Suburb Profile Report for Breakwater VIC (3219)

Breakwater House: Median price $279,000, Annual capital growth 4.77%, Number of sales 22, Weekly median advertised rent $300

Breakwater Unit: Median price $310,000, Annual capital growth 2.65%, Number of sales 12, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

Breakwater is in the bottom 30% in VIC when comparing median price capital growth over the last year. Breakwater gave property investors a disappointing capital gain figure when compared to the rest of the state, with 3.33%.

Across a shorter period, Breakwater, 3219 has seen a median price increase of 0.36% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Breakwater is offering property investors an average of -5.87. This rate of discount on properties puts Suburb at number 240th in terms of most discounted suburbs in VIC

Residents and property investors in Breakwater have been waiting around 64.65 days to sell a property.

Breakwater is an average performer in VIC when comparing median price capital growth over the last year. Breakwater gave property investors a average capital gain figure when compared to the rest of the state, with 2.65%.

Breakwater3219 is located in VIC which offers an average discount of -5.07% to property investors. Breakwater itself is showing figures that indicate -5.00% is the average achievable by property buyers investing in the suburb.

Breakwater, 3219’s gross rental yield is 4.19%

Metrics i HOUSE UNIT
$279,000 $310,000
0.36% N/A
3.33% 2.65%
4.77% 2.65%
$300 $250
22 12
5.59% 4.19%
64.65 63.08

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