Suburb Profile Report for Eumemmerring VIC (3177)

Eumemmerring House: Median price $482,750, Annual capital growth 7.63%, Number of sales 26, Weekly median advertised rent $345

Eumemmerring Unit: Median price $341,000, Annual capital growth 7.66%, Number of sales 22, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report

Eumemmerring, 3177 ranked 167th in VIC when comparing growth in median property values or capital gain over the last 12 months. Eumemmerring is one of 2098 in our list for VIC

If we look at median property appreciation over just the last three months, Eumemmerring has given property investors a paper return of 4.38%. This puts Suburb as 200 on a list of fastest fasting appreciating suburbs in VIC

Eumemmerring, 3177 is offering VIC ‘s 596th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this VIC.

In the last year 26 properties changed hands in Eumemmerring, which puts it as the 550th most active market in VIC when comparing the number of sales per suburb.

With the median price for a house in Eumemmerring being $482750 and the advertised rent reaching $345 the gross rental yield for property investors calculates out to be 3.72%

Eumemmerring has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 5.33% to date .

Eumemmerring,3177 was ranked 652 in Australia by increase in median property value over the quarter.

Eumemmerring, 3177 is offering VIC ‘s 240th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this VIC.

A $290 per week rent on the median house gives suburb investors a gross yield of circa 4.42%, without taking into account capital value appreciation, which has been averaging out at 7.66%.

Metrics i HOUSE UNIT
$482,750 $341,000
4.38% 1.79%
14.67% 5.33%
7.63% 7.66%
$345 $290
26 22
3.72% 4.42%
59.82 71.27

Source: CoreLogic

DSR Score for property investment : Above average (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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