Suburb Profile Report for Eumemmerring VIC (3177)

Eumemmerring House: Median price $490,000, Annual capital growth 7.79%, Number of sales 27, Weekly median advertised rent $340

Eumemmerring Unit: Median price $350,000, Annual capital growth 7.56%, Number of sales 21, Weekly median advertised rent $295

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

Source: CoreLogic

  • House Report
  • Unit Report

VIC has seen average median house prices change by 10.43% which means that Eumemmerring, 3177 has done well for property investors by showing a capital gain of 15.29% over the last year

If we look at median property appreciation over just the last three months, Eumemmerring has given property investors a paper return of 5.15%. This puts Suburb as 148 on a list of fastest fasting appreciating suburbs in VIC

Property investors looking for a bargain in Eumemmerring should be aiming for at least -2.08% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Eumemmerring the average time real estate has been on the market is 55 days.

Situated 32.38km from the CBD, Eumemmerring is one of Casey localities in the postcode 3177.

Property investors who have had real estate in Eumemmerring, 3177 should be relatively 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 6.38%

The five-year average increase in median property values for Eumemmerring,3177 has given property investors a potential capital gain of 22.81% across each of those five years.

Property buyers and investors in Eumemmerring 3177 should be seeing an average reduction in asking price of around -5.60% . This means that Eumemmerring is holding prices well when compared to other suburbs in VIC.

In the last year 21 properties changed hands in Eumemmerring, which puts it as the 292th most active market in VIC when comparing the number of sales per suburb.

Metrics i HOUSE UNIT
$490,000 $350,000
5.15% 4.48%
15.29% 6.38%
7.79% 7.56%
$340 $295
27 21
3.61% 4.38%
55 67.89

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 1851
Median household income ($/weekly) 796
Median age of persons 40
Median housing loan repayment ($/monthly) 1326
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 210 11.4
    25-34 years 237 12.8
    35-44 years 239 12.9
    45-54 years 246 13.3
    55-64 years 205 11.1
    Others 713 38.5
    Age Group
    Census Count Percent(%)
    Not Married 716 52.1
    Registered Married 587 42.7
    Defacto Relationship 71 5.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 818 49.1
    Indonesia 52 3.1
    Papua New Guinea 52 3.1
    United Kingdom 93 5.6
    Other 241 14.5
    Others 411 24.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 90 5.6
    Christianity 1002 62.5
    Islam 194 12.1
    Other Religious Groups 30 1.9
    No Religion 257 16.0
    Others 31 1.9
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 82 13.6
    $400-$599 94 15.5
    $600-$799 76 12.6
    $800-$999 70 11.6
    $1,000-$1,249 64 10.6
    Others 219 36.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 653 47.7
    Employed, worked full-time 408 29.8
    Employed, worked part-time 189 13.8
    Unemployed, looking for work 69 5.0
    Employed, away from work 50 3.7
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 116 17.8
    Community & personal service workers 64 9.8
    Clerical & administrative workers 85 13.1
    Machinery operators & drivers 122 18.7
    Labourers 107 16.4
    Others 157 24.1
    Occupation
    Census Count Percent(%)
    Pre-school 26 7.4
    Infants/Primary 106 30.4
    Secondary 119 34.1
    Technical or Further Educational Institution 40 11.5
    University or other Tertiary Institutions 38 10.9
    Others 20 5.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1373 80.2
    Flat, unit or apartment 339 19.8
    Semi-detached, row or terrace house, townhouse 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 254 38.0
    Fully owned 203 30.4
    Being purchased 197 29.5
    Other tenure type 14 2.1
    Tenure Type
Census 2011, ABS
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