Suburb Profile Report for Edithvale VIC (3196)

Edithvale House: Median price $1,001,250, Annual capital growth 10.10%, Number of sales 80, Weekly median advertised rent $460

Edithvale Unit: Median price $617,500, Annual capital growth 6.45%, Number of sales 68, Weekly median advertised rent $378

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Edithvale have tracked higher than the VIC average of 10.43% over the last 12 months.

Edithvale,3196 was ranked 542 in Australia by increase in median property value over the quarter.

The most recent median price for Edithvale is $1001250, with sellers offering an average of -4.13% off the asking price.

Residents and property investors in Edithvale have been waiting around 32.29 days to sell a property.

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 18.75%

Across a shorter period, Edithvale, 3196 has seen a median price increase of 1.73% over the last quarter.

Property investors looking for a bargain in Edithvale should be aiming for at least -0.57% off the asking price, which is the average vendor discount being achieved at the moment.

A $377.5 per week rent on the median house gives suburb investors a gross yield of circa 3.18%, without taking into account capital value appreciation, which has been averaging out at 6.45%.

Metrics i HOUSE UNIT
$1,001,250 $617,500
6.35% 1.73%
21.00% 18.75%
10.10% 6.45%
$460 $378
80 68
2.39% 3.18%
32.29 73.56

Source: CoreLogic

DSR Score for property investment : Good (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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