Suburb Profile Report for Viewbank VIC (3084)

Viewbank House: Median price $855,000, Annual capital growth 7.61%, Number of sales 63, Weekly median advertised rent $450

Viewbank Unit: Median price $554,000, Annual capital growth 7.13%, Number of sales 16, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Viewbank have tracked close to the VIC average of 7.80% over the last 12 months.

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.

Vendor discounting in Viewbank is giving property investors an average Vendor Discount of around -10.91%. This puts suburb at number 37th in VIC when ranking the most discounted suburbs.

Advertised rents are around the $450 mark per week – giving a return of 2.74% based on the median price in Suburb

At number 186th in the list of Australian suburbs ordered by increase in median house value over the last year, Viewbank, 3084 is in the top 20% with a property value increase of 16.02% recorded in median house prices.

Viewbank,3084 has offered an average of 16.02% return per annum in house price rises to property investors over the last three years.

On average over the past year, suburb has had 1.33 sales per month, which equates to 16 per year.

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

HOUSE UNIT
$855,000 $554,000
1.91% 7.16%
7.41% 16.02%
7.61% 7.13%
$450 $370
63 16
2.74% 3.47%
43.6 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (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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