Suburb Profile Report for Eumemmerring VIC (3177)

Eumemmerring House: Median price $490,000, Annual capital growth 7.87%, Number of sales 27, Weekly median advertised rent $340

Eumemmerring Unit: Median price $350,000, Annual capital growth 4.09%, 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

Investment property in Eumemmerring has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.51%

Across a shorter period, Eumemmerring, 3177 has seen a median price increase of 0.93% over the last quarter.

The most recent median price for Eumemmerring is $490000, with sellers offering an average of -2.41% off the asking price.

With the median price for a house in Eumemmerring being $490000 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 3.61%

Over the last year, property investments in Eumemmerring, 3177 have given investors a capital gain of 4.79%. This compares averagely with the 5.66% for VIC as a whole.

Eumemmerring,3177 has offered an average of 4.79% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Eumemmerring should be aiming for at least -7.14% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Eumemmerring have been waiting around 52.84 days to sell a property.

Property investors should expect to get $295 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$490,000 $350,000
0.93% 0.86%
12.51% 4.79%
7.87% 4.09%
$340 $295
27 21
3.61% 4.38%
57.47 52.84

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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