Suburb Profile Report for Bundoora VIC (3083)

Bundoora House: Median price $660,000, Annual capital growth 7.67%, Number of sales 306, Weekly median advertised rent $390

Bundoora Unit: Median price $378,000, Annual capital growth 3.97%, Number of sales 181, Weekly median advertised rent $345

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Bundoora, 3083 have given investors a capital gain of 6.80%. This compares badly with the 8.96% for VIC as a whole.

A 37.50% growth in median value for property investors in Bundoora,3083 puts this suburb at number 405th in terms of best performing suburbs in VIC

Vendor discounting in Bundoora is giving property investors an average Vendor Discount of around -15.04%. This puts suburb at number 11th in VIC when ranking the most discounted suburbs.

Renters in Suburb are facing rents around $4680 per annum or $390 every week.

Investment property in Bundoora has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.08%

Comparing Bundoora,3083 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

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 Bundoora, 3083. Typically our figures indicate that -6.32% is being offered, which puts this VIC suburb at 411th most discounted overall in Australia.

In the last year 181 properties changed hands in Bundoora, which puts it as the 41th most active market in VIC when comparing the number of sales per suburb.

A $345 per week rent on the median house gives suburb investors a gross yield of circa 4.75%, without taking into account capital value appreciation, which has been averaging out at 3.97%.

Metrics i HOUSE UNIT
$660,000 $378,000
1.54% 0.80%
6.80% -3.08%
7.67% 3.97%
$390 $345
306 181
3.07% 4.75%
62.8 83.3

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 25709
Median household income ($/weekly) 1225
Median age of persons 35
Median housing loan repayment ($/monthly) 1810
Average household size 2.8
  • Census Count Percent(%)
    20-24 years 3130 12.2
    25-34 years 3596 14.0
    35-44 years 3530 13.7
    45-54 years 3100 12.1
    55-64 years 2837 11.0
    Others 9516 37.0
    Age Group
    Census Count Percent(%)
    Registered Married 9844 52.0
    Not Married 8154 43.0
    Defacto Relationship 945 5.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 15072 62.1
    Croatia 1824 7.5
    Indonesia 602 2.5
    Japan 763 3.1
    Other 1250 5.2
    Others 4752 19.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 1027 4.4
    Christianity 15810 67.0
    Hinduism 685 2.9
    Islam 1003 4.2
    No Religion 4860 20.6
    Others 220 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 763 10.2
    $600-$799 691 9.2
    $800-$999 691 9.2
    $1,500-$1,999 1028 13.7
    $2,000-$2,499 750 10.0
    Others 3569 47.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 7901 38.7
    Employed, worked full-time 7070 34.6
    Employed, worked part-time 3773 18.5
    Unemployed, looking for work 891 4.4
    Employed, away from work 778 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 1256 10.8
    Professionals 2446 21.1
    Technicians & trades workers 1576 13.6
    Clerical & administrative workers 1943 16.7
    Sales 1301 11.2
    Others 3094 26.6
    Occupation
    Census Count Percent(%)
    Pre-school 407 5.6
    Infants/Primary 1684 23.0
    Secondary 1429 19.5
    Technical or Further Educational Institution 463 6.3
    University or other Tertiary Institutions 3104 42.4
    Others 230 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 21068 91.0
    Flat, unit or apartment 1054 4.6
    Semi-detached, row or terrace house, townhouse 1034 4.5
    House or flat attached to a shop, office 6 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 3351 41.3
    Being purchased 2953 36.4
    Rented 1743 21.5
    Other tenure type 74 0.9
    Tenure Type
Census 2011, ABS
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Recent sales & rentals