Suburb Profile Report for Notting Hill VIC (3168)

Notting Hill House: Median price $870,000, Annual capital growth 10.48%, Number of sales 25, Weekly median advertised rent $400

Notting Hill Unit: Median price $310,000, Annual capital growth 0.71%, Number of sales 64, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Notting Hill, 3168 have given investors a capital gain of 10.76%. This compares favourably with the 8.06% for VIC as a whole.

If we look at median property appreciation over just the last three months, Notting Hill has given property investors a paper return of 1.75%. This puts Suburb as 387 on a list of fastest fasting appreciating suburbs in VIC

The most recent median price for Notting Hill is $870000, with sellers offering an average of -5.56% off the asking price.

On average over the past year, suburb has had 2.08 sales per month, which equates to 25 per year.

Using the current median advertised rental of $400 and the average annual increase in value of a median property of 10.48%, investors should hope to achieve an overall return of 2.39%

Notting Hill is in the bottom 10% in VIC when comparing median price capital growth over the last year. Notting Hill gave property investors a dismal capital gain figure when compared to the rest of the state, with -21.52%.

Taking the average capital gain, or increase in median house value, Notting Hill,3168 has racked up an average of -21.52% over the period. This ranks it number 1682th in the whole country for real estate investors looking at median house price increases.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.12% offered to property buyers. Sellers in Notting Hill itself are offering an average vendor discount of -12.09% to real estate investors.

Often selling an investment property can take time, and in Notting Hill the average time real estate has been on the market is 97.81 days.

Renters in Suburb are facing rents around $4200 per annum or $350 every week.

HOUSE UNIT
$870,000 $310,000
1.75% -6.77%
10.76% -21.52%
10.48% 0.71%
$400 $350
25 64
2.39% 5.87%
73 97.81

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
Find a mortgage broker in Notting Hill VIC
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
Chart Table
Recent sales & rentals