Suburb Profile Report for Hurstbridge VIC (3099)

Hurstbridge House: Median price $590,000, Annual capital growth 5.88%, Number of sales 44, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report

Giving property investors a a solid capital gain of 15.69% for the last year, Hurstbridge, 3099 is the 439th highest performer in Australia in this respect.

Taking the average capital gain, or increase in median house value, Hurstbridge,3099 has racked up an average of 15.69% over the period. This ranks it number 1568th in the whole country for real estate investors looking at median house price increases.

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 Hurstbridge, 3099. Typically our figures indicate that -3.94% is being offered, which puts this VIC suburb at 3261th most discounted overall in Australia.

A $400 per week rent on the median house gives suburb investors a gross yield of circa 3.53%, without taking into account capital value appreciation, which has been averaging out at 5.88%.

HOUSE UNIT
$590,000 N/A
5.36% N/A
15.69% N/A
5.88% N/A
$400 N/A
44 N/A
3.53% N/A
30 N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Very good (U)
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Demographics
Total population 3510
Median household income ($/weekly) 1618
Median age of persons 38
Median housing loan repayment ($/monthly) 1733
Average household size 3
  • Census Count Percent(%)
    5-14 years 523 14.9
    25-34 years 344 9.8
    35-44 years 525 15.0
    45-54 years 603 17.2
    55-64 years 481 13.7
    Others 1034 29.5
    Age Group
    Census Count Percent(%)
    Registered Married 1351 52.0
    Not Married 960 37.0
    Defacto Relationship 285 11.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 2996 88.0
    Greece 20 0.6
    Papua New Guinea 43 1.3
    United Kingdom 187 5.5
    Other 53 1.6
    Others 104 3.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 28 0.9
    Christianity 1776 55.1
    Judaism 8 0.2
    Other Religious Groups 22 0.7
    No Religion 1386 43.0
    Others 4 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 92 8.9
    $1,250-$1,499 88 8.5
    $1,500-$1,999 156 15.0
    $2,000-$2,499 151 14.5
    $2,500-$2,999 95 9.1
    Others 457 44.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1126 41.9
    Employed, worked part-time 693 25.8
    Not in the labour force 680 25.3
    Employed, away from work 118 4.4
    Unemployed, looking for work 72 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 232 12.0
    Professionals 458 23.7
    Technicians & trades workers 355 18.3
    Community & personal service workers 209 10.8
    Clerical & administrative workers 276 14.3
    Others 406 21.0
    Occupation
    Census Count Percent(%)
    Pre-school 83 8.5
    Infants/Primary 337 34.4
    Secondary 288 29.4
    Technical or Further Educational Institution 99 10.1
    University or other Tertiary Institutions 152 15.5
    Others 20 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3336 98.1
    Flat, unit or apartment 54 1.6
    House or flat attached to a shop, office 5 0.1
    Semi-detached, row or terrace house, townhouse 3 0.1
    Caravan, cabin, houseboat 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 627 55.4
    Fully owned 380 33.6
    Rented 124 11.0
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals