Suburb Profile Report for Eumemmerring VIC (3177)

Eumemmerring House: Median price $465,000, Annual capital growth 7.18%, Number of sales 27, Weekly median advertised rent $340

Eumemmerring Unit: Median price $335,000, Annual capital growth 7.88%, Number of sales 21, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Eumemmerring have tracked just higher than the VIC average of 8.96% over the last 12 months.

If we look at median property appreciation over just the last three months, Eumemmerring has given property investors a paper return of 1.83%. This puts Suburb as 372 on a list of fastest fasting appreciating suburbs in VIC

LACK OF BUYER INTEREST may well be the reason that Eumemmerring is offering property investors an average of -5.87. This rate of discount on properties puts Suburb at number 609th in terms of most discounted suburbs in VIC

At number 709 in a list of fastest selling suburbs, Eumemmerring is in the TOP 20% of suburbs in Australia with an average of days on market 54.13 for properties listed there.

Advertised rents are around the $340 mark per week – giving a return of 3.80% based on the median price in Suburb

Property value increases in Eumemmerring have tracked close to the VIC average of 4.26% over the last 12 months.

Taking the average capital gain, or increase in median house value, Eumemmerring,3177 has racked up an average of 3.47% over the period. This ranks it number 886th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Eumemmerring should be aiming for at least -3.86% off the asking price, which is the average vendor discount being achieved at the moment.

Metrics i HOUSE UNIT
$465,000 $335,000
1.83% N/A
12.05% 3.47%
7.18% 7.88%
$340 $290
27 21
3.80% 4.50%
54.13 69.61

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
Find a mortgage broker in Eumemmerring VIC
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
Chart Table
Recent sales & rentals