Suburb Profile Report for Strathmore VIC (3041)

Strathmore House: Median price $1,150,000, Annual capital growth 8.12%, Number of sales 112, Weekly median advertised rent $530

Strathmore Unit: Median price $765,000, Annual capital growth 8.55%, Number of sales 21, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

Strathmore is an average performer in VIC when comparing median price capital growth over the last year. Strathmore gave property investors a average capital gain figure when compared to the rest of the state, with 9.52%.

Strathmore,3041 was ranked 915 in Australia by increase in median property value over the quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Strathmore, 3041. Typically our figures indicate that -5.70% is being offered, which puts this VIC suburb at 1841th most discounted overall in Australia.

In the last year 112 properties changed hands in Strathmore, which puts it as the 237th most active market in VIC when comparing the number of sales per suburb.

A $530 per week rent on the median house gives suburb investors a gross yield of circa 2.40%, without taking into account capital value appreciation, which has been averaging out at 8.12%.

If you compare the increase in value of investment property in Strathmore, 3041 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 24.39%.

While Strathmore,3041 ranked number 184th in VIC for increase in median house value (annualised) increase, it is ranked 78th over the last 5 years.

Strathmore3041 is located in VIC which offers an average discount of -4.87% to property investors. Strathmore itself is showing figures that indicate -2.90% is the average achievable by property buyers investing in the suburb.

On average over the past year, suburb has had 1.75 sales per month, which equates to 21 per year.

Strathmore, 3041’s gross rental yield is 2.72%

Metrics i HOUSE UNIT
$1,150,000 $765,000
4.45% 1.46%
9.52% 24.39%
8.12% 8.55%
$530 $400
112 21
2.40% 2.72%
59.65 65.16

Source: CoreLogic

DSR Score for property investment : Good (H), Balanced (U)
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Demographics
Total population 8110
Median household income ($/weekly) 1796
Median age of persons 40
Median housing loan repayment ($/monthly) 2050
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 1168 14.4
    15-19 years 679 8.4
    35-44 years 1108 13.7
    45-54 years 1340 16.5
    55-64 years 987 12.2
    Others 2827 34.9
    Age Group
    Census Count Percent(%)
    Registered Married 3324 54.8
    Not Married 2464 40.6
    Defacto Relationship 278 4.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 6462 83.0
    Indonesia 79 1.0
    Japan 195 2.5
    United Kingdom 209 2.7
    Other 177 2.3
    Others 659 8.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 107 1.4
    Christianity 5708 76.1
    Hinduism 58 0.8
    Islam 162 2.2
    No Religion 1433 19.1
    Others 29 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 189 7.9
    $1,500-$1,999 288 12.0
    $2,000-$2,499 243 10.1
    $2,500-$2,999 301 12.5
    $3,000-$3,499 248 10.3
    Others 1131 47.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2521 40.5
    Not in the labour force 1928 31.0
    Employed, worked part-time 1369 22.0
    Employed, away from work 236 3.8
    Unemployed, looking for work 171 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 642 15.6
    Professionals 1109 26.9
    Technicians & trades workers 448 10.9
    Clerical & administrative workers 739 17.9
    Sales 434 10.5
    Others 751 18.2
    Occupation
    Census Count Percent(%)
    Pre-school 144 6.5
    Infants/Primary 774 34.7
    Secondary 706 31.6
    Technical or Further Educational Institution 135 6.1
    University or other Tertiary Institutions 429 19.2
    Others 43 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7033 91.2
    Semi-detached, row or terrace house, townhouse 423 5.5
    Flat, unit or apartment 232 3.0
    House or flat attached to a shop, office 23 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1229 46.6
    Being purchased 1000 38.0
    Rented 397 15.1
    Other tenure type 9 0.3
    Tenure Type
Census 2011, ABS
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