Report for Travancore VIC (3032)

Travancore House: Median price $1,288,500, Annual capital growth N/A, Number of sales 10, Weekly median advertised rent $420

Travancore Unit: Median price $360,000, Annual capital growth -0.54%, Number of sales 53, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

When looking at the potential capital gains offered to property investors over the last 3 years, Travancore comes in at number 108th in VIC.

Over the last year, property investments in Travancore, 3032 have given investors a capital gain of -2.17%. This compares badly with the 2.98% for VIC as a whole.

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

LACK OF BUYER INTEREST may well be the reason that Travancore is offering property investors an average of -5.08. This rate of discount on properties puts Suburb at number 126th in terms of most discounted suburbs in VIC

Using the current median advertised rental of $380 and the average annual increase in value of a median property of -0.54%, investors should hope to achieve an overall return of 5.49%

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Travancore was highlighted in a recent RP Data-St George report, which looked at a range of factors including affordability, potential for medium to long-term growth, proximity to transport, retail amenities, and renovation potential.

Full summary

Travancore was highlighted in a recent RP Data-St George report, which looked at a range of factors including affordability, potential for medium to long-term growth, proximity to transport, retail amenities, and renovation potential.

Units here offer good affordability for Melbourne, especially when you consider that Travancore is just 5km from the city centre. Renters make up a third of the suburb’s population.

It’s a suburb that offers a lot of new release and off-the-plan apartments, says Australian Property Buyers’ Karin Mackay. And the dominance of artist’s impressions that crop up when you take a look at Travancore’s listings bears out this comment. She adds however that there are also a few pockets of art deco units still to be had.

Close
HOUSE UNIT
$1,288,500 $360,000
N/A -1.91%
N/A -2.17%
N/A -0.54%
$420 $380
10 53
1.69% 5.49%
N/A 106.75

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 1700
Median household income ($/weekly) 1365
Median age of persons 29
Median housing loan repayment ($/monthly) 2000
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 314 18.5
    25-34 years 586 34.5
    35-44 years 202 11.9
    45-54 years 131 7.7
    55-64 years 141 8.3
    Others 326 19.2
    Age Group
    Census Count Percent(%)
    Not Married 700 51.2
    Registered Married 442 32.3
    Defacto Relationship 226 16.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 820 52.3
    Croatia 138 8.8
    Indonesia 66 4.2
    Malta 67 4.3
    Other 142 9.1
    Others 336 21.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 80 5.3
    Christianity 617 41.1
    Hinduism 72 4.8
    Islam 103 6.9
    No Religion 608 40.5
    Others 22 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 55 8.0
    $1,000-$1,249 77 11.2
    $1,250-$1,499 75 10.9
    $1,500-$1,999 98 14.2
    $2,500-$2,999 64 9.3
    Others 321 46.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 662 46.3
    Not in the labour force 422 29.5
    Employed, worked part-time 231 16.2
    Unemployed, looking for work 80 5.6
    Employed, away from work 34 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 109 11.7
    Professionals 368 39.7
    Technicians & trades workers 87 9.4
    Clerical & administrative workers 148 15.9
    Sales 70 7.5
    Others 146 15.7
    Occupation
    Census Count Percent(%)
    Infants/Primary 51 10.5
    Secondary 33 6.8
    Technical or Further Educational Institution 48 9.8
    University or other Tertiary Institutions 312 63.9
    Other type of educational institution 28 5.7
    Others 16 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 863 57.3
    Separate house 461 30.6
    Semi-detached, row or terrace house, townhouse 183 12.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 428 57.8
    Being purchased 160 21.6
    Fully owned 149 20.1
    Other tenure type 4 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals