Suburb Profile Report for Research VIC (3095)

Research House: Median price $722,500, Annual capital growth 3.95%, Number of sales 19, Weekly median advertised rent $498

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

Source: CoreLogic

  • House Report

Investment property in Research has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.47%

Taking the average capital gain, or increase in median house value, Research,3095 has racked up an average of 5.47% over the period. This ranks it number 1207th in the whole country for real estate investors looking at median house price increases.

Our latest figures would indicate that property sellers in Research are currently offering property investors an average price cut of -6.84% below the asking price at the moment.

The VIC suburb of Research, 3095 is in the Nillumbik local government area.

HOUSE UNIT
$722,500 N/A
5.47% N/A
5.47% N/A
3.95% N/A
$498 N/A
19 N/A
3.58% N/A
40.18 N/A

Source: CoreLogic

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