Suburb Profile Report for Lower Plenty VIC (3093)

Lower Plenty House: Median price $800,100, Annual capital growth 6.59%, Number of sales 44, Weekly median advertised rent $485

Lower Plenty Unit: Median price $470,000, Annual capital growth 6.62%, Number of sales 30, Weekly median advertised rent $345

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

Source: CoreLogic

  • House Report
  • Unit Report

Lower Plenty has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 10.44% to date .

Lower Plenty,3093 was ranked 462 in Australia by increase in median property value over the quarter.

Lower Plenty3093 is located in VIC which offers an average discount of -6.04% to property investors. Lower Plenty itself is showing figures that indicate -7.69% is the average achievable by property buyers investing in the suburb.

On average over the past year, suburb has had 3.67 sales per month, which equates to 44 per year.

Situated 16.66km from the CBD, Lower Plenty is one of Banyule localities in the postcode 3093.

If you compare the increase in value of investment property in Lower Plenty, 3093 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -4.86%.

While Lower Plenty,3093 ranked number 302th in VIC for increase in median house value (annualised) increase, it is ranked 102th over the last 5 years.

Property investors looking for a bargain in Lower Plenty should be aiming for at least -7.09% off the asking price, which is the average vendor discount being achieved at the moment.

At number 440 in a list of fastest selling suburbs, Lower Plenty is in the TOP 30% of suburbs in Australia with an average of days on market 60.13 for properties listed there.

HOUSE UNIT
$800,100 $470,000
5.28% -3.29%
10.44% -4.86%
6.59% 6.62%
$485 $345
44 30
3.15% 3.82%
47.33 60.13

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 3782
Median household income ($/weekly) 1588
Median age of persons 42
Median housing loan repayment ($/monthly) 2000
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 424 11.2
    25-34 years 445 11.8
    35-44 years 497 13.1
    45-54 years 540 14.3
    55-64 years 508 13.4
    Others 1368 36.2
    Age Group
    Census Count Percent(%)
    Registered Married 1461 52.6
    Not Married 1128 40.6
    Defacto Relationship 187 6.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 3080 84.1
    Japan 46 1.3
    Papua New Guinea 39 1.1
    United Kingdom 149 4.1
    Other 117 3.2
    Others 232 6.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 35 1.0
    Christianity 2302 68.5
    Hinduism 22 0.7
    Islam 33 1.0
    No Religion 950 28.2
    Others 21 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 99 8.1
    $1,250-$1,499 97 8.0
    $1,500-$1,999 143 11.8
    $2,000-$2,499 115 9.4
    $2,500-$2,999 156 12.8
    Others 607 49.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1148 37.4
    Not in the labour force 1084 35.3
    Employed, worked part-time 650 21.2
    Employed, away from work 126 4.1
    Unemployed, looking for work 65 2.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 359 18.7
    Professionals 528 27.5
    Technicians & trades workers 219 11.4
    Clerical & administrative workers 304 15.8
    Sales 189 9.9
    Others 319 16.6
    Occupation
    Census Count Percent(%)
    Pre-school 68 7.9
    Infants/Primary 274 31.6
    Secondary 248 28.6
    Technical or Further Educational Institution 57 6.6
    University or other Tertiary Institutions 195 22.5
    Others 24 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2743 80.3
    Semi-detached, row or terrace house, townhouse 542 15.9
    Flat, unit or apartment 130 3.8
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 575 42.7
    Being purchased 519 38.5
    Rented 242 18.0
    Other tenure type 11 0.8
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals