Suburb Profile Report for Taylors Lakes VIC (3038)

Taylors Lakes House: Median price $660,000, Annual capital growth 6.82%, Number of sales 126, Weekly median advertised rent $420

Taylors Lakes Unit: Median price $382,000, Annual capital growth 3.66%, Number of sales 17, Weekly median advertised rent $355

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 1200th in the list of Australian suburbs ordered by increase in median house value over the last year, Taylors Lakes, 3038 is in the top 30% with a property value increase of 11.63% recorded in median house prices.

If we look at median property appreciation over just the last three months, Taylors Lakes has given property investors a paper return of 1.54%. This puts Suburb as 444 on a list of fastest fasting appreciating suburbs in VIC

Taylors Lakes, 3038 is offering VIC ‘s 401th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.

With the median price for a house in Taylors Lakes being $660000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 3.31%

At number 1396th in the list of Australian suburbs ordered by increase in median house value over the last year, Taylors Lakes, 3038 is in the BOTTOM 20% with a property value increase of -4.80% recorded in median house prices.

A $355 per week rent on the median house gives suburb investors a gross yield of circa 4.83%, without taking into account capital value appreciation, which has been averaging out at 3.66%.

Metrics i HOUSE UNIT
$660,000 $382,000
1.54% -4.26%
11.63% -4.80%
6.82% 3.66%
$420 $355
126 17
3.31% 4.83%
52.61 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
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Demographics
Total population 16095
Median household income ($/weekly) 1661
Median age of persons 37
Median housing loan repayment ($/monthly) 1600
Average household size 3.3
  • Census Count Percent(%)
    5-14 years 2294 14.3
    15-19 years 1531 9.5
    35-44 years 2369 14.7
    45-54 years 3017 18.7
    55-64 years 1903 11.8
    Others 4982 31.0
    Age Group
    Census Count Percent(%)
    Registered Married 7243 57.7
    Not Married 4904 39.1
    Defacto Relationship 401 3.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 10508 67.8
    Germany 361 2.3
    Indonesia 491 3.2
    Japan 481 3.1
    Other 762 4.9
    Others 2893 18.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 451 2.9
    Christianity 12149 79.3
    Hinduism 282 1.8
    Islam 749 4.9
    No Religion 1435 9.4
    Others 254 1.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 361 8.5
    $1,250-$1,499 349 8.2
    $1,500-$1,999 660 15.5
    $2,000-$2,499 559 13.1
    $2,500-$2,999 443 10.4
    Others 1888 44.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 5278 41.8
    Not in the labour force 3669 29.1
    Employed, worked part-time 2706 21.4
    Employed, away from work 548 4.3
    Unemployed, looking for work 421 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 1020 12.0
    Professionals 1308 15.3
    Technicians & trades workers 1289 15.1
    Clerical & administrative workers 1571 18.4
    Sales 1173 13.8
    Others 2169 25.4
    Occupation
    Census Count Percent(%)
    Pre-school 256 5.8
    Infants/Primary 1403 31.6
    Secondary 1510 34.0
    Technical or Further Educational Institution 329 7.4
    University or other Tertiary Institutions 845 19.0
    Others 100 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 15308 97.4
    Semi-detached, row or terrace house, townhouse 377 2.4
    Flat, unit or apartment 36 0.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2152 45.5
    Being purchased 2071 43.8
    Rented 443 9.4
    Other tenure type 59 1.2
    Tenure Type
Census 2011, ABS
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Recent sales & rentals