Suburb Profile Report for Delahey VIC (3037)

Delahey House: Median price $423,000, Annual capital growth 5.81%, Number of sales 88, Weekly median advertised rent $340

Delahey Unit: Median price $360,000, Annual capital growth 5.80%, Number of sales 21, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 6.75% for the last 12 months, Delahey, 3037 has performed for property investments than its average annual 5.81% property growth over the last 5 years.

A 10.30% growth in median value for property investors in Delahey,3037 puts this suburb at number 112th in terms of best performing suburbs in VIC

At number 489th of VIC’s most discounted properties, Delahey is in the TOP 30% of the state/territory when listing in order of most discounted to least.

Often selling an investment property can take time, and in Delahey the average time real estate has been on the market is 52.97 days.

A $340 per week rent on the median house gives suburb investors a gross yield of circa 4.18%, without taking into account capital value appreciation, which has been averaging out at 5.81%.

Property investors who have had real estate in Delahey, 3037 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.67%

While Delahey,3037 ranked number 76th in VIC for increase in median house value (annualised) increase, it is ranked 203th over the last 5 years.

Sellers are offering property buyers an average discount of -4.50% to buyers in Delahey at the moment, which is less than average for the rest of VIC.

In the last year 21 properties changed hands in Delahey, which puts it as the 294th most active market in VIC when comparing the number of sales per suburb.

Advertised rents are around the $320 mark per week – giving a return of 4.62% based on the median price in Suburb

HOUSE UNIT
$423,000 $360,000
4.44% 2.86%
6.75% 6.67%
5.81% 5.80%
$340 $320
88 21
4.18% 4.62%
52.97 44.93

Source: CoreLogic

DSR Score for property investment : Very good (H), Above average (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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