Suburb Profile Report for Viewbank VIC (3084)

Viewbank House: Median price $960,000, Annual capital growth 9.06%, Number of sales 68, Weekly median advertised rent $480

Viewbank Unit: Median price $534,000, Annual capital growth 6.73%, Number of sales 19, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Viewbank has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 14.76%

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

Sellers are offering property buyers an average discount of -18.39% to buyers in Viewbank at the moment, which is less than average for the rest of VIC.

Advertised rents are around the $480 mark per week – giving a return of 2.60% based on the median price in Suburb

Giving property investors a a stable capital gain of 5.53% for the last year, Viewbank, 3084 is the 684th highest performer in Australia in this respect.

Across a shorter period, Viewbank, 3084 has seen a median price increase of 8.98% over the last quarter.

Property investors should expect to get $400 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$960,000 $534,000
4.35% 8.98%
14.76% 5.53%
9.06% 6.73%
$480 $400
68 19
2.60% 3.90%
48.96 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
Find a mortgage broker in Viewbank VIC
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
Chart Table
Recent sales & rentals