Suburb Profile Report for Breakwater VIC (3219)

Breakwater House: Median price $277,750, Annual capital growth 5.34%, Number of sales 19, Weekly median advertised rent $300

Breakwater Unit: Median price $310,000, Annual capital growth N/A, Number of sales 11, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

Breakwater, 3219 ranked 476th in VIC when comparing growth in median property values or capital gain over the last 12 months. Breakwater is one of 2098 in our list for VIC

Across a shorter period, Breakwater, 3219 has seen a median price increase of 1.00% 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 Breakwater, 3219. Typically our figures indicate that -4.83% is being offered, which puts this VIC suburb at 2677th most discounted overall in Australia.

Residents and property investors in Breakwater have been waiting around 66.64 days to sell a property.

Using the current median advertised rental of $300 and the average annual increase in value of a median property of 5.34%, investors should hope to achieve an overall return of 5.62%

In the last year 11 properties changed hands in Breakwater, which puts it as the 372th most active market in VIC when comparing the number of sales per suburb.

With the median price for a house in Breakwater being $310000 and the advertised rent reaching $250 the gross rental yield for property investors calculates out to be 4.19%

HOUSE UNIT
$277,750 $310,000
1.00% N/A
4.42% N/A
5.34% N/A
$300 $250
19 11
5.62% 4.19%
66.64 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 1059
Median household income ($/weekly) 802
Median age of persons 38
Median housing loan repayment ($/monthly) 1387
Average household size 2.1
  • Census Count Percent(%)
    25-34 years 163 15.4
    35-44 years 121 11.4
    45-54 years 125 11.8
    55-64 years 126 11.9
    65-74 years 114 10.8
    Others 409 38.7
    Age Group
    Census Count Percent(%)
    Not Married 421 50.6
    Registered Married 311 37.4
    Defacto Relationship 100 12.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 834 84.2
    Bosnia and Herzegovina 8 0.8
    New Zealand 10 1.0
    United Kingdom 45 4.5
    Other 26 2.6
    Others 67 6.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 10 1.0
    Christianity 660 69.0
    Hinduism 7 0.7
    Other Religious Groups 6 0.6
    No Religion 271 28.3
    Others 3 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 47 11.0
    $400-$599 61 14.3
    $600-$799 65 15.2
    $800-$999 58 13.6
    $1,500-$1,999 42 9.8
    Others 154 36.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 348 40.7
    Employed, worked full-time 274 32.1
    Employed, worked part-time 149 17.4
    Unemployed, looking for work 61 7.1
    Employed, away from work 22 2.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 45 10.2
    Technicians & trades workers 88 20.0
    Community & personal service workers 55 12.5
    Clerical & administrative workers 44 10.0
    Labourers 91 20.6
    Others 118 26.8
    Occupation
    Census Count Percent(%)
    Pre-school 10 5.5
    Infants/Primary 64 35.4
    Secondary 48 26.5
    Technical or Further Educational Institution 27 14.9
    University or other Tertiary Institutions 23 12.7
    Others 9 5.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 895 88.8
    Semi-detached, row or terrace house, townhouse 88 8.7
    Flat, unit or apartment 22 2.2
    House or flat attached to a shop, office 3 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 162 35.7
    Fully owned 150 33.0
    Being purchased 142 31.3
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals