Suburb Profile Report for Nunawading VIC (3131)

Nunawading House: Median price $1,015,000, Annual capital growth 9.96%, Number of sales 145, Weekly median advertised rent $420

Nunawading Unit: Median price $705,000, Annual capital growth 9.39%, Number of sales 90, Weekly median advertised rent $385

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Nunawading have tracked close to the VIC average of 11.00% over the last 12 months.

If we look at median property appreciation over just the last three months, Nunawading has given property investors a paper return of 1.30%. This puts Suburb as 436 on a list of fastest fasting appreciating suburbs in VIC

Our latest figures would indicate that property sellers in Nunawading are currently offering property investors an average price cut of -3.17% below the asking price at the moment.

Often selling an investment property can take time, and in Nunawading the average time real estate has been on the market is 62.86 days.

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 19.69%

If we look at median property appreciation over just the last three months, Nunawading has given property investors a paper return of 5.79%. This puts Suburb as 56 on a list of fastest fasting appreciating suburbs in VIC

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 Nunawading, 3131. Typically our figures indicate that -1.59% is being offered, which puts this VIC suburb at 1450th most discounted overall in Australia.

At number 1179 in a list of fastest selling suburbs, Nunawading is in the bottom 30% of suburbs in Australia with an average of days on market 103 for properties listed there.

Using the current median advertised rental of $385 and the average annual increase in value of a median property of 9.39%, investors should hope to achieve an overall return of 2.84%

Metrics i HOUSE UNIT
$1,015,000 $705,000
1.30% 5.79%
11.91% 19.69%
9.96% 9.39%
$420 $385
145 90
2.15% 2.84%
62.86 103

Source: CoreLogic

DSR Score for property investment : Very good (H), Very good (U)
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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