Suburb Profile Report for Princes Hill VIC (3054)

Princes Hill House: Median price $1,412,000, Annual capital growth 7.49%, Number of sales 14, Weekly median advertised rent $685

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

Source: CoreLogic

  • House Report

If you compare the increase in value of investment property in Princes Hill, 3054 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 10.31%.

Princes Hill,3054 was ranked 1259 in Australia by increase in median property value over the quarter.

With the median price for a house in Princes Hill being $1412000 and the advertised rent reaching $685 the gross rental yield for property investors calculates out to be 2.52%

HOUSE UNIT
$1,412,000 N/A
2.99% N/A
10.31% N/A
7.49% N/A
$685 N/A
14 N/A
2.52% N/A
N/A N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Princes Hill VIC
Demographics
Total population 2075
Median household income ($/weekly) 1636
Median age of persons 36
Median housing loan repayment ($/monthly) 2150
Average household size 2.3
  • Census Count Percent(%)
    20-24 years 212 10.2
    25-34 years 430 20.7
    35-44 years 268 12.9
    45-54 years 261 12.6
    55-64 years 242 11.7
    Others 663 31.9
    Age Group
    Census Count Percent(%)
    Not Married 813 50.4
    Registered Married 583 36.1
    Defacto Relationship 217 13.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 1456 74.4
    Japan 57 2.9
    Papua New Guinea 49 2.5
    United Kingdom 86 4.4
    Other 98 5.0
    Others 211 10.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 32 1.7
    Christianity 875 46.9
    Islam 69 3.7
    Judaism 19 1.0
    No Religion 847 45.4
    Others 22 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 58 7.6
    $1,500-$1,999 79 10.4
    $2,500-$2,999 110 14.5
    $3,000-$3,499 57 7.5
    $4,000 or more 75 9.9
    Others 382 50.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 712 41.4
    Not in the labour force 511 29.7
    Employed, worked part-time 348 20.3
    Employed, away from work 75 4.4
    Unemployed, looking for work 72 4.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 144 12.7
    Professionals 568 50.0
    Community & personal service workers 79 6.9
    Clerical & administrative workers 132 11.6
    Sales 73 6.4
    Others 141 12.4
    Occupation
    Census Count Percent(%)
    Pre-school 26 5.2
    Infants/Primary 105 20.9
    Secondary 95 18.9
    Technical or Further Educational Institution 33 6.6
    University or other Tertiary Institutions 228 45.3
    Others 16 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Semi-detached, row or terrace house, townhouse 1166 61.3
    Flat, unit or apartment 404 21.2
    Separate house 333 17.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 390 46.5
    Fully owned 283 33.7
    Being purchased 147 17.5
    Other tenure type 19 2.3
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals