Suburb Profile Report for Fawkner VIC (3060)

Fawkner House: Median price $626,000, Annual capital growth 9.51%, Number of sales 195, Weekly median advertised rent $380

Fawkner Unit: Median price $391,500, Annual capital growth 6.33%, Number of sales 64, Weekly median advertised rent $345

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

VIC has seen average median house prices change by 9.78% which means that Fawkner, 3060 has done well for property investors by showing a capital gain of 15.39% over the last year

Taking the average capital gain, or increase in median house value, Fawkner,3060 has racked up an average of 15.39% over the period. This ranks it number 497th in the whole country for real estate investors looking at median house price increases.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.71% offered to property buyers. Sellers in Fawkner itself are offering an average vendor discount of -2.72% to real estate investors.

Property investors should expect to get $380 weekly from the median priced house in this suburb.

Property investors who have had real estate in Fawkner, 3060 should be ok 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 3.03%

Fawkner,3060 was ranked 1121 in Australia by increase in median property value over the quarter.

At number 195th of VIC’s most discounted properties, Fawkner is in the TOP 40% of the state/territory when listing in order of most discounted to least.

On average over the past year, suburb has had 5.33 sales per month, which equates to 64 per year.

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
$626,000 $391,500
7.01% -0.25%
15.39% 3.03%
9.51% 6.33%
$380 $345
195 64
3.16% 4.58%
50.34 65.23

Source: CoreLogic

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