Suburb Profile Report for Noble Park VIC (3174)

Noble Park House: Median price $600,000, Annual capital growth 9.22%, Number of sales 269, Weekly median advertised rent $350

Noble Park Unit: Median price $375,000, Annual capital growth 6.65%, Number of sales 300, Weekly median advertised rent $310

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 17.65% for the last 12 months, Noble Park, 3174 has performed for property investments than its average annual 9.22% property growth over the last 5 years.

Over the longer term, Noble Park has seen property prices show investors a 50.38% return over the last 3 years. This is worse than over the last 12 months

Noble Park3174 is located in VIC which offers an average discount of -6.03% to property investors. Noble Park itself is showing figures that indicate -5.89% is the average achievable by property buyers investing in the suburb.

In the last year 269 properties changed hands in Noble Park, which puts it as the 70th most active market in VIC when comparing the number of sales per suburb.

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

With a capital gain of 7.14% for the last 12 months, Noble Park, 3174 has performed for property investments than its average annual 6.65% property growth over the last 5 years.

Over the longer term, Noble Park has seen property prices show investors a 18.30% 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 -7.51% is being offered, which puts this VIC suburb at 205th most discounted overall in Australia.

Residents and property investors in Noble Park have been waiting around 68.93 days to sell a property.

Property investors should expect to get $310 weekly from the median priced house in this suburb.

HOUSE UNIT
$600,000 $375,000
4.35% 3.95%
17.65% 7.14%
9.22% 6.65%
$350 $310
269 300
3.03% 4.30%
63.75 68.93

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