Suburb Profile Report for Airport West VIC (3042)

Airport West House: Median price $785,000, Annual capital growth 9.12%, Number of sales 132, Weekly median advertised rent $380

Airport West Unit: Median price $535,000, Annual capital growth 5.83%, Number of sales 62, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

Airport West is in the TOP 20% in VIC when comparing median price capital growth over the last year. Airport West gave property investors a very good capital gain figure when compared to the rest of the state, with 17.60%.

Airport West,3042 was ranked 573 in Australia by increase in median property value over the quarter.

Property buyers and investors in Airport West 3042 should be seeing an average reduction in asking price of around -2.82% . This means that Airport West is holding prices well when compared to other suburbs in VIC.

On average over the past year, suburb has had 11.00 sales per month, which equates to 132 per year.

Property investors should expect to get $380 weekly from the median priced house in this suburb.

Property investors who have had real estate in Airport West, 3042 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 7.00%

Taking the average capital gain, or increase in median house value, Airport West,3042 has racked up an average of 7.00% over the period. This ranks it number 864th in the whole country for real estate investors looking at median house price increases.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.87% offered to property buyers. Sellers in Airport West itself are offering an average vendor discount of -2.73% to real estate investors.

At number 261 in a list of fastest selling suburbs, Airport West is in the TOP 20% of suburbs in Australia with an average of days on market 48.85 for properties listed there.

Situated 12.10km from the CBD, Airport West is one of Moonee Valley localities in the postcode 3042.

Metrics i HOUSE UNIT
$785,000 $535,000
6.08% 0.00%
17.60% 7.00%
9.12% 5.83%
$380 $380
132 62
2.52% 3.69%
70.08 48.85

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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
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