Suburb Profile Report for Noble Park VIC (3174)

Noble Park House: Median price $650,000, Annual capital growth 9.64%, Number of sales 252, Weekly median advertised rent $360

Noble Park Unit: Median price $410,000, Annual capital growth 7.13%, Number of sales 276, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

Noble Park, 3174 ranked 279th in VIC when comparing growth in median property values or capital gain over the last 12 months. Noble Park is one of 2098 in our list for VIC

While Noble Park,3174 ranked number 412th in VIC for increase in median house value (annualised) increase, it is ranked 95th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Noble Park is offering property investors an average of -5.26. This rate of discount on properties puts Suburb at number 593th in terms of most discounted suburbs in VIC

Using the current median advertised rental of $360 and the average annual increase in value of a median property of 9.64%, investors should hope to achieve an overall return of 2.88%

VIC has seen average median house prices change by 5.66% which means that Noble Park, 3174 has done well for property investors by showing a capital gain of 13.02% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Noble Park comes in at number 44th in VIC.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Noble Park, 3174. Typically our figures indicate that -5.84% is being offered, which puts this VIC suburb at 503th most discounted overall in Australia.

In the last year 276 properties changed hands in Noble Park, which puts it as the 17th most active market in VIC when comparing the number of sales per suburb.

Metrics i HOUSE UNIT
$650,000 $410,000
1.56% 3.40%
14.04% 13.02%
9.64% 7.13%
$360 $320
252 276
2.88% 4.06%
51.95 54.82

Source: CoreLogic

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