Suburb Profile Report for Research VIC (3095)

Research House: Median price $742,500, Annual capital growth 5.95%, Number of sales 16, Weekly median advertised rent $468

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

Source: CoreLogic

  • House Report

VIC has seen average median house prices change by 7.80% which means that Research, 3095 has done well for property investors by showing a capital gain of 6.07% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Research comes in at number 283th in VIC.

Property buyers and investors in Research 3095 should be seeing an average reduction in asking price of around -4.92% . This means that Research is holding prices well when compared to other suburbs in VIC.

A $467.5 per week rent on the median house gives suburb investors a gross yield of circa 3.27%, without taking into account capital value appreciation, which has been averaging out at 5.95%.

HOUSE UNIT
$742,500 N/A
12.50% N/A
6.07% N/A
5.95% N/A
$468 N/A
16 N/A
3.27% N/A
37.8 N/A

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
Find a mortgage broker in Research VIC
Demographics
Total population 2636
Median household income ($/weekly) 1939
Median age of persons 41
Median housing loan repayment ($/monthly) 1733
Average household size 3
  • Census Count Percent(%)
    5-14 years 361 13.7
    15-19 years 244 9.3
    35-44 years 315 11.9
    45-54 years 489 18.6
    55-64 years 432 16.4
    Others 795 30.2
    Age Group
    Census Count Percent(%)
    Registered Married 1193 59.1
    Not Married 725 35.9
    Defacto Relationship 100 5.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 2194 86.6
    Japan 26 1.0
    New Zealand 21 0.8
    United Kingdom 134 5.3
    Other 43 1.7
    Others 116 4.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 18 0.7
    Christianity 1531 63.3
    Hinduism 6 0.2
    Other Religious Groups 11 0.5
    No Religion 849 35.1
    Others 5 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 99 13.5
    $2,000-$2,499 87 11.9
    $2,500-$2,999 89 12.1
    $3,000-$3,499 63 8.6
    $4,000 or more 75 10.2
    Others 320 43.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 869 41.7
    Not in the labour force 539 25.9
    Employed, worked part-time 525 25.2
    Employed, away from work 103 4.9
    Unemployed, looking for work 46 2.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 259 17.3
    Professionals 372 24.9
    Technicians & trades workers 231 15.5
    Clerical & administrative workers 257 17.2
    Sales 128 8.6
    Others 248 16.6
    Occupation
    Census Count Percent(%)
    Pre-school 43 5.9
    Infants/Primary 228 31.2
    Secondary 252 34.5
    Technical or Further Educational Institution 57 7.8
    University or other Tertiary Institutions 134 18.3
    Others 17 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2403 96.0
    Flat, unit or apartment 79 3.2
    Semi-detached, row or terrace house, townhouse 20 0.8
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 388 46.3
    Fully owned 378 45.1
    Rented 69 8.2
    Other tenure type 3 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals