Suburb Profile Report for Viewbank VIC (3084)

Viewbank House: Median price $880,000, Annual capital growth 8.05%, Number of sales 67, Weekly median advertised rent $460

Viewbank Unit: Median price $506,000, Annual capital growth 5.53%, Number of sales 17, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Unit Report

Viewbank, 3084 ranked 321th in VIC when comparing growth in median property values or capital gain over the last 12 months. Viewbank is one of 2098 in our list for VIC

If we look at median property appreciation over just the last three months, Viewbank has given property investors a paper return of 2.92%. This puts Suburb as 241 on a list of fastest fasting appreciating suburbs in VIC

Property investors looking for a bargain in Viewbank should be aiming for at least -9.69% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 5.58 sales per month, which equates to 67 per year.

With the median price for a house in Viewbank being $880000 and the advertised rent reaching $460 the gross rental yield for property investors calculates out to be 2.72%

Investment property in Viewbank has done 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 -9.24%

While Viewbank,3084 ranked number 256th in VIC for increase in median house value (annualised) increase, it is ranked 142th over the last 5 years.

Property investors should expect to get $370 weekly from the median priced house in this suburb.

HOUSE UNIT
$880,000 $506,000
2.92% -1.08%
8.64% -9.24%
8.05% 5.53%
$460 $370
67 17
2.72% 3.80%
41.96 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 6730
Median household income ($/weekly) 1511
Median age of persons 42
Median housing loan repayment ($/monthly) 2000
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 816 12.1
    35-44 years 1028 15.3
    45-54 years 968 14.4
    55-64 years 849 12.6
    65-74 years 789 11.7
    Others 2282 33.9
    Age Group
    Census Count Percent(%)
    Registered Married 3109 59.7
    Not Married 1882 36.1
    Defacto Relationship 217 4.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 4783 73.3
    Hong Kong 126 1.9
    Japan 196 3.0
    United Kingdom 235 3.6
    Other 233 3.6
    Others 949 14.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 119 1.9
    Christianity 4450 70.8
    Hinduism 91 1.4
    Islam 99 1.6
    No Religion 1485 23.6
    Others 38 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 220 10.2
    $1,000-$1,249 184 8.5
    $1,500-$1,999 286 13.2
    $2,000-$2,499 219 10.1
    $2,500-$2,999 245 11.3
    Others 1005 46.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1940 36.5
    Not in the labour force 1936 36.5
    Employed, worked part-time 1110 20.9
    Employed, away from work 195 3.7
    Unemployed, looking for work 128 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 449 13.8
    Professionals 981 30.2
    Technicians & trades workers 362 11.1
    Clerical & administrative workers 540 16.6
    Sales 341 10.5
    Others 576 17.7
    Occupation
    Census Count Percent(%)
    Pre-school 154 9.6
    Infants/Primary 537 33.4
    Secondary 474 29.5
    Technical or Further Educational Institution 94 5.8
    University or other Tertiary Institutions 304 18.9
    Others 45 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6120 93.3
    Flat, unit or apartment 237 3.6
    Semi-detached, row or terrace house, townhouse 199 3.0
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1211 51.4
    Being purchased 884 37.5
    Rented 259 11.0
    Other tenure type 3 0.1
    Tenure Type
Census 2011, ABS
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