Suburb Profile Report for Abbotsford VIC (3067)

Abbotsford House: Median price $1,147,500, Annual capital growth 10.57%, Number of sales 61, Weekly median advertised rent $600

Abbotsford Unit: Median price $565,000, Annual capital growth 6.29%, Number of sales 163, Weekly median advertised rent $440

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 122th in the list of Australian suburbs ordered by increase in median house value over the last year, Abbotsford, 3067 is in the top 10% with a property value increase of 27.50% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Abbotsford,3067 has racked up an average of 27.50% over the period. This ranks it number 292th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Abbotsford is giving property investors an average Vendor Discount of around -4.60%. This puts suburb at number 413th in VIC when ranking the most discounted suburbs.

At number 1394 in a list of fastest selling suburbs, Abbotsford is in the TOP 40% of suburbs in Australia with an average of days on market 69.53 for properties listed there.

A $600 per week rent on the median house gives suburb investors a gross yield of circa 2.72%, without taking into account capital value appreciation, which has been averaging out at 10.57%.

Abbotsford, 3067 ranked 144th in VIC when comparing growth in median property values or capital gain over the last 12 months. Abbotsford is one of 2098 in our list for VIC

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Abbotsford has increased when compared to the 5 year average annual rate.

Sellers are offering property buyers an average discount of -7.19% to buyers in Abbotsford at the moment, which is less than average for the rest of VIC.

With the median price for a house in Abbotsford being $565000 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 4.05%

Metrics i HOUSE UNIT
$1,147,500 $565,000
1.55% -0.88%
27.50% 5.61%
10.57% 6.29%
$600 $440
61 163
2.72% 4.05%
69.53 105.96

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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Demographics
Total population 4907
Median household income ($/weekly) 1793
Median age of persons 35
Median housing loan repayment ($/monthly) 2200
Average household size 2.3
  • Census Count Percent(%)
    20-24 years 378 7.7
    25-34 years 1400 28.5
    35-44 years 846 17.2
    45-54 years 600 12.2
    55-64 years 475 9.7
    Others 1208 24.6
    Age Group
    Census Count Percent(%)
    Not Married 1879 52.8
    Registered Married 1024 28.8
    Defacto Relationship 658 18.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2903 67.3
    Papua New Guinea 139 3.2
    United Kingdom 191 4.4
    Viet Nam 355 8.2
    Other 135 3.1
    Others 593 13.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 385 9.5
    Christianity 1676 41.2
    Hinduism 29 0.7
    Judaism 29 0.7
    No Religion 1907 46.9
    Others 44 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 198 12.1
    $2,000-$2,499 154 9.4
    $2,500-$2,999 216 13.2
    $3,000-$3,499 131 8.0
    $4,000 or more 160 9.8
    Others 781 47.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1890 48.4
    Not in the labour force 987 25.3
    Employed, worked part-time 730 18.7
    Employed, away from work 161 4.1
    Unemployed, looking for work 133 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 427 15.3
    Professionals 1144 41.1
    Technicians & trades workers 221 7.9
    Community & personal service workers 241 8.7
    Clerical & administrative workers 334 12.0
    Others 417 15.0
    Occupation
    Census Count Percent(%)
    Pre-school 46 5.1
    Infants/Primary 170 18.8
    Secondary 123 13.6
    Technical or Further Educational Institution 96 10.6
    University or other Tertiary Institutions 422 46.7
    Others 46 5.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Semi-detached, row or terrace house, townhouse 1709 41.8
    Separate house 1283 31.4
    Flat, unit or apartment 1072 26.2
    House or flat attached to a shop, office 28 0.7
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 766 42.3
    Being purchased 599 33.1
    Fully owned 437 24.1
    Other tenure type 10 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals