Suburb Profile Report for Edithvale VIC (3196)

Edithvale House: Median price $890,000, Annual capital growth 9.06%, Number of sales 62, Weekly median advertised rent $450

Edithvale Unit: Median price $578,000, Annual capital growth 6.39%, Number of sales 67, Weekly median advertised rent $380

  • 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 Edithvale, 3196 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 21.54%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Edithvale has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Edithvale should be aiming for at least -6.22% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 62 properties changed hands in Edithvale, which puts it as the 375th most active market in VIC when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $5400 per annum or $450 every week.

Edithvale has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 19.95% to date .

Over the longer term, Edithvale has seen property prices show investors a 21.68% return over the last 3 years. This is worse than over the last 12 months

Vendor discounting in Edithvale is giving property investors an average Vendor Discount of around -3.51%. This puts suburb at number 267th in VIC when ranking the most discounted suburbs.

Edithvale is 295th on a list of best yielding suburbs for rents in VIC with a 3.42% return

HOUSE UNIT
$890,000 $578,000
5.33% 1.40%
21.54% 19.95%
9.06% 6.39%
$450 $380
62 67
2.63% 3.42%
24.91 73.26

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 5449
Median household income ($/weekly) 1299
Median age of persons 39
Median housing loan repayment ($/monthly) 1900
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 613 11.2
    25-34 years 699 12.8
    35-44 years 923 16.9
    45-54 years 762 14.0
    55-64 years 530 9.7
    Others 1923 35.3
    Age Group
    Census Count Percent(%)
    Registered Married 1920 48.0
    Not Married 1654 41.4
    Defacto Relationship 425 10.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 4190 79.9
    Indonesia 43 0.8
    Papua New Guinea 91 1.7
    United Kingdom 368 7.0
    Other 142 2.7
    Others 408 7.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 56 1.1
    Christianity 3396 69.2
    Islam 32 0.7
    Other Religious Groups 31 0.6
    No Religion 1363 27.8
    Others 28 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 185 9.7
    $600-$799 189 10.0
    $1,500-$1,999 255 13.4
    $2,000-$2,499 188 9.9
    $2,500-$2,999 183 9.6
    Others 898 47.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1737 40.7
    Not in the labour force 1401 32.8
    Employed, worked part-time 845 19.8
    Employed, away from work 161 3.8
    Unemployed, looking for work 126 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 363 13.2
    Professionals 630 23.0
    Technicians & trades workers 434 15.8
    Clerical & administrative workers 454 16.6
    Sales 276 10.1
    Others 584 21.3
    Occupation
    Census Count Percent(%)
    Pre-school 97 8.3
    Infants/Primary 385 32.8
    Secondary 345 29.4
    Technical or Further Educational Institution 117 10.0
    University or other Tertiary Institutions 187 15.9
    Others 43 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3902 76.8
    Semi-detached, row or terrace house, townhouse 718 14.1
    Flat, unit or apartment 421 8.3
    House or flat attached to a shop, office 40 0.8
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 822 40.3
    Fully owned 699 34.3
    Rented 510 25.0
    Other tenure type 7 0.3
    Tenure Type
Census 2011, ABS
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