Suburb Profile Report for Airport West VIC (3042)

Airport West House: Median price $680,000, Annual capital growth 8.40%, Number of sales 120, Weekly median advertised rent $375

Airport West Unit: Median price $510,000, Annual capital growth 5.80%, Number of sales 59, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

Airport West, 3042 ranked 233th in VIC when comparing growth in median property values or capital gain over the last 12 months. Airport West is one of 2098 in our list for VIC

Airport West,3042 was ranked 1153 in Australia by increase in median property value over the quarter.

Vendor discounting in Airport West is giving property investors an average Vendor Discount of around -4.39%. This puts suburb at number 467th in VIC when ranking the most discounted suburbs.

In the last year 120 properties changed hands in Airport West, which puts it as the 212th most active market in VIC when comparing the number of sales per suburb.

Situated 12.23km from the CBD, Airport West is one of Moonee Valley localities in the postcode 3042.

Investment property in Airport West has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.68%

While Airport West,3042 ranked number 114th in VIC for increase in median house value (annualised) increase, it is ranked 155th over the last 5 years.

At number 315th of VIC’s most discounted properties, Airport West is in the TOP 10% of the state/territory when listing in order of most discounted to least.

In the last year 59 properties changed hands in Airport West, which puts it as the 158th most active market in VIC when comparing the number of sales per suburb.

Using the current median advertised rental of $360 and the average annual increase in value of a median property of 5.80%, investors should hope to achieve an overall return of 3.67%

HOUSE UNIT
$680,000 $510,000
2.26% 1.59%
11.11% 9.68%
8.40% 5.80%
$375 $360
120 59
2.87% 3.67%
86.11 64.65

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
Find a mortgage broker in Airport West VIC
Demographics
Total population 6958
Median household income ($/weekly) 1141
Median age of persons 40
Median housing loan repayment ($/monthly) 1863
Average household size 2.4
  • Census Count Percent(%)
    25-34 years 1024 14.7
    35-44 years 1094 15.7
    45-54 years 846 12.2
    55-64 years 767 11.0
    65-74 years 693 10.0
    Others 2534 36.4
    Age Group
    Census Count Percent(%)
    Registered Married 2675 48.2
    Not Married 2471 44.5
    Defacto Relationship 406 7.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 4725 71.3
    Indonesia 129 1.9
    Japan 619 9.3
    United Kingdom 137 2.1
    Other 215 3.2
    Others 803 12.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 128 2.0
    Christianity 5027 77.8
    Hinduism 113 1.7
    Islam 103 1.6
    No Religion 1066 16.5
    Others 21 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 317 12.5
    $600-$799 248 9.8
    $1,250-$1,499 228 9.0
    $1,500-$1,999 312 12.3
    $2,000-$2,499 244 9.6
    Others 1184 46.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2164 38.7
    Not in the labour force 2145 38.3
    Employed, worked part-time 910 16.3
    Employed, away from work 219 3.9
    Unemployed, looking for work 158 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 342 10.4
    Professionals 604 18.3
    Technicians & trades workers 548 16.6
    Clerical & administrative workers 620 18.8
    Sales 339 10.3
    Others 843 25.6
    Occupation
    Census Count Percent(%)
    Pre-school 102 8.3
    Infants/Primary 415 33.9
    Secondary 314 25.6
    Technical or Further Educational Institution 124 10.1
    University or other Tertiary Institutions 210 17.1
    Others 60 4.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5443 81.4
    Flat, unit or apartment 697 10.4
    Semi-detached, row or terrace house, townhouse 544 8.1
    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 1265 46.5
    Being purchased 815 30.0
    Rented 627 23.0
    Other tenure type 14 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals