Suburb Profile Report for Eumemmerring VIC (3177)

Eumemmerring House: Median price $490,000, Annual capital growth 8.42%, Number of sales 25, Weekly median advertised rent $340

Eumemmerring Unit: Median price $335,000, Annual capital growth 6.82%, Number of sales 21, Weekly median advertised rent $300

  • 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 Eumemmerring, 3177 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 16.39%

Comparing Eumemmerring,3177 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property buyers and investors in Eumemmerring 3177 should be seeing an average reduction in asking price of around -2.08% . This means that Eumemmerring is holding prices well when compared to other suburbs in VIC.

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

Giving property investors a an average capital gain of 3.08% for the last year, Eumemmerring, 3177 is the 871th highest performer in Australia in this respect.

LACK OF BUYER INTEREST may well be the reason that Eumemmerring is offering property investors an average of -4.95. This rate of discount on properties puts Suburb at number 221th in terms of most discounted suburbs in VIC

In the last year 21 properties changed hands in Eumemmerring, which puts it as the 289th most active market in VIC when comparing the number of sales per suburb.

A $300 per week rent on the median house gives suburb investors a gross yield of circa 4.66%, without taking into account capital value appreciation, which has been averaging out at 6.82%.

Metrics i HOUSE UNIT
$490,000 $335,000
5.66% N/A
16.39% 3.08%
8.42% 6.82%
$340 $300
25 21
3.61% 4.66%
62.46 70.77

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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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