Suburb Profile Report for Hadfield VIC (3046)

Hadfield House: Median price $672,500, Annual capital growth 9.47%, Number of sales 111, Weekly median advertised rent $381

Hadfield Unit: Median price $450,000, Annual capital growth 7.50%, Number of sales 42, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Hadfield, 3046 have given investors a capital gain of 17.98%. This compares very favourably with the 10.43% for VIC as a whole.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Hadfield has increased when compared to the 5 year average annual rate.

LACK OF BUYER INTEREST may well be the reason that Hadfield is offering property investors an average of -5.53. This rate of discount on properties puts Suburb at number 341th in terms of most discounted suburbs in VIC

Residents and property investors in Hadfield have been waiting around 62.12 days to sell a property.

Using the current median advertised rental of $381 and the average annual increase in value of a median property of 9.47%, investors should hope to achieve an overall return of 2.95%

Property value increases in Hadfield have tracked higher than the VIC average of 4.79% over the last 12 months.

Taking the average capital gain, or increase in median house value, Hadfield,3046 has racked up an average of 21.62% over the period. This ranks it number 499th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in Hadfield 3046 should be seeing an average reduction in asking price of around -3.13% . This means that Hadfield is holding prices well when compared to other suburbs in VIC.

Advertised rents are around the $330 mark per week – giving a return of 3.81% based on the median price in Suburb

Metrics i HOUSE UNIT
$672,500 $450,000
4.10% -1.64%
17.98% 21.62%
9.47% 7.50%
$381 $330
111 42
2.95% 3.81%
62.12 75.52

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 5366
Median household income ($/weekly) 914
Median age of persons 39
Median housing loan repayment ($/monthly) 1733
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 623 11.6
    25-34 years 719 13.4
    35-44 years 715 13.3
    45-54 years 655 12.2
    65-74 years 546 10.2
    Others 2108 39.3
    Age Group
    Census Count Percent(%)
    Registered Married 2071 51.5
    Not Married 1752 43.5
    Defacto Relationship 202 5.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 3183 64.4
    Japan 430 8.7
    Malaysia 178 3.6
    Netherlands 132 2.7
    Other 260 5.3
    Others 760 15.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 67 1.4
    Christianity 3333 68.3
    Hinduism 42 0.9
    Islam 922 18.9
    No Religion 489 10.0
    Others 25 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 173 10.0
    $400-$599 269 15.5
    $600-$799 191 11.0
    $800-$999 179 10.3
    $1,500-$1,999 206 11.9
    Others 720 41.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1893 46.6
    Employed, worked full-time 1307 32.2
    Employed, worked part-time 610 15.0
    Employed, away from work 140 3.4
    Unemployed, looking for work 115 2.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 286 13.9
    Technicians & trades workers 369 18.0
    Clerical & administrative workers 329 16.0
    Sales 229 11.1
    Machinery operators & drivers 228 11.1
    Others 613 29.8
    Occupation
    Census Count Percent(%)
    Pre-school 68 6.5
    Infants/Primary 364 35.0
    Secondary 323 31.1
    Technical or Further Educational Institution 104 10.0
    University or other Tertiary Institutions 145 14.0
    Others 35 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4442 89.0
    Semi-detached, row or terrace house, townhouse 322 6.5
    Flat, unit or apartment 212 4.2
    House or flat attached to a shop, office 10 0.2
    Improvised home, tent, sleepers out 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 913 48.3
    Being purchased 534 28.3
    Rented 435 23.0
    Other tenure type 7 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals