Suburb Profile Report for Noble Park North VIC (3174)

Noble Park North House: Median price $538,000, Annual capital growth 8.50%, Number of sales 94, Weekly median advertised rent $355

Noble Park North Unit: Median price $386,000, Annual capital growth 6.48%, Number of sales 11, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Noble Park North have tracked higher than the VIC average of 8.13% over the last 12 months.

A 31.54% growth in median value for property investors in Noble Park North,3174 puts this suburb at number 142th in terms of best performing suburbs in VIC

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.99% offered to property buyers. Sellers in Noble Park North itself are offering an average vendor discount of -3.00% to real estate investors.

The VIC suburb of Noble Park North, 3174 is in the Greater Dandenong local government area.

If you compare the increase in value of investment property in Noble Park North, 3174 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 4.11%.

While Noble Park North,3174 ranked number 138th in VIC for increase in median house value (annualised) increase, it is ranked 165th over the last 5 years.

With the median price for a house in Noble Park North being $386000 and the advertised rent reaching $330 the gross rental yield for property investors calculates out to be 4.45%

HOUSE UNIT
$538,000 $386,000
3.36% 1.18%
16.96% 4.11%
8.50% 6.48%
$355 $330
94 11
3.43% 4.45%
35.05 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 7390
Median household income ($/weekly) 1057
Median age of persons 38
Median housing loan repayment ($/monthly) 1425
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 904 12.2
    25-34 years 1041 14.1
    35-44 years 1052 14.2
    45-54 years 920 12.4
    55-64 years 997 13.5
    Others 2476 33.5
    Age Group
    Census Count Percent(%)
    Registered Married 2896 50.5
    Not Married 2577 44.9
    Defacto Relationship 263 4.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 3397 48.5
    Indonesia 276 3.9
    Sri Lanka 342 4.9
    Viet Nam 284 4.1
    Other 842 12.0
    Others 1864 26.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 644 9.5
    Christianity 4443 65.3
    Hinduism 173 2.5
    Islam 511 7.5
    No Religion 936 13.8
    Others 100 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 278 12.0
    $600-$799 282 12.2
    $1,000-$1,249 264 11.4
    $1,500-$1,999 305 13.2
    $2,000-$2,499 222 9.6
    Others 965 41.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2378 41.3
    Employed, worked full-time 2076 36.1
    Employed, worked part-time 850 14.8
    Unemployed, looking for work 258 4.5
    Employed, away from work 195 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 410 13.1
    Technicians & trades workers 475 15.2
    Clerical & administrative workers 503 16.1
    Machinery operators & drivers 386 12.4
    Labourers 451 14.4
    Others 898 28.8
    Occupation
    Census Count Percent(%)
    Pre-school 99 6.2
    Infants/Primary 550 34.4
    Secondary 459 28.7
    Technical or Further Educational Institution 175 10.9
    University or other Tertiary Institutions 245 15.3
    Others 72 4.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6720 94.4
    Flat, unit or apartment 309 4.3
    Semi-detached, row or terrace house, townhouse 77 1.1
    House or flat attached to a shop, office 11 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 953 38.1
    Being purchased 854 34.1
    Rented 686 27.4
    Other tenure type 9 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals