Suburb Profile Report for Lower Plenty VIC (3093)

Lower Plenty House: Median price $905,000, Annual capital growth 9.09%, Number of sales 40, Weekly median advertised rent $498

Lower Plenty Unit: Median price $540,000, Annual capital growth 8.52%, Number of sales 37, 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 21.57%. This compares very favourably with the 8.27% for VIC as a whole.

When looking at the potential capital gains offered to property investors over the last 3 years, Lower Plenty comes in at number 222th in VIC.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Lower Plenty, 3093. Typically our figures indicate that -7.62% is being offered, which puts this VIC suburb at 969th most discounted overall in Australia.

With the median price for a house in Lower Plenty being $905000 and the advertised rent reaching $497.5 the gross rental yield for property investors calculates out to be 2.86%

VIC has seen average median house prices change by 3.49% which means that Lower Plenty, 3093 has done well for property investors by showing a capital gain of 9.09% over the last year

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.13% offered to property buyers. Sellers in Lower Plenty itself are offering an average vendor discount of -6.52% to real estate investors.

Often selling an investment property can take time, and in Lower Plenty the average time real estate has been on the market is 55.65 days.

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

Metrics i HOUSE UNIT
$905,000 $540,000
6.47% N/A
21.57% 9.09%
9.09% 8.52%
$498 $345
40 37
2.86% 3.32%
66.4 55.65

Source: CoreLogic

DSR Score for property investment : Good (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
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Recent sales & rentals