Suburb Profile Report for The Basin VIC (3154)

The Basin House: Median price $621,100, Annual capital growth 7.96%, Number of sales 68, Weekly median advertised rent $420

The Basin Unit: Median price $490,100, Annual capital growth N/A, Number of sales 11, Weekly median advertised rent N/A

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: CoreLogic

  • House Report
  • Unit Report

At number 1726th in the list of Australian suburbs ordered by increase in median house value over the last year, The Basin, 3154 is in the top half with a property value increase of 8.96% recorded in median house prices.

Comparing The Basin,3154 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

The most recent median price for The Basin is $621100, with sellers offering an average of -4.74% off the asking price.

Often selling an investment property can take time, and in The Basin the average time real estate has been on the market is 33.16 days.

Situated 31.13km from the CBD, The Basin is one of Knox localities in the postcode 3154.

LACK OF BUYER INTEREST may well be the reason that The Basin is offering property investors an average of -4.68. This rate of discount on properties puts Suburb at number 40th in terms of most discounted suburbs in VIC

On average over the past year, suburb has had 0.92 sales per month, which equates to 11 per year.

Metrics i HOUSE UNIT
$621,100 $490,100
0.09% N/A
8.96% N/A
7.96% N/A
$420 N/A
68 11
3.52% N/A
33.16 76.2

Source: CoreLogic

DSR Score for property investment : Excellent (H), Good (U)
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Demographics
Total population 4229
Median household income ($/weekly) 1454
Median age of persons 37
Median housing loan repayment ($/monthly) 1625
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 574 13.6
    25-34 years 560 13.2
    35-44 years 689 16.3
    45-54 years 646 15.3
    55-64 years 566 13.4
    Others 1194 28.2
    Age Group
    Census Count Percent(%)
    Registered Married 1611 51.7
    Not Married 1113 35.7
    Defacto Relationship 393 12.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 3399 83.8
    Greece 43 1.1
    Papua New Guinea 57 1.4
    United Kingdom 324 8.0
    Other 60 1.5
    Others 174 4.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 33 0.9
    Christianity 2194 57.8
    Hinduism 21 0.6
    Other Religious Groups 31 0.8
    No Religion 1510 39.8
    Others 5 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 125 9.5
    $1,250-$1,499 135 10.3
    $1,500-$1,999 215 16.4
    $2,000-$2,499 178 13.6
    $2,500-$2,999 119 9.1
    Others 537 41.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1442 44.7
    Not in the labour force 805 25.0
    Employed, worked part-time 739 22.9
    Employed, away from work 139 4.3
    Unemployed, looking for work 99 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 277 11.9
    Professionals 407 17.5
    Technicians & trades workers 466 20.1
    Community & personal service workers 228 9.8
    Clerical & administrative workers 371 16.0
    Others 573 24.7
    Occupation
    Census Count Percent(%)
    Pre-school 97 9.8
    Infants/Primary 368 37.3
    Secondary 264 26.7
    Technical or Further Educational Institution 96 9.7
    University or other Tertiary Institutions 119 12.1
    Others 43 4.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3887 97.1
    Flat, unit or apartment 65 1.6
    Semi-detached, row or terrace house, townhouse 47 1.2
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 784 54.2
    Fully owned 492 34.0
    Rented 167 11.5
    Other tenure type 3 0.2
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals