Suburb Profile Report for Bulleen VIC (3105)

Bulleen House: Median price $1,200,000, Annual capital growth 9.98%, Number of sales 116, Weekly median advertised rent $450

Bulleen Unit: Median price $787,000, Annual capital growth 9.06%, Number of sales 27, Weekly median advertised rent $365

  • 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 9.04% which means that Bulleen, 3105 has done well for property investors by showing a capital gain of 9.09% over the last year

Bulleen,3105 has offered an average of 9.09% return per annum in house price rises to property investors over the last three years.

Property buyers and investors in Bulleen 3105 should be seeing an average reduction in asking price of around -7.92% . This means that Bulleen is holding prices well when compared to other suburbs in VIC.

Advertised rents are around the $450 mark per week – giving a return of 1.95% based on the median price in Suburb

If you compare the increase in value of investment property in Bulleen, 3105 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 8.78%.

Over the longer term, Bulleen has seen property prices show investors a 29.55% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -2.52% to buyers in Bulleen at the moment, which is less than average for the rest of VIC.

Advertised rents are around the $365 mark per week – giving a return of 2.41% based on the median price in Suburb

Metrics i HOUSE UNIT
$1,200,000 $787,000
5.26% 2.47%
9.09% 8.78%
9.98% 9.06%
$450 $365
116 27
1.95% 2.41%
58.64 48.6

Source: CoreLogic

DSR Score for property investment : Good (H), 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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