Suburb Profile Report for Nunawading VIC (3131)

Nunawading House: Median price $909,850, Annual capital growth 10.38%, Number of sales 114, Weekly median advertised rent $400

Nunawading Unit: Median price $582,750, Annual capital growth 8.27%, Number of sales 70, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

Nunawading is in the TOP 30% in VIC when comparing median price capital growth over the last year. Nunawading gave property investors a good capital gain figure when compared to the rest of the state, with 12.33%.

Nunawading,3131 has offered an average of 12.33% return per annum in house price rises to property investors over the last three years.

The most recent median price for Nunawading is $909850, with sellers offering an average of -5.65% off the asking price.

At number 1815 in a list of fastest selling suburbs, Nunawading is just in the top half of suburbs in Australia with an average of days on market 79.02 for properties listed there.

Nunawading, 3131’s gross rental yield is 2.29%

Investment property in Nunawading has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.40%

Across a shorter period, Nunawading, 3131 has seen a median price increase of -7.50% over the last quarter.

Property buyers and investors in Nunawading 3131 should be seeing an average reduction in asking price of around -3.76% . This means that Nunawading is holding prices well when compared to other suburbs in VIC.

On average over the past year, suburb has had 5.83 sales per month, which equates to 70 per year.

Using the current median advertised rental of $360 and the average annual increase in value of a median property of 8.27%, investors should hope to achieve an overall return of 3.21%

HOUSE UNIT
$909,850 $582,750
2.12% -7.50%
12.33% -1.40%
10.38% 8.27%
$400 $360
114 70
2.29% 3.21%
79.02 77.13

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 10945
Median household income ($/weekly) 1280
Median age of persons 37
Median housing loan repayment ($/monthly) 1950
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1291 11.8
    25-34 years 1710 15.6
    35-44 years 1811 16.5
    45-54 years 1353 12.4
    55-64 years 1048 9.6
    Others 3733 34.1
    Age Group
    Census Count Percent(%)
    Registered Married 4291 52.8
    Not Married 3289 40.5
    Defacto Relationship 546 6.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 6968 66.6
    Croatia 587 5.6
    Indonesia 351 3.4
    United Kingdom 397 3.8
    Other 577 5.5
    Others 1586 15.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 575 5.8
    Christianity 5923 59.4
    Hinduism 285 2.9
    Islam 161 1.6
    No Religion 2871 28.8
    Others 159 1.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 340 9.1
    $600-$799 344 9.2
    $1,000-$1,249 358 9.6
    $1,500-$1,999 484 13.0
    $2,000-$2,499 368 9.9
    Others 1832 49.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3262 38.4
    Not in the labour force 2964 34.9
    Employed, worked part-time 1697 20.0
    Employed, away from work 299 3.5
    Unemployed, looking for work 270 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 582 11.1
    Professionals 1534 29.2
    Technicians & trades workers 701 13.3
    Clerical & administrative workers 819 15.6
    Sales 485 9.2
    Others 1135 21.6
    Occupation
    Census Count Percent(%)
    Pre-school 231 9.0
    Infants/Primary 857 33.5
    Secondary 584 22.8
    Technical or Further Educational Institution 239 9.3
    University or other Tertiary Institutions 525 20.5
    Others 126 4.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8213 79.9
    Flat, unit or apartment 1304 12.7
    Semi-detached, row or terrace house, townhouse 747 7.3
    House or flat attached to a shop, office 9 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1433 36.3
    Fully owned 1406 35.6
    Rented 1085 27.5
    Other tenure type 27 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals