Suburb Profile Report for Nunawading VIC (3131)

Nunawading House: Median price $933,000, Annual capital growth 10.50%, Number of sales 110, Weekly median advertised rent $400

Nunawading Unit: Median price $600,000, Annual capital growth 7.93%, Number of sales 70, Weekly median advertised rent $368

  • 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 Nunawading, 3131 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 11.74%.

If we look at median property appreciation over just the last three months, Nunawading has given property investors a paper return of 3.04%. This puts Suburb as 231 on a list of fastest fasting appreciating suburbs in VIC

Nunawading3131 is located in VIC which offers an average discount of -6.04% to property investors. Nunawading itself is showing figures that indicate -6.09% is the average achievable by property buyers investing in the suburb.

Using the current median advertised rental of $400 and the average annual increase in value of a median property of 10.50%, investors should hope to achieve an overall return of 2.23%

Property value increases in Nunawading have tracked just lower than the VIC average of 3.19% over the last 12 months.

The five-year average increase in median property values for Nunawading,3131 has given property investors a potential capital gain of 37.93% across each of those five years.

At number 256th of VIC’s most discounted properties, Nunawading is in the TOP 20% of the state/territory when listing in order of most discounted to least.

Property investors should expect to get $367.5 weekly from the median priced house in this suburb.

HOUSE UNIT
$933,000 $600,000
3.04% 1.35%
11.74% 0.42%
10.50% 7.93%
$400 $368
110 70
2.23% 3.19%
85.86 90.29

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