Suburb Profile Report for Tecoma VIC (3160)

Tecoma House: Median price $580,000, Annual capital growth 7.75%, Number of sales 36, Weekly median advertised rent $385

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

Source: CoreLogic

  • House Report
  • Expert Report

Giving property investors a a solid capital gain of 18.55% for the last year, Tecoma, 3160 is the 336th highest performer in Australia in this respect.

When looking at the potential capital gains offered to property investors over the last 3 years, Tecoma comes in at number 106th in VIC.

Tecoma3160 is located in VIC which offers an average discount of -5.99% to property investors. Tecoma itself is showing figures that indicate -8.17% is the average achievable by property buyers investing in the suburb.

Often selling an investment property can take time, and in Tecoma the average time real estate has been on the market is 41.73 days.

Mark Yusuf Information supplied by:

Mark Yusuf
Harcourts Essential Real Estate

M 97546000
O 0419521065

W http://markyusuf.harcourts.com.au/
E MARK.YUSUF@HARCOURTS.COM.AU
Property investors who have had real estate in TECOMA, 3160 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -6.91%

Across a shorter period, TECOMA, 3160 has seen a median price increase of -3.06% over the last quarter.

At number 616th of VIC’s most discounted properties, TECOMA is in the TOP 10% of the state/territory when listing in order of most discounted to least.

TECOMA, 3160’s gross rental yield is 5.70%Full summary
Property investors who have had real estate in TECOMA, 3160 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -6.91%
 
Across a shorter period, TECOMA, 3160 has seen a median price increase of -3.06% over the last quarter.
 
At number 616th of VIC’s most discounted properties, TECOMA is in the TOP 10% of the state/territory when listing in order of most discounted to least.
 
TECOMA, 3160’s gross rental yield is 5.70%
 
Tecoma population is at 2,189.00 as of 2006 census. The town is named after a shrub that grew in the area when the need for a railway station was identified amongst the old timber mill that occupied the area, where the current primary school stands. 
 
At the moment Tecoma is widely publicized as a result of the new McDonald's opening up in the area causing a great deal of controversy. 
 
Selling points: affordable housing, lifestyle, great family environment
 
Most sought-after properties: character timber homes with forest backdrops
 
Most common properties:  timber dwellings mixed with traditional brick and western red cedar homes.
 
Top amenities: schools, caffes, sports grounds
 
Local industry and business: retail with antiques, bric a brac
 
Recent changes: McDonald's controversy
 
Best streets: Sophia grove, terry avenue, sandells rd,
 
Public transport: trains, buses
 
Main arteries: wellington rd acces to monash and eastlink
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HOUSE UNIT
$580,000 N/A
2.47% N/A
18.55% N/A
7.75% N/A
$385 N/A
36 N/A
3.45% N/A
41.73 N/A

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
Find a mortgage broker in Tecoma VIC
Demographics
Total population 2087
Median household income ($/weekly) 1361
Median age of persons 38
Median housing loan repayment ($/monthly) 1560
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 280 13.4
    25-34 years 201 9.6
    35-44 years 329 15.8
    45-54 years 364 17.4
    55-64 years 272 13.0
    Others 642 30.7
    Age Group
    Census Count Percent(%)
    Registered Married 705 46.1
    Not Married 637 41.7
    Defacto Relationship 186 12.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1644 83.6
    Greece 20 1.0
    Papua New Guinea 24 1.2
    United Kingdom 152 7.7
    Other 31 1.6
    Others 96 4.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 24 1.3
    Christianity 880 48.0
    Judaism 6 0.3
    Other Religious Groups 15 0.8
    No Religion 906 49.4
    Others 3 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 54 7.9
    $600-$799 69 10.1
    $1,500-$1,999 111 16.3
    $2,000-$2,499 65 9.5
    $2,500-$2,999 71 10.4
    Others 312 45.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 653 41.8
    Not in the labour force 410 26.2
    Employed, worked part-time 403 25.8
    Unemployed, looking for work 51 3.3
    Employed, away from work 47 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 120 10.8
    Professionals 262 23.6
    Technicians & trades workers 186 16.8
    Community & personal service workers 125 11.3
    Clerical & administrative workers 177 16.0
    Others 239 21.6
    Occupation
    Census Count Percent(%)
    Pre-school 46 8.5
    Infants/Primary 182 33.7
    Secondary 164 30.4
    Technical or Further Educational Institution 56 10.4
    University or other Tertiary Institutions 75 13.9
    Others 17 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1824 93.2
    Flat, unit or apartment 76 3.9
    Semi-detached, row or terrace house, townhouse 50 2.6
    House or flat attached to a shop, office 8 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 402 53.5
    Fully owned 213 28.4
    Rented 130 17.3
    Other tenure type 6 0.8
    Tenure Type
Census 2011, ABS
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Recent sales & rentals