Suburb Profile Report for Noble Park VIC (3174)

Noble Park House: Median price $600,000, Annual capital growth 9.25%, Number of sales 271, Weekly median advertised rent $350

Noble Park Unit: Median price $380,000, Annual capital growth 6.55%, Number of sales 296, Weekly median advertised rent $310

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a a solid capital gain of 17.65% for the last year, Noble Park, 3174 is the 346th highest performer in Australia in this respect.

The five-year average increase in median property values for Noble Park,3174 has given property investors a potential capital gain of 50.00% across each of those five years.

The most recent median price for Noble Park is $600000, with sellers offering an average of -6.13% off the asking price.

Often selling an investment property can take time, and in Noble Park the average time real estate has been on the market is 64.82 days.

Situated 25.49km from the CBD, Noble Park is one of Greater Dandenong localities in the postcode 3174.

Property value increases in Noble Park have tracked just higher than the VIC average of 2.98% over the last 12 months.

Over the longer term, Noble Park has seen property prices show investors a 20.63% return over the last 3 years. This is worse than over the last 12 months

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 -7.99% is being offered, which puts this VIC suburb at 168th most discounted overall in Australia.

At number 539 in a list of fastest selling suburbs, Noble Park is in the TOP 40% of suburbs in Australia with an average of days on market 67.22 for properties listed there.

Advertised rents are around the $310 mark per week – giving a return of 4.24% based on the median price in Suburb

Metrics i HOUSE UNIT
$600,000 $380,000
3.45% 4.97%
17.65% 8.57%
9.25% 6.55%
$350 $310
271 296
3.03% 4.24%
64.82 67.22

Source: CoreLogic

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