Suburb Profile Report for Clifton Hill VIC (3068)

Clifton Hill House: Median price $1,411,250, Annual capital growth 9.33%, Number of sales 80, Weekly median advertised rent $650

Clifton Hill Unit: Median price $644,250, Annual capital growth 6.01%, Number of sales 43, Weekly median advertised rent $385

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 21.45% for the last 12 months, Clifton Hill, 3068 has performed for property investments than its average annual 9.33% property growth over the last 5 years.

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

At number 311 in a list of fastest selling suburbs, Clifton Hill is in the TOP 10% of suburbs in Australia with an average of days on market 37.21 for properties listed there.

A $650 per week rent on the median house gives suburb investors a gross yield of circa 2.40%, without taking into account capital value appreciation, which has been averaging out at 9.33%.

Property investors who have had real estate in Clifton Hill, 3068 should be relatively pleased 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 7.60%

Over the longer term, Clifton Hill has seen property prices show investors a 14.23% return over the last 3 years. This is worse than over the last 12 months

Our latest figures would indicate that property sellers in Clifton Hill are currently offering property investors an average price cut of -4.08% below the asking price at the moment.

Residents and property investors in Clifton Hill have been waiting around 53.96 days to sell a property.

The VIC suburb of Clifton Hill, 3068 is in the Yarra local government area.

Metrics i HOUSE UNIT
$1,411,250 $644,250
2.64% 3.83%
21.45% 7.60%
9.33% 6.01%
$650 $385
80 43
2.40% 3.11%
37.21 53.96

Source: CoreLogic

DSR Score for property investment : Very good (H), Very good (U)
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Demographics
Total population 5791
Median household income ($/weekly) 1956
Median age of persons 36
Median housing loan repayment ($/monthly) 2167
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 484 8.4
    25-34 years 1261 21.8
    35-44 years 1091 18.8
    45-54 years 788 13.6
    55-64 years 691 11.9
    Others 1477 25.5
    Age Group
    Census Count Percent(%)
    Not Married 2051 46.6
    Registered Married 1534 34.9
    Defacto Relationship 813 18.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 4231 77.0
    Hong Kong 118 2.1
    Papua New Guinea 143 2.6
    United Kingdom 289 5.3
    Other 158 2.9
    Others 559 10.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 135 2.6
    Christianity 2206 42.0
    Islam 53 1.0
    Judaism 50 1.0
    No Religion 2775 52.8
    Others 37 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 232 11.0
    $2,000-$2,499 190 9.0
    $2,500-$2,999 325 15.4
    $3,000-$3,499 189 9.0
    $4,000 or more 222 10.5
    Others 953 45.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2274 48.1
    Not in the labour force 1059 22.4
    Employed, worked part-time 1057 22.4
    Employed, away from work 182 3.9
    Unemployed, looking for work 153 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 555 15.8
    Professionals 1652 47.0
    Technicians & trades workers 250 7.1
    Community & personal service workers 248 7.1
    Clerical & administrative workers 395 11.2
    Others 415 11.8
    Occupation
    Census Count Percent(%)
    Pre-school 98 7.1
    Infants/Primary 358 26.1
    Secondary 208 15.1
    Technical or Further Educational Institution 119 8.7
    University or other Tertiary Institutions 542 39.4
    Others 49 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Semi-detached, row or terrace house, townhouse 2588 48.9
    Separate house 1852 35.0
    Flat, unit or apartment 829 15.7
    House or flat attached to a shop, office 22 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 916 39.6
    Being purchased 716 31.0
    Fully owned 670 29.0
    Other tenure type 9 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals