Suburb Profile Report for Clarinda VIC (3169)

Clarinda House: Median price $761,000, Annual capital growth 8.61%, Number of sales 48, Weekly median advertised rent $410

Clarinda Unit: Median price $490,000, Annual capital growth 5.21%, Number of sales 11, Weekly median advertised rent $390

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 1170th in the list of Australian suburbs ordered by increase in median house value over the last year, Clarinda, 3169 is in the top 30% with a property value increase of 10.45% recorded in median house prices.

Over the longer term, Clarinda has seen property prices show investors a 38.36% return over the last 3 years. This is worse than over the last 12 months

Property investors looking for a bargain in Clarinda should be aiming for at least -3.11% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 48 properties changed hands in Clarinda, which puts it as the 440th most active market in VIC when comparing the number of sales per suburb.

Using the current median advertised rental of $410 and the average annual increase in value of a median property of 8.61%, investors should hope to achieve an overall return of 2.80%

If you compare the increase in value of investment property in Clarinda, 3169 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -7.89%.

When looking at the potential capital gains offered to property investors over the last 3 years, Clarinda comes in at number 262th in VIC.

Property investors should expect to get $390 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$761,000 $490,000
0.66% -2.00%
10.45% -7.89%
8.61% 5.21%
$410 $390
48 11
2.80% 4.14%
55.3 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 7461
Median household income ($/weekly) 1223
Median age of persons 41
Median housing loan repayment ($/monthly) 1725
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 759 10.2
    25-34 years 970 13.0
    35-44 years 955 12.8
    45-54 years 1072 14.4
    55-64 years 1034 13.9
    Others 2671 35.8
    Age Group
    Census Count Percent(%)
    Registered Married 3080 52.6
    Not Married 2590 44.3
    Defacto Relationship 183 3.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 3284 46.0
    Canada 260 3.6
    Hong Kong 457 6.4
    Indonesia 641 9.0
    Other 745 10.4
    Others 1751 24.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 643 9.2
    Christianity 4826 69.0
    Hinduism 247 3.5
    Islam 217 3.1
    No Religion 861 12.3
    Others 203 2.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 222 10.2
    $600-$799 218 10.1
    $1,000-$1,249 226 10.4
    $1,500-$1,999 327 15.1
    $2,000-$2,499 233 10.7
    Others 943 43.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2547 41.7
    Employed, worked full-time 2128 34.9
    Employed, worked part-time 997 16.3
    Employed, away from work 223 3.7
    Unemployed, looking for work 207 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 545 16.3
    Technicians & trades workers 498 14.9
    Clerical & administrative workers 541 16.1
    Sales 363 10.8
    Labourers 404 12.0
    Others 1002 29.9
    Occupation
    Census Count Percent(%)
    Pre-school 95 5.8
    Infants/Primary 440 26.9
    Secondary 488 29.9
    Technical or Further Educational Institution 187 11.4
    University or other Tertiary Institutions 358 21.9
    Others 66 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5056 72.3
    Semi-detached, row or terrace house, townhouse 1484 21.2
    Flat, unit or apartment 452 6.5
    Improvised home, tent, sleepers out 3 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1045 44.5
    Being purchased 757 32.2
    Rented 532 22.7
    Other tenure type 14 0.6
    Tenure Type
Census 2011, ABS
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