Suburb Profile Report for Bundoora VIC (3083)

Bundoora House: Median price $640,750, Annual capital growth 7.54%, Number of sales 283, Weekly median advertised rent $380

Bundoora Unit: Median price $379,000, Annual capital growth 3.78%, Number of sales 137, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report
  • Unit Report

Bundoora is an average performer in VIC when comparing median price capital growth over the last year. Bundoora gave property investors a average capital gain figure when compared to the rest of the state, with 6.97%.

A 31.57% growth in median value for property investors in Bundoora,3083 puts this suburb at number 355th in terms of best performing suburbs in VIC

Our latest figures would indicate that property sellers in Bundoora are currently offering property investors an average price cut of -13.35% below the asking price at the moment.

On average over the past year, suburb has had 23.58 sales per month, which equates to 283 per year.

Bundoora is 397th on a list of best yielding suburbs for rents in VIC with a 3.08% return

Property investors who have had real estate in Bundoora, 3083 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.70%

A -5.13% growth in median value for property investors in Bundoora,3083 puts this suburb at number 223th in terms of best performing suburbs in VIC

At number 61th of VIC’s most discounted properties, Bundoora is in the bottom 20% of the state/territory when listing in order of most discounted to least.

Using the current median advertised rental of $340 and the average annual increase in value of a median property of 3.78%, investors should hope to achieve an overall return of 4.66%

HOUSE UNIT
$640,750 $379,000
1.71% -0.26%
6.97% -2.70%
7.54% 3.78%
$380 $340
283 137
3.08% 4.66%
66.72 91.91

Source: CoreLogic

DSR Score for property investment : Good (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