Suburb Profile Report for Bundoora VIC (3083)

Bundoora House: Median price $644,000, Annual capital growth 7.41%, Number of sales 284, Weekly median advertised rent $390

Bundoora Unit: Median price $375,000, Annual capital growth 4.17%, Number of sales 152, Weekly median advertised rent $340

  • 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 8.12% which means that Bundoora, 3083 has done well for property investors by showing a capital gain of 7.32% over the last year

If we look at median property appreciation over just the last three months, Bundoora has given property investors a paper return of -0.16%. This puts Suburb as 549 on a list of fastest fasting appreciating suburbs in VIC

Vendor discounting in Bundoora is giving property investors an average Vendor Discount of around -12.77%. This puts suburb at number 18th in VIC when ranking the most discounted suburbs.

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 -3.85%

Taking the average capital gain, or increase in median house value, Bundoora,3083 has racked up an average of -3.85% over the period. This ranks it number 1627th in the whole country for real estate investors looking at median house price increases.

Sellers are offering property buyers an average discount of -6.72% to buyers in Bundoora at the moment, which is less than average for the rest of VIC.

In the last year 152 properties changed hands in Bundoora, which puts it as the 49th most active market in VIC when comparing the number of sales per suburb.

Property investors should expect to get $340 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$644,000 $375,000
-0.16% -0.79%
7.32% -3.85%
7.41% 4.17%
$390 $340
284 152
3.15% 4.71%
63.66 88.13

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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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