Suburb Profile Report for Bulleen VIC (3105)

Bulleen House: Median price $1,120,000, Annual capital growth 9.75%, Number of sales 126, Weekly median advertised rent $450

Bulleen Unit: Median price $727,000, Annual capital growth 8.33%, Number of sales 31, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

Bulleen has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 1.82% to date .

Over the longer term, Bulleen has seen property prices show investors a 47.95% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -8.67% to buyers in Bulleen at the moment, which is less than average for the rest of VIC.

Using the current median advertised rental of $450 and the average annual increase in value of a median property of 9.75%, investors should hope to achieve an overall return of 2.09%

Over the last year, property investments in Bulleen, 3105 have given investors a capital gain of 15.40%. This compares very favourably with the 3.19% for VIC as a whole.

Bulleen,3105 has offered an average of 15.40% return per annum in house price rises to property investors over the last three years.

Our latest figures would indicate that property sellers in Bulleen are currently offering property investors an average price cut of -9.48% below the asking price at the moment.

Bulleen is 364th on a list of best yielding suburbs for rents in VIC with a 2.72% return

HOUSE UNIT
$1,120,000 $727,000
3.70% 12.71%
1.82% 15.40%
9.75% 8.33%
$450 $380
126 31
2.09% 2.72%
60.93 57.55

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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