Suburb Profile Report for Delahey VIC (3037)

Delahey House: Median price $487,500, Annual capital growth 7.18%, Number of sales 89, Weekly median advertised rent $350

Delahey Unit: Median price $367,500, Annual capital growth 4.09%, Number of sales 20, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Delahey has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 21.88%

If we look at median property appreciation over just the last three months, Delahey has given property investors a paper return of 6.44%. This puts Suburb as 80 on a list of fastest fasting appreciating suburbs in VIC

LACK OF BUYER INTEREST may well be the reason that Delahey is offering property investors an average of -5.80. This rate of discount on properties puts Suburb at number 563th in terms of most discounted suburbs in VIC

Using the current median advertised rental of $350 and the average annual increase in value of a median property of 7.18%, investors should hope to achieve an overall return of 3.73%

Delahey is an average performer in VIC when comparing median price capital growth over the last year. Delahey gave property investors a average capital gain figure when compared to the rest of the state, with 4.11%.

Over the longer term, Delahey has seen property prices show investors a 17.60% return over the last 3 years. This is worse than over the last 12 months

Our latest figures would indicate that property sellers in Delahey are currently offering property investors an average price cut of -3.58% below the asking price at the moment.

A $340 per week rent on the median house gives suburb investors a gross yield of circa 4.81%, without taking into account capital value appreciation, which has been averaging out at 4.09%.

Metrics i HOUSE UNIT
$487,500 $367,500
6.44% 5.00%
21.88% 4.11%
7.18% 4.09%
$350 $340
89 20
3.73% 4.81%
45.77 39.5

Source: CoreLogic

DSR Score for property investment : Very good (H), Very good (U)
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Demographics
Total population 8443
Median household income ($/weekly) 1175
Median age of persons 33
Median housing loan repayment ($/monthly) 1511
Average household size 3.1
  • Census Count Percent(%)
    5-14 years 1283 15.2
    25-34 years 1187 14.1
    35-44 years 1301 15.4
    45-54 years 1279 15.2
    55-64 years 839 9.9
    Others 2553 30.2
    Age Group
    Census Count Percent(%)
    Registered Married 3141 51.2
    Not Married 2692 43.9
    Defacto Relationship 302 4.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 4053 51.4
    Indonesia 321 4.1
    Philippines 475 6.0
    Viet Nam 515 6.5
    Other 945 12.0
    Others 1581 20.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 924 11.9
    Christianity 5192 67.0
    Islam 541 7.0
    Other Religious Groups 205 2.6
    No Religion 762 9.8
    Others 129 1.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 235 10.4
    $1,000-$1,249 252 11.2
    $1,250-$1,499 230 10.2
    $1,500-$1,999 349 15.5
    $2,000-$2,499 226 10.0
    Others 965 42.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2350 37.8
    Not in the labour force 2250 36.2
    Employed, worked part-time 1033 16.6
    Unemployed, looking for work 310 5.0
    Employed, away from work 267 4.3
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 594 16.3
    Clerical & administrative workers 536 14.7
    Sales 401 11.0
    Machinery operators & drivers 504 13.8
    Labourers 587 16.1
    Others 1030 28.2
    Occupation
    Census Count Percent(%)
    Pre-school 122 5.6
    Infants/Primary 751 34.4
    Secondary 751 34.4
    Technical or Further Educational Institution 193 8.9
    University or other Tertiary Institutions 281 12.9
    Others 82 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7643 96.2
    Semi-detached, row or terrace house, townhouse 186 2.3
    Flat, unit or apartment 120 1.5
    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 1201 48.7
    Fully owned 745 30.2
    Rented 508 20.6
    Other tenure type 14 0.6
    Tenure Type
Census 2011, ABS
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