Suburb Profile Report for Edithvale VIC (3196)

Edithvale House: Median price $867,500, Annual capital growth 9.03%, Number of sales 71, Weekly median advertised rent $430

Edithvale Unit: Median price $580,000, Annual capital growth 6.61%, Number of sales 74, Weekly median advertised rent $388

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Edithvale, 3196 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 20.91%.

Edithvale,3196 has offered an average of 20.91% return per annum in house price rises to property investors over the last three years.

Our latest figures would indicate that property sellers in Edithvale are currently offering property investors an average price cut of -5.66% below the asking price at the moment.

VIC has seen average median house prices change by 3.19% which means that Edithvale, 3196 has done well for property investors by showing a capital gain of 25.38% over the last year

Across a shorter period, Edithvale, 3196 has seen a median price increase of 5.60% over the last quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Edithvale, 3196. Typically our figures indicate that -3.64% is being offered, which puts this VIC suburb at 1192th most discounted overall in Australia.

Renters in Suburb are facing rents around $4650 per annum or $387.5 every week.

HOUSE UNIT
$867,500 $580,000
3.89% 5.60%
20.91% 25.38%
9.03% 6.61%
$430 $388
71 74
2.58% 3.47%
26.86 68.94

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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
Chart Table
Recent sales & rentals