Suburb Profile Report for Noble Park VIC (3174)

Noble Park House: Median price $589,000, Annual capital growth 9.28%, Number of sales 257, Weekly median advertised rent $350

Noble Park Unit: Median price $373,000, Annual capital growth 6.78%, Number of sales 290, Weekly median advertised rent $310

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Noble Park, 3174 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 16.40%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Noble Park has increased when compared to the 5 year average annual rate.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.04% offered to property buyers. Sellers in Noble Park itself are offering an average vendor discount of -5.27% to real estate investors.

Noble Park is 396th on a list of best yielding suburbs for rents in VIC with a 3.09% return

At number 474th in the list of Australian suburbs ordered by increase in median house value over the last year, Noble Park, 3174 is in the top 30% with a property value increase of 8.43% recorded in median house prices.

While Noble Park,3174 ranked number 63th in VIC for increase in median house value (annualised) increase, it is ranked 96th over the last 5 years.

Property buyers and investors in Noble Park 3174 should be seeing an average reduction in asking price of around -7.02% . This means that Noble Park is holding prices well when compared to other suburbs in VIC.

Residents and property investors in Noble Park have been waiting around 70.32 days to sell a property.

Noble Park is 165th on a list of best yielding suburbs for rents in VIC with a 4.32% return

HOUSE UNIT
$589,000 $373,000
3.33% 3.61%
16.40% 8.43%
9.28% 6.78%
$350 $310
257 290
3.09% 4.32%
62.7 70.32

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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