Suburb Profile Report for Taylors Lakes VIC (3038)

Taylors Lakes House: Median price $640,000, Annual capital growth 6.51%, Number of sales 114, Weekly median advertised rent $415

Taylors Lakes Unit: Median price $362,000, Annual capital growth 3.64%, Number of sales 22, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Taylors Lakes, 3038 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 11.30%

Taylors Lakes,3038 was ranked 1222 in Australia by increase in median property value over the quarter.

Taylors Lakes3038 is located in VIC which offers an average discount of -5.91% to property investors. Taylors Lakes itself is showing figures that indicate -3.99% is the average achievable by property buyers investing in the suburb.

At number 1392 in a list of fastest selling suburbs, Taylors Lakes is in the TOP 40% of suburbs in Australia with an average of days on market 69.52 for properties listed there.

Using the current median advertised rental of $415 and the average annual increase in value of a median property of 6.51%, investors should hope to achieve an overall return of 3.37%

If you compare the increase in value of investment property in Taylors Lakes, 3038 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -8.93%.

Taylors Lakes,3038 was ranked 1518 in Australia by increase in median property value over the quarter.

Property buyers and investors in Taylors Lakes 3038 should be seeing an average reduction in asking price of around -4.24% . This means that Taylors Lakes is holding prices well when compared to other suburbs in VIC.

At number 457 in a list of fastest selling suburbs, Taylors Lakes is in the TOP 40% of suburbs in Australia with an average of days on market 63.46 for properties listed there.

Advertised rents are around the $350 mark per week – giving a return of 5.03% based on the median price in Suburb

Metrics i HOUSE UNIT
$640,000 $362,000
2.89% -4.99%
11.30% -8.93%
6.51% 3.64%
$415 $350
114 22
3.37% 5.03%
69.52 63.46

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
Chart Table
Recent sales & rentals