Suburb Profile Report for Notting Hill VIC (3168)

Notting Hill House: Median price $937,500, Annual capital growth 10.93%, Number of sales 25, Weekly median advertised rent $405

Notting Hill Unit: Median price $332,500, Annual capital growth 0.29%, Number of sales 61, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Notting Hill has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 10.29% to date .

Taking the average capital gain, or increase in median house value, Notting Hill,3168 has racked up an average of 10.29% over the period. This ranks it number 391th in the whole country for real estate investors looking at median house price increases.

The VIC suburb of Notting Hill, 3168 is in the Monash local government area.

Notting Hill has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -6.60% to date .

Across a shorter period, Notting Hill, 3168 has seen a median price increase of 2.31% over the last quarter.

Property buyers and investors in Notting Hill 3168 should be seeing an average reduction in asking price of around -5.13% . This means that Notting Hill is holding prices well when compared to other suburbs in VIC.

In the last year 61 properties changed hands in Notting Hill, which puts it as the 147th most active market in VIC when comparing the number of sales per suburb.

A $350 per week rent on the median house gives suburb investors a gross yield of circa 5.47%, without taking into account capital value appreciation, which has been averaging out at 0.29%.

Metrics i HOUSE UNIT
$937,500 $332,500
2.12% 2.31%
10.29% -6.60%
10.93% 0.29%
$405 $350
25 61
2.25% 5.47%
N/A 124.76

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (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