Suburb Profile Report for Clarinda VIC (3169)

Clarinda House: Median price $706,000, Annual capital growth 8.45%, Number of sales 40, Weekly median advertised rent $395

Clarinda Unit: Median price $477,500, Annual capital growth 4.57%, Number of sales 15, Weekly median advertised rent $388

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Clarinda has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.79%

Over the longer term, Clarinda has seen property prices show investors a 44.38% return over the last 3 years. This is worse than over the last 12 months

The most recent median price for Clarinda is $706000, with sellers offering an average of -2.86% off the asking price.

A $395 per week rent on the median house gives suburb investors a gross yield of circa 2.91%, without taking into account capital value appreciation, which has been averaging out at 8.45%.

Clarinda has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -9.48% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Clarinda comes in at number 214th in VIC.

Situated 18.43km from the CBD, Clarinda is one of Kingston localities in the postcode 3169.

HOUSE UNIT
$706,000 $477,500
1.22% -12.71%
7.79% -9.48%
8.45% 4.57%
$395 $388
40 15
2.91% 4.22%
60.05 N/A

Source: CoreLogic

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