Suburb Profile Report for Strathmore VIC (3041)

Strathmore House: Median price $1,120,000, Annual capital growth 7.82%, Number of sales 131, Weekly median advertised rent $500

Strathmore Unit: Median price $725,000, Annual capital growth 8.14%, Number of sales 22, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

Strathmore, 3041 ranked 188th in VIC when comparing growth in median property values or capital gain over the last 12 months. Strathmore is one of 2098 in our list for VIC

While Strathmore,3041 ranked number 601th in VIC for increase in median house value (annualised) increase, it is ranked 224th over the last 5 years.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.91% offered to property buyers. Sellers in Strathmore itself are offering an average vendor discount of -6.60% to real estate investors.

Strathmore is 527th on a list of best yielding suburbs for rents in VIC with a 2.32% return

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 21.85%.

Over the longer term, Strathmore has seen property prices show investors a 23.93% return over the last 3 years. This is worse than over the last 12 months

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.

At number 132 in a list of fastest selling suburbs, Strathmore is in the TOP 10% of suburbs in Australia with an average of days on market 42 for properties listed there.

Strathmore is 365th on a list of best yielding suburbs for rents in VIC with a 2.73% return

Metrics i HOUSE UNIT
$1,120,000 $725,000
-2.18% 4.77%
13.13% 21.85%
7.82% 8.14%
$500 $380
131 22
2.32% 2.73%
68.72 42

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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