Suburb Profile Report for Lower Plenty VIC (3093)

Lower Plenty House: Median price $920,000, Annual capital growth 7.84%, Number of sales 42, Weekly median advertised rent $440

Lower Plenty Unit: Median price $550,500, Annual capital growth 8.61%, Number of sales 34, Weekly median advertised rent $345

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Lower Plenty has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 21.05%

The five-year average increase in median property values for Lower Plenty,3093 has given property investors a potential capital gain of 53.97% across each of those five years.

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.

Often selling an investment property can take time, and in Lower Plenty the average time real estate has been on the market is 64.5 days.

Lower Plenty, 3093’s gross rental yield is 2.49%

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 11.21%.

Taking the average capital gain, or increase in median house value, Lower Plenty,3093 has racked up an average of 11.21% over the period. This ranks it number 330th in the whole country for real estate investors looking at median house price increases.

Lower Plenty, 3093 is offering VIC ‘s 185th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.

Situated 16.62km from the CBD, Lower Plenty is one of Banyule localities in the postcode 3093.

Metrics i HOUSE UNIT
$920,000 $550,500
2.68% -1.87%
21.05% 11.21%
7.84% 8.61%
$440 $345
42 34
2.49% 3.26%
64.5 36.17

Source: CoreLogic

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