Suburb Profile Report for Notting Hill VIC (3168)

Notting Hill House: Median price $855,000, Annual capital growth 10.58%, Number of sales 25, Weekly median advertised rent $400

Notting Hill Unit: Median price $345,000, Annual capital growth 2.14%, Number of sales 73, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Notting Hill have tracked higher than the VIC average of 7.80% over the last 12 months.

Notting Hill,3168 has offered an average of 14.92% return per annum in house price rises to property investors over the last three years.

The most recent median price for Notting Hill is $855000, with sellers offering an average of -5.56% off the asking price.

Advertised rents are around the $400 mark per week – giving a return of 2.43% based on the median price in Suburb

Investment property in Notting Hill has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -13.75%

Notting Hill,3168 has offered an average of -13.75% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that Notting Hill is offering property investors an average of -5.22. This rate of discount on properties puts Suburb at number 82th in terms of most discounted suburbs in VIC

HOUSE UNIT
$855,000 $345,000
1.42% -4.30%
14.92% -13.75%
10.58% 2.14%
$400 $350
25 73
2.43% 5.28%
60.76 73

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 2161
Median household income ($/weekly) 1070
Median age of persons 28
Median housing loan repayment ($/monthly) 1950
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 156 7.2
    20-24 years 456 21.1
    25-34 years 476 22.0
    35-44 years 268 12.4
    45-54 years 191 8.8
    Others 614 28.4
    Age Group
    Census Count Percent(%)
    Not Married 825 52.4
    Registered Married 623 39.6
    Defacto Relationship 125 7.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 859 44.3
    Croatia 224 11.5
    Malta 130 6.7
    Sri Lanka 84 4.3
    Other 165 8.5
    Others 479 24.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 210 11.4
    Christianity 761 41.3
    Hinduism 59 3.2
    Islam 141 7.7
    No Religion 641 34.8
    Others 31 1.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 71 9.6
    $600-$799 73 9.8
    $1,000-$1,249 70 9.4
    $1,250-$1,499 76 10.2
    $1,500-$1,999 100 13.5
    Others 353 47.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 723 42.5
    Employed, worked full-time 563 33.1
    Employed, worked part-time 269 15.8
    Unemployed, looking for work 100 5.9
    Employed, away from work 45 2.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 273 31.1
    Technicians & trades workers 118 13.5
    Community & personal service workers 75 8.6
    Clerical & administrative workers 127 14.5
    Sales 86 9.8
    Others 198 22.6
    Occupation
    Census Count Percent(%)
    Pre-school 26 3.6
    Infants/Primary 108 15.0
    Secondary 76 10.6
    Technical or Further Educational Institution 49 6.8
    University or other Tertiary Institutions 445 62.0
    Others 14 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1335 72.1
    Flat, unit or apartment 487 26.3
    Semi-detached, row or terrace house, townhouse 29 1.6
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 372 47.9
    Fully owned 215 27.7
    Being purchased 190 24.5
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals