Suburb Profile Report for Abbotsford VIC (3067)

Abbotsford House: Median price $1,172,500, Annual capital growth 10.18%, Number of sales 61, Weekly median advertised rent $600

Abbotsford Unit: Median price $565,000, Annual capital growth 5.94%, Number of sales 168, Weekly median advertised rent $440

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

Source: CoreLogic

  • House Report
  • Unit Report

VIC has seen average median house prices change by 8.96% which means that Abbotsford, 3067 has done well for property investors by showing a capital gain of 29.20% over the last year

Across a shorter period, Abbotsford, 3067 has seen a median price increase of 1.96% over the last quarter.

Sellers are offering property buyers an average discount of -4.01% to buyers in Abbotsford at the moment, which is less than average for the rest of VIC.

On average over the past year, suburb has had 5.08 sales per month, which equates to 61 per year.

Abbotsford, 3067’s gross rental yield is 2.66%

Abbotsford is an average performer in VIC when comparing median price capital growth over the last year. Abbotsford gave property investors a good capital gain figure when compared to the rest of the state, with 7.21%.

Across a shorter period, Abbotsford, 3067 has seen a median price increase of -1.09% over the last quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Abbotsford, 3067. Typically our figures indicate that -5.76% is being offered, which puts this VIC suburb at 538th most discounted overall in Australia.

In the last year 168 properties changed hands in Abbotsford, which puts it as the 47th most active market in VIC when comparing the number of sales per suburb.

Using the current median advertised rental of $440 and the average annual increase in value of a median property of 5.94%, investors should hope to achieve an overall return of 4.05%

Metrics i HOUSE UNIT
$1,172,500 $565,000
1.96% -1.09%
29.20% 7.21%
10.18% 5.94%
$600 $440
61 168
2.66% 4.05%
76.07 104.35

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