Suburb Profile Report for Noble Park VIC (3174)

Noble Park House: Median price $617,000, Annual capital growth 9.57%, Number of sales 275, Weekly median advertised rent $360

Noble Park Unit: Median price $390,000, Annual capital growth 6.98%, Number of sales 301, Weekly median advertised rent $315

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 502th in the list of Australian suburbs ordered by increase in median house value over the last year, Noble Park, 3174 is in the top 20% with a property value increase of 16.42% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Noble Park comes in at number 52th in VIC.

At number 170th of VIC’s most discounted properties, Noble Park is in the bottom 30% of the state/territory when listing in order of most discounted to least.

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

Noble Park has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 10.80% to date .

Comparing Noble Park,3174 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property buyers and investors in Noble Park 3174 should be seeing an average reduction in asking price of around -9.21% . This means that Noble Park is holding prices well when compared to other suburbs in VIC.

A $315 per week rent on the median house gives suburb investors a gross yield of circa 4.20%, without taking into account capital value appreciation, which has been averaging out at 6.98%.

Metrics i HOUSE UNIT
$617,000 $390,000
2.75% 2.63%
16.42% 10.80%
9.57% 6.98%
$360 $315
275 301
3.03% 4.20%
58.74 57.59

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 28377
Median household income ($/weekly) 901
Median age of persons 35
Median housing loan repayment ($/monthly) 1500
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 3015 10.6
    25-34 years 5435 19.2
    35-44 years 3818 13.5
    45-54 years 3354 11.8
    55-64 years 2982 10.5
    Others 9773 34.4
    Age Group
    Census Count Percent(%)
    Not Married 10723 49.5
    Registered Married 9945 45.9
    Defacto Relationship 1012 4.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 10713 39.9
    Indonesia 2410 9.0
    Sri Lanka 1498 5.6
    Viet Nam 2292 8.5
    Other 3355 12.5
    Others 6587 24.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 4769 18.2
    Christianity 13378 51.1
    Islam 2424 9.3
    Other Religious Groups 1062 4.1
    No Religion 3535 13.5
    Others 1017 3.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 1224 13.3
    $600-$799 1182 12.9
    $800-$999 1026 11.2
    $1,000-$1,249 1019 11.1
    $1,500-$1,999 995 10.8
    Others 3738 40.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 9499 43.0
    Employed, worked full-time 7229 32.7
    Employed, worked part-time 3458 15.6
    Unemployed, looking for work 1196 5.4
    Employed, away from work 730 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1423 12.5
    Technicians & trades workers 1667 14.6
    Clerical & administrative workers 1539 13.5
    Machinery operators & drivers 1602 14.0
    Labourers 1956 17.1
    Others 3231 28.3
    Occupation
    Census Count Percent(%)
    Infants/Primary 1743 27.9
    Secondary 1537 24.6
    Technical or Further Educational Institution 885 14.2
    University or other Tertiary Institutions 1122 18.0
    Other type of educational institution 578 9.2
    Others 384 6.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 17284 64.5
    Flat, unit or apartment 7173 26.8
    Semi-detached, row or terrace house, townhouse 2325 8.7
    House or flat attached to a shop, office 15 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 3808 38.8
    Fully owned 3081 31.4
    Being purchased 2866 29.2
    Other tenure type 51 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals