Suburb Profile Report for Abbotsford VIC (3067)

Abbotsford House: Median price $1,210,000, Annual capital growth 10.28%, Number of sales 59, Weekly median advertised rent $600

Abbotsford Unit: Median price $560,000, Annual capital growth 4.52%, Number of sales 166, Weekly median advertised rent $430

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 31.88% for the last 12 months, Abbotsford, 3067 has performed for property investments than its average annual 10.28% property growth over the last 5 years.

Abbotsford,3067 was ranked 775 in Australia by increase in median property value over the quarter.

Vendor discounting in Abbotsford is giving property investors an average Vendor Discount of around -3.12%. This puts suburb at number 554th in VIC when ranking the most discounted suburbs.

On average over the past year, suburb has had 4.92 sales per month, which equates to 59 per year.

With the median price for a house in Abbotsford being $1210000 and the advertised rent reaching $600 the gross rental yield for property investors calculates out to be 2.58%

VIC has seen average median house prices change by 4.28% which means that Abbotsford, 3067 has done well for property investors by showing a capital gain of -0.88% over the last year

The five-year average increase in median property values for Abbotsford,3067 has given property investors a potential capital gain of 2.80% across each of those five years.

Property buyers and investors in Abbotsford 3067 should be seeing an average reduction in asking price of around -5.47% . This means that Abbotsford is holding prices well when compared to other suburbs in VIC.

At number 1159 in a list of fastest selling suburbs, Abbotsford is in the bottom 30% of suburbs in Australia with an average of days on market 102.67 for properties listed there.

With the median price for a house in Abbotsford being $560000 and the advertised rent reaching $430 the gross rental yield for property investors calculates out to be 3.99%

Metrics i HOUSE UNIT
$1,210,000 $560,000
5.22% -1.75%
31.88% -0.88%
10.28% 4.52%
$600 $430
59 166
2.58% 3.99%
54.25 102.67

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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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
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Recent sales & rentals