Suburb Profile Report for Fawkner VIC (3060)

Fawkner House: Median price $616,000, Annual capital growth 9.28%, Number of sales 188, Weekly median advertised rent $375

Fawkner Unit: Median price $391,000, Annual capital growth 6.56%, Number of sales 70, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Fawkner has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 14.60% to date .

While Fawkner,3060 ranked number 132th in VIC for increase in median house value (annualised) increase, it is ranked 211th over the last 5 years.

The most recent median price for Fawkner is $616000, with sellers offering an average of -2.45% off the asking price.

In the last year 188 properties changed hands in Fawkner, which puts it as the 123th most active market in VIC when comparing the number of sales per suburb.

A $375 per week rent on the median house gives suburb investors a gross yield of circa 3.17%, without taking into account capital value appreciation, which has been averaging out at 9.28%.

Over the last year, property investments in Fawkner, 3060 have given investors a capital gain of 4.27%. This compares averagely with the 4.28% for VIC as a whole.

If we look at median property appreciation over just the last three months, Fawkner has given property investors a paper return of -0.26%. This puts Suburb as 249 on a list of fastest fasting appreciating suburbs in VIC

Fawkner3060 is located in VIC which offers an average discount of -5.03% to property investors. Fawkner itself is showing figures that indicate -4.56% is the average achievable by property buyers investing in the suburb.

Renters in Suburb are facing rents around $4200 per annum or $350 every week.

YIP MAG Information supplied by:

YIP MAG
August 2015

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Located just 12km from the Melbourne CBD, Fawkner has a lot of potential for investors.Full summary Located just 12km from the Melbourne CBD, Fawkner has a lot of potential for investors.

The median house price of $450,000 is also much more affordable than surrounding suburbs such as Coburg North and Reservoir where the median house prices are $594,000 and $541,000 respectively.

The popularity of this suburb is shown by the vacancy rate of just 0.7%, according to Real Estate Investar.

The demand has seen the median price rise by 9% in the past 12 months, but there still seems to be plenty of potential for growth in the near-medium term given how much it is trailing its neighbours.

Some of its features include the shopping strip on Bonwick Street, the train stations of Gowrie and Fawkner, excellent bus options, great schools and a number of reserves.

Three- or four-bedroom houses on Brokely Rd are good options for families. 

They are within walking distance of Fawkner train station, schools and shops.Close
Metrics i HOUSE UNIT
$616,000 $391,000
5.30% -0.26%
14.60% 4.27%
9.28% 6.56%
$375 $350
188 70
3.17% 4.65%
49.02 72.95

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
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Demographics
Total population 12596
Median household income ($/weekly) 865
Median age of persons 37
Median housing loan repayment ($/monthly) 1625
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1600 12.7
    25-34 years 1796 14.3
    35-44 years 1633 13.0
    45-54 years 1384 11.0
    75-84 years 1220 9.7
    Others 4963 39.4
    Age Group
    Census Count Percent(%)
    Registered Married 4763 51.4
    Not Married 4183 45.2
    Defacto Relationship 314 3.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 5971 50.5
    Indonesia 405 3.4
    Japan 1651 14.0
    Malaysia 413 3.5
    Other 1277 10.8
    Others 2113 17.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 191 1.6
    Christianity 7261 61.8
    Hinduism 203 1.7
    Islam 3078 26.2
    No Religion 886 7.5
    Others 138 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 402 10.6
    $400-$599 573 15.1
    $600-$799 441 11.6
    $1,000-$1,249 406 10.7
    $1,500-$1,999 399 10.5
    Others 1574 41.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4783 51.1
    Employed, worked full-time 2576 27.5
    Employed, worked part-time 1336 14.3
    Unemployed, looking for work 352 3.8
    Employed, away from work 304 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 694 16.5
    Technicians & trades workers 656 15.6
    Clerical & administrative workers 577 13.7
    Sales 454 10.8
    Labourers 565 13.4
    Others 1271 30.1
    Occupation
    Census Count Percent(%)
    Pre-school 198 7.2
    Infants/Primary 948 34.5
    Secondary 756 27.5
    Technical or Further Educational Institution 271 9.9
    University or other Tertiary Institutions 416 15.1
    Others 160 5.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10778 91.1
    Flat, unit or apartment 514 4.3
    Semi-detached, row or terrace house, townhouse 513 4.3
    House or flat attached to a shop, office 26 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2002 49.2
    Being purchased 1030 25.3
    Rented 1007 24.7
    Other tenure type 33 0.8
    Tenure Type
Census 2011, ABS
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Recent sales & rentals