Suburb Profile Report for Airport West VIC (3042)

Airport West House: Median price $801,250, Annual capital growth 8.79%, Number of sales 129, Weekly median advertised rent $390

Airport West Unit: Median price $556,500, Annual capital growth 6.20%, Number of sales 58, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Airport West, 3042 should be 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 16.46%

Across a shorter period, Airport West, 3042 has seen a median price increase of 4.74% over the last quarter.

Our latest figures would indicate that property sellers in Airport West are currently offering property investors an average price cut of -2.66% below the asking price at the moment.

Airport West is 462th on a list of best yielding suburbs for rents in VIC with a 2.53% return

At number 550th in the list of Australian suburbs ordered by increase in median house value over the last year, Airport West, 3042 is in the top 40% with a property value increase of 9.12% recorded in median house prices.

Over the longer term, Airport West has seen property prices show investors a 19.68% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Airport West is offering property investors an average of -4.68. This rate of discount on properties puts Suburb at number 211th in terms of most discounted suburbs in VIC

Metrics i HOUSE UNIT
$801,250 $556,500
4.74% 4.02%
16.46% 9.12%
8.79% 6.20%
$390 $380
129 58
2.53% 3.55%
51.76 51.37

Source: CoreLogic

DSR Score for property investment : Very good (H), Very 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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