Suburb Profile Report for Edithvale VIC (3196)

Edithvale House: Median price $900,000, Annual capital growth 9.17%, Number of sales 64, Weekly median advertised rent $450

Edithvale Unit: Median price $601,000, Annual capital growth 6.93%, Number of sales 54, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Unit Report

Edithvale is in the TOP 10% in VIC when comparing median price capital growth over the last year. Edithvale gave property investors a very good capital gain figure when compared to the rest of the state, with 22.87%.

When looking at the potential capital gains offered to property investors over the last 3 years, Edithvale comes in at number 63th in VIC.

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.

On average over the past year, suburb has had 5.33 sales per month, which equates to 64 per year.

With the median price for a house in Edithvale being $900000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 2.60%

Giving property investors a a solid capital gain of 27.28% for the last year, Edithvale, 3196 is the 47th highest performer in Australia in this respect.

Over the longer term, Edithvale has seen property prices show investors a 26.53% return over the last 3 years. This is an improvement over the last 12 months

Sellers are offering property buyers an average discount of -3.52% to buyers in Edithvale at the moment, which is less than average for the rest of VIC.

Metrics i HOUSE UNIT
$900,000 $601,000
6.45% 3.62%
22.87% 27.28%
9.17% 6.93%
$450 $370
64 54
2.60% 3.20%
35.07 68.58

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (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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