Suburb Profile Report for Lower Plenty VIC (3093)

Lower Plenty House: Median price $951,500, Annual capital growth 5.95%, Number of sales 31, Weekly median advertised rent $400

Lower Plenty Unit: Median price $545,000, Annual capital growth 7.23%, Number of sales 35, Weekly median advertised rent $345

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Lower Plenty have tracked higher than the VIC average of 11.00% over the last 12 months.

Comparing Lower Plenty,3093 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Vendor discounting in Lower Plenty is giving property investors an average Vendor Discount of around -6.11%. This puts suburb at number 163th in VIC when ranking the most discounted suburbs.

Using the current median advertised rental of $400 and the average annual increase in value of a median property of 5.95%, investors should hope to achieve an overall return of 2.19%

Lower Plenty is in the TOP 20% in VIC when comparing median price capital growth over the last year. Lower Plenty gave property investors a very good capital gain figure when compared to the rest of the state, with 17.39%.

Lower Plenty,3093 was ranked 835 in Australia by increase in median property value over the quarter.

Sellers are offering property buyers an average discount of -6.68% to buyers in Lower Plenty at the moment, which is less than average for the rest of VIC.

Renters in Suburb are facing rents around $4140 per annum or $345 every week.

Metrics i HOUSE UNIT
$951,500 $545,000
0.69% 0.93%
23.57% 17.39%
5.95% 7.23%
$400 $345
31 35
2.19% 3.29%
63.53 39.26

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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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