Suburb Profile Report for Bulleen VIC (3105)

Bulleen House: Median price $1,222,500, Annual capital growth 9.92%, Number of sales 121, Weekly median advertised rent $460

Bulleen Unit: Median price $763,000, Annual capital growth 9.55%, Number of sales 37, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

VIC has seen average median house prices change by 10.43% which means that Bulleen, 3105 has done well for property investors by showing a capital gain of 13.93% over the last year

Taking the average capital gain, or increase in median house value, Bulleen,3105 has racked up an average of 13.93% over the period. This ranks it number 466th 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 Bulleen, 3105. Typically our figures indicate that -8.44% is being offered, which puts this VIC suburb at 602th most discounted overall in Australia.

Bulleen, 3105’s gross rental yield is 1.96%

With a capital gain of 10.10% for the last 12 months, Bulleen, 3105 has performed for property investments than its average annual 9.55% property growth over the last 5 years.

The five-year average increase in median property values for Bulleen,3105 has given property investors a potential capital gain of 36.25% across each of those five years.

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 Bulleen, 3105. Typically our figures indicate that -2.51% is being offered, which puts this VIC suburb at 1345th most discounted overall in Australia.

On average over the past year, suburb has had 3.08 sales per month, which equates to 37 per year.

Using the current median advertised rental of $380 and the average annual increase in value of a median property of 9.55%, investors should hope to achieve an overall return of 2.59%

Metrics i HOUSE UNIT
$1,222,500 $763,000
1.88% -0.65%
13.93% 10.10%
9.92% 9.55%
$460 $380
121 37
1.96% 2.59%
64.37 53.19

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 10868
Median household income ($/weekly) 1224
Median age of persons 43
Median housing loan repayment ($/monthly) 2000
Average household size 2.6
  • Census Count Percent(%)
    25-34 years 1225 11.3
    35-44 years 1511 13.9
    45-54 years 1487 13.7
    55-64 years 1182 10.9
    65-74 years 1308 12.0
    Others 4155 38.2
    Age Group
    Census Count Percent(%)
    Registered Married 5053 58.0
    Not Married 3313 38.1
    Defacto Relationship 340 3.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 6199 59.0
    Croatia 635 6.0
    Hong Kong 492 4.7
    Japan 958 9.1
    Other 512 4.9
    Others 1711 16.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 491 4.8
    Christianity 7391 72.1
    Hinduism 126 1.2
    Islam 179 1.7
    No Religion 1943 18.9
    Others 124 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 419 11.6
    $800-$999 348 9.6
    $1,000-$1,249 307 8.5
    $1,500-$1,999 415 11.5
    $2,500-$2,999 320 8.9
    Others 1799 49.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3659 41.4
    Employed, worked full-time 3094 35.0
    Employed, worked part-time 1587 18.0
    Employed, away from work 287 3.2
    Unemployed, looking for work 204 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 729 14.7
    Professionals 1282 25.8
    Technicians & trades workers 607 12.2
    Clerical & administrative workers 790 15.9
    Sales 598 12.0
    Others 959 19.3
    Occupation
    Census Count Percent(%)
    Pre-school 200 8.5
    Infants/Primary 717 30.4
    Secondary 633 26.8
    Technical or Further Educational Institution 208 8.8
    University or other Tertiary Institutions 504 21.4
    Others 98 4.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9356 88.6
    Flat, unit or apartment 664 6.3
    Semi-detached, row or terrace house, townhouse 531 5.0
    House or flat attached to a shop, office 6 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2187 55.7
    Being purchased 1036 26.4
    Rented 693 17.7
    Other tenure type 9 0.2
    Tenure Type
Census 2011, ABS
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Recent sales & rentals