Suburb Profile Report for Nunawading VIC (3131)

Nunawading House: Median price $1,003,500, Annual capital growth 10.48%, Number of sales 134, Weekly median advertised rent $420

Nunawading Unit: Median price $678,193, Annual capital growth 9.29%, Number of sales 96, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 12.37% for the last 12 months, Nunawading, 3131 has performed for property investments than its average annual 10.48% property growth over the last 5 years.

Nunawading,3131 has offered an average of 12.37% return per annum in house price rises to property investors over the last three years.

Sellers are offering property buyers an average discount of -4.84% to buyers in Nunawading at the moment, which is less than average for the rest of VIC.

Situated 18.77km from the CBD, Nunawading is one of Whitehorse localities in the postcode 3131.

Investment property in Nunawading has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 13.03%

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

Property buyers and investors in Nunawading 3131 should be seeing an average reduction in asking price of around -2.14% . This means that Nunawading is holding prices well when compared to other suburbs in VIC.

On average over the past year, suburb has had 8.00 sales per month, which equates to 96 per year.

Metrics i HOUSE UNIT
$1,003,500 $678,193
1.88% 2.76%
12.37% 13.03%
10.48% 9.29%
$420 $380
134 96
2.18% 2.91%
66.68 98.79

Source: CoreLogic

DSR Score for property investment : Good (U), Good (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