Suburb Profile Report for Hadfield VIC (3046)

Hadfield House: Median price $591,000, Annual capital growth 8.12%, Number of sales 101, Weekly median advertised rent $360

Hadfield Unit: Median price $380,000, Annual capital growth 5.96%, Number of sales 43, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 7.45% for the last 12 months, Hadfield, 3046 has performed for property investments than its average annual 8.12% property growth over the last 5 years.

Hadfield,3046 has offered an average of 7.45% return per annum in house price rises to property investors over the last three years.

Property buyers and investors in Hadfield 3046 should be seeing an average reduction in asking price of around -4.70% . This means that Hadfield is holding prices well when compared to other suburbs in VIC.

In the last year 101 properties changed hands in Hadfield, which puts it as the 254th most active market in VIC when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $4320 per annum or $360 every week.

Hadfield is in the bottom 40% in VIC when comparing median price capital growth over the last year. Hadfield gave property investors a disappointing capital gain figure when compared to the rest of the state, with 0.00%.

Across a shorter period, Hadfield, 3046 has seen a median price increase of 2.70% over the last quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Hadfield, 3046. Typically our figures indicate that -6.52% is being offered, which puts this VIC suburb at 360th most discounted overall in Australia.

At number 604 in a list of fastest selling suburbs, Hadfield is just in the top half of suburbs in Australia with an average of days on market 70.55 for properties listed there.

The VIC suburb of Hadfield, 3046 is in the Moreland local government area.

HOUSE UNIT
$591,000 $380,000
1.90% 2.70%
7.45% 0.00%
8.12% 5.96%
$360 $330
101 43
3.17% 4.52%
53.23 70.55

Source: CoreLogic

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