Suburb Profile Report for Collingwood VIC (3066)

Collingwood House: Median price $878,000, Annual capital growth 8.39%, Number of sales 60, Weekly median advertised rent $550

Collingwood Unit: Median price $556,000, Annual capital growth 4.46%, Number of sales 165, Weekly median advertised rent $470

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: CoreLogic

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  • Unit Report
  • Expert Report

If you compare the increase in value of investment property in Collingwood, 3066 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 3.54%.

The five-year average increase in median property values for Collingwood,3066 has given property investors a potential capital gain of 18.65% across each of those five years.

Vendor discounting in Collingwood is giving property investors an average Vendor Discount of around -4.58%. This puts suburb at number 450th in VIC when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Collingwood the average time real estate has been on the market is 39.5 days.

With the median price for a house in Collingwood being $878000 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 3.26%

At number 915th in the list of Australian suburbs ordered by increase in median house value over the last year, Collingwood, 3066 is in the BOTTOM 50% with a property value increase of 2.49% recorded in median house prices.

Comparing Collingwood,3066 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

LACK OF BUYER INTEREST may well be the reason that Collingwood is offering property investors an average of -5.22. This rate of discount on properties puts Suburb at number 77th in terms of most discounted suburbs in VIC

On average over the past year, suburb has had 13.75 sales per month, which equates to 165 per year.

With the median price for a house in Collingwood being $556000 and the advertised rent reaching $470 the gross rental yield for property investors calculates out to be 4.40%

Alana Coleman & Gillian Powell Information supplied by:

Alana Coleman & Gillian Powell
Caine Real Estate

M 0447-393012
O 0447393016

W acoleman@caine.com.au, gpowell@caine.com.au
E www.caine.com.au
Investment property in Suburb has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.98%

Comparing Collingwood,3066 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.56% offered to property buyers. Sellers in Collingwood itself are offering an average vendor discount of -7.82% to real estate investors.

On average over the past year, suburb has had 5.25 sales per month, which equates to 63 per year.

With the median price for a house in Collingwood being $730000 and the advertised rent reaching $520 the gross rental yield for property investors calculates out to be 3.70%Full summary
Investment property in Suburb has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.98%
 
Comparing Collingwood,3066 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period.
 
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.56% offered to property buyers. Sellers in Collingwood itself are offering an average vendor discount of -7.82% to real estate investors.
 
On average over the past year, suburb has had 5.25 sales per month, which equates to 63 per year.
 
With the median price for a house in Collingwood being $730000 and the advertised rent reaching $520 the gross rental yield for property investors calculates out to be 3.70%
 
Selling points: 3km to CBD, one of the oldest suburbs in Melbourne, divers culture & shopping, historic buildings, 19th century dwellings.
 
Most sought-after properties: Warehouse conversions
 
Most common properties: Terraces (houses) and warehouse conversions.
 
Top amenities: Cafe's, Restaurants, transport link, close to gent CBD
 
Local industry and business: Close to EM medical, Administration Capital
 
Recent Changes: New developments in stanley street
 
Best streets: Oxford street, Stanley Street, Combridge street
 
Public transport: Trams on smith street/gertrude st melbourne, johnson st/ Peel st. etc.
 
Main arteries: Collingwood train station

 

Close
HOUSE UNIT
$878,000 $556,000
0.23% 0.18%
3.54% 2.49%
8.39% 4.46%
$550 $470
60 165
3.26% 4.40%
39.5 79.97

Source: CoreLogic

DSR Score for property investment : Above average (U), Very good (H)
Find a mortgage broker in Collingwood VIC
Demographics
Total population 6467
Median household income ($/weekly) 1278
Median age of persons 32
Median housing loan repayment ($/monthly) 2167
Average household size 2
  • Census Count Percent(%)
    5-14 years 445 6.9
    20-24 years 513 7.9
    25-34 years 2045 31.6
    35-44 years 1193 18.4
    45-54 years 724 11.2
    Others 1547 23.9
    Age Group
    Census Count Percent(%)
    Not Married 2716 58.2
    Registered Married 1041 22.3
    Defacto Relationship 913 19.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 3492 62.3
    Papua New Guinea 206 3.7
    United Kingdom 227 4.0
    Viet Nam 381 6.8
    Other 545 9.7
    Others 755 13.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 492 9.2
    Christianity 2031 37.8
    Islam 454 8.5
    Other Religious Groups 38 0.7
    No Religion 2304 42.9
    Others 49 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 213 8.8
    $400-$599 193 8.0
    $1,500-$1,999 253 10.4
    $2,000-$2,499 201 8.3
    $2,500-$2,999 271 11.2
    Others 1295 53.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2369 48.4
    Not in the labour force 1340 27.4
    Employed, worked part-time 795 16.2
    Unemployed, looking for work 240 4.9
    Employed, away from work 155 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 480 14.5
    Professionals 1318 39.7
    Technicians & trades workers 288 8.7
    Community & personal service workers 282 8.5
    Clerical & administrative workers 402 12.1
    Others 549 16.5
    Occupation
    Census Count Percent(%)
    Infants/Primary 216 16.8
    Secondary 159 12.3
    Technical or Further Educational Institution 223 17.3
    University or other Tertiary Institutions 537 41.7
    Other type of educational institution 86 6.7
    Others 67 5.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Semi-detached, row or terrace house, townhouse 2551 45.9
    Flat, unit or apartment 2108 37.9
    Separate house 811 14.6
    House or flat attached to a shop, office 87 1.6
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1733 65.4
    Being purchased 607 22.9
    Fully owned 296 11.2
    Other tenure type 12 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals