Suburb Profile Report for Lower Plenty VIC (3093)

Lower Plenty House: Median price $945,000, Annual capital growth 6.36%, Number of sales 32, Weekly median advertised rent $440

Lower Plenty Unit: Median price $564,000, Annual capital growth 8.66%, Number of sales 32, Weekly median advertised rent $345

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Lower Plenty, 3093 have given investors a capital gain of 24.34%. This compares very favourably with the 10.43% for VIC as a whole.

A 58.16% growth in median value for property investors in Lower Plenty,3093 puts this suburb at number 258th in terms of best performing suburbs in VIC

Lower Plenty, 3093 is offering VIC ‘s 91th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this VIC.

Property investors should expect to get $440 weekly from the median priced house in this suburb.

At number 243th in the list of Australian suburbs ordered by increase in median house value over the last year, Lower Plenty, 3093 is in the top 20% with a property value increase of 16.05% recorded in median house prices.

The five-year average increase in median property values for Lower Plenty,3093 has given property investors a potential capital gain of 47.93% across each of those five years.

Vendor discounting in Lower Plenty is giving property investors an average Vendor Discount of around -7.55%. This puts suburb at number 22th in VIC when ranking the most discounted suburbs.

A $345 per week rent on the median house gives suburb investors a gross yield of circa 3.18%, without taking into account capital value appreciation, which has been averaging out at 8.66%.

Metrics i HOUSE UNIT
$945,000 $564,000
3.85% 4.44%
24.34% 16.05%
6.36% 8.66%
$440 $345
32 32
2.42% 3.18%
60.91 39.76

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
Find a mortgage broker in Lower Plenty VIC
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