Suburb Profile Report for Bulleen VIC (3105)

Bulleen House: Median price $1,250,000, Annual capital growth 9.70%, Number of sales 129, Weekly median advertised rent $460

Bulleen Unit: Median price $775,000, Annual capital growth 8.32%, Number of sales 35, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Bulleen, 3105 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 14.21%

Taking the average capital gain, or increase in median house value, Bulleen,3105 has racked up an average of 14.21% over the period. This ranks it number 389th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Bulleen should be aiming for at least -8.00% off the asking price, which is the average vendor discount being achieved at the moment.

A $460 per week rent on the median house gives suburb investors a gross yield of circa 1.91%, without taking into account capital value appreciation, which has been averaging out at 9.70%.

Giving property investors a a solid capital gain of 21.09% for the last year, Bulleen, 3105 is the 149th highest performer in Australia in this respect.

The five-year average increase in median property values for Bulleen,3105 has given property investors a potential capital gain of 43.81% across each of those five years.

At number 239th of VIC’s most discounted properties, Bulleen is in the TOP 30% of the state/territory when listing in order of most discounted to least.

In the last year 35 properties changed hands in Bulleen, which puts it as the 235th most active market in VIC when comparing the number of sales per suburb.

Property investors should expect to get $380 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$1,250,000 $775,000
2.25% 0.45%
14.21% 21.09%
9.70% 8.32%
$460 $380
129 35
1.91% 2.55%
66.14 48.04

Source: CoreLogic

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