Suburb Profile Report for Aberfeldie VIC (3040)

Aberfeldie House: Median price $1,300,000, Annual capital growth 9.73%, Number of sales 58, Weekly median advertised rent $490

Aberfeldie Unit: Median price $670,000, Annual capital growth 8.67%, Number of sales 18, Weekly median advertised rent $325

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

Source: CoreLogic

  • House Report
  • Unit Report

Aberfeldie is in the bottom 30% in VIC when comparing median price capital growth over the last year. Aberfeldie gave property investors a disappointing capital gain figure when compared to the rest of the state, with 3.01%.

Across a shorter period, Aberfeldie, 3040 has seen a median price increase of -0.38% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Aberfeldie is offering property investors an average of -5.53. This rate of discount on properties puts Suburb at number 585th in terms of most discounted suburbs in VIC

In the last year 58 properties changed hands in Aberfeldie, which puts it as the 399th most active market in VIC when comparing the number of sales per suburb.

Advertised rents are around the $490 mark per week – giving a return of 1.96% based on the median price in Suburb

A $325 per week rent on the median house gives suburb investors a gross yield of circa 2.52%, without taking into account capital value appreciation, which has been averaging out at 8.67%.

Metrics i HOUSE UNIT
$1,300,000 $670,000
-0.38% 1.52%
3.01% N/A
9.73% 8.67%
$490 $325
58 18
1.96% 2.52%
72.34 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 3621
Median household income ($/weekly) 1861
Median age of persons 39
Median housing loan repayment ($/monthly) 2300
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 561 15.5
    25-34 years 353 9.7
    35-44 years 520 14.4
    45-54 years 633 17.5
    55-64 years 424 11.7
    Others 1130 31.2
    Age Group
    Census Count Percent(%)
    Registered Married 1404 52.0
    Not Married 1149 42.6
    Defacto Relationship 147 5.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 2868 83.2
    Indonesia 54 1.6
    Japan 79 2.3
    United Kingdom 95 2.8
    Other 86 2.5
    Others 267 7.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 44 1.3
    Christianity 2657 79.1
    Hinduism 20 0.6
    Islam 77 2.3
    No Religion 547 16.3
    Others 15 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 95 8.4
    $1,500-$1,999 126 11.1
    $2,000-$2,499 108 9.5
    $2,500-$2,999 158 14.0
    $3,000-$3,499 114 10.1
    Others 530 46.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1160 41.8
    Not in the labour force 790 28.5
    Employed, worked part-time 651 23.5
    Employed, away from work 99 3.6
    Unemployed, looking for work 76 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 286 15.0
    Professionals 565 29.6
    Technicians & trades workers 170 8.9
    Clerical & administrative workers 338 17.7
    Sales 205 10.7
    Others 348 18.2
    Occupation
    Census Count Percent(%)
    Pre-school 54 5.2
    Infants/Primary 346 33.1
    Secondary 343 32.8
    Technical or Further Educational Institution 63 6.0
    University or other Tertiary Institutions 214 20.5
    Others 25 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2818 82.4
    Semi-detached, row or terrace house, townhouse 345 10.1
    Flat, unit or apartment 255 7.5
    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 502 40.7
    Being purchased 424 34.4
    Rented 302 24.5
    Other tenure type 6 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals