Suburb Profile Report for Strathmore VIC (3041)

Strathmore House: Median price $1,118,000, Annual capital growth 7.63%, Number of sales 125, Weekly median advertised rent $520

Strathmore Unit: Median price $765,000, Annual capital growth 8.77%, Number of sales 21, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Strathmore, 3041 have given investors a capital gain of 10.26%. This compares averagely with the 8.96% for VIC as a whole.

Comparing Strathmore,3041 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Strathmore3041 is located in VIC which offers an average discount of -5.87% to property investors. Strathmore itself is showing figures that indicate -7.41% is the average achievable by property buyers investing in the suburb.

At number 1171 in a list of fastest selling suburbs, Strathmore is in the TOP 40% of suburbs in Australia with an average of days on market 64 for properties listed there.

Advertised rents are around the $520 mark per week – giving a return of 2.42% based on the median price in Suburb

Investment property in Strathmore has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 27.71%

Taking the average capital gain, or increase in median house value, Strathmore,3041 has racked up an average of 27.71% over the period. This ranks it number 413th in the whole country for real estate investors looking at median house price increases.

Our latest figures would indicate that property sellers in Strathmore are currently offering property investors an average price cut of -3.36% below the asking price at the moment.

Strathmore, 3041’s gross rental yield is 2.58%

Metrics i HOUSE UNIT
$1,118,000 $765,000
-0.18% 5.52%
10.26% 27.71%
7.63% 8.77%
$520 $380
125 21
2.42% 2.58%
64 64

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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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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Recent sales & rentals