Suburb Profile Report for Camberwell VIC (3124)

Camberwell House: Median price $2,017,500, Annual capital growth 9.23%, Number of sales 220, Weekly median advertised rent $700

Camberwell Unit: Median price $718,500, Annual capital growth 6.40%, Number of sales 134, Weekly median advertised rent $430

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Camberwell, 3124 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 9.59%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Camberwell has increased when compared to the 5 year average annual rate.

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 Camberwell, 3124. Typically our figures indicate that -10.65% is being offered, which puts this VIC suburb at 283th most discounted overall in Australia.

Residents and property investors in Camberwell have been waiting around 62.69 days to sell a property.

Using the current median advertised rental of $700 and the average annual increase in value of a median property of 9.23%, investors should hope to achieve an overall return of 1.80%

VIC has seen average median house prices change by 3.11% which means that Camberwell, 3124 has done well for property investors by showing a capital gain of -1.71% over the last year

Across a shorter period, Camberwell, 3124 has seen a median price increase of -2.97% over the last quarter.

Property buyers and investors in Camberwell 3124 should be seeing an average reduction in asking price of around -10.04% . This means that Camberwell is holding prices well when compared to other suburbs in VIC.

Camberwell is 331th on a list of best yielding suburbs for rents in VIC with a 3.11% return

HOUSE UNIT
$2,017,500 $718,500
4.67% -2.97%
9.59% -1.71%
9.23% 6.40%
$700 $430
220 134
1.80% 3.11%
62.69 58.48

Source: CoreLogic

DSR Score for property investment : Balanced (U), Good (H)
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Demographics
Total population 20028
Median household income ($/weekly) 2122
Median age of persons 41
Median housing loan repayment ($/monthly) 2500
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 2648 13.2
    25-34 years 1950 9.7
    35-44 years 2585 12.9
    45-54 years 3052 15.2
    55-64 years 2525 12.6
    Others 7269 36.3
    Age Group
    Census Count Percent(%)
    Registered Married 8067 54.8
    Not Married 5782 39.3
    Defacto Relationship 872 5.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 14251 73.2
    Croatia 532 2.7
    Papua New Guinea 433 2.2
    United Kingdom 948 4.9
    Other 643 3.3
    Others 2663 13.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 453 2.5
    Christianity 11792 63.9
    Hinduism 343 1.9
    Judaism 191 1.0
    No Religion 5491 29.7
    Others 193 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 643 10.5
    $2,000-$2,499 487 8.0
    $2,500-$2,999 898 14.7
    $3,000-$3,499 644 10.6
    $4,000 or more 773 12.7
    Others 2658 43.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 5973 37.8
    Not in the labour force 5445 34.4
    Employed, worked part-time 3490 22.1
    Employed, away from work 494 3.1
    Unemployed, looking for work 415 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 1841 18.5
    Professionals 3837 38.6
    Community & personal service workers 716 7.2
    Clerical & administrative workers 1430 14.4
    Sales 900 9.0
    Others 1227 12.3
    Occupation
    Census Count Percent(%)
    Pre-school 408 7.0
    Infants/Primary 1772 30.6
    Secondary 1663 28.7
    Technical or Further Educational Institution 264 4.6
    University or other Tertiary Institutions 1568 27.1
    Others 117 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 14825 80.0
    Semi-detached, row or terrace house, townhouse 1836 9.9
    Flat, unit or apartment 1830 9.9
    House or flat attached to a shop, office 43 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 3093 45.6
    Being purchased 2152 31.7
    Rented 1499 22.1
    Other tenure type 40 0.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals