Suburb Profile Report for Lovely Banks VIC (3221)

Lovely Banks House: Median price $393,000, Annual capital growth 6.05%, Number of sales 20, Weekly median advertised rent N/A

Source: CoreLogic

  • House Report

With a capital gain of 3.69% for the last 12 months, Lovely Banks, 3221 has performed for property investments than its average annual 6.05% property growth over the last 5 years.

Comparing Lovely Banks,3221 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Vendor discounting in Lovely Banks is giving property investors an average Vendor Discount of around -5.81%. This puts suburb at number 439th in VIC when ranking the most discounted suburbs.

HOUSE UNIT
$393,000 N/A
1.81% N/A
3.69% N/A
6.05% N/A
N/A N/A
20 N/A
N/A N/A
108.17 N/A

Source: CoreLogic

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Demographics
Total population 2218
Median household income ($/weekly) 1365
Median age of persons 35
Median housing loan repayment ($/monthly) 1733
Average household size 3
  • Census Count Percent(%)
    5-14 years 356 16.1
    25-34 years 240 10.8
    35-44 years 347 15.6
    45-54 years 362 16.3
    55-64 years 207 9.3
    Others 706 31.8
    Age Group
    Census Count Percent(%)
    Registered Married 855 54.7
    Not Married 604 38.6
    Defacto Relationship 105 6.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1626 78.1
    Egypt 46 2.2
    Japan 43 2.1
    United Kingdom 69 3.3
    Other 79 3.8
    Others 218 10.5
    Country of Birth
    Census Count Percent(%)
    Christianity 1571 78.9
    No Religion 350 17.6
    Buddhism 35 1.8
    Islam 30 1.5
    Other Religious Groups 6 0.3
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 57 9.2
    $1,250-$1,499 55 8.9
    $1,500-$1,999 89 14.4
    $2,000-$2,499 70 11.3
    $2,500-$2,999 63 10.2
    Others 283 45.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 631 39.4
    Not in the labour force 507 31.7
    Employed, worked part-time 368 23.0
    Employed, away from work 54 3.4
    Unemployed, looking for work 41 2.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 120 11.4
    Technicians & trades workers 196 18.6
    Clerical & administrative workers 128 12.1
    Sales 125 11.9
    Labourers 123 11.7
    Others 362 34.3
    Occupation
    Census Count Percent(%)
    Pre-school 38 6.6
    Infants/Primary 224 38.7
    Secondary 200 34.5
    Technical or Further Educational Institution 50 8.6
    University or other Tertiary Institutions 58 10.0
    Others 9 1.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1919 92.8
    Flat, unit or apartment 127 6.1
    Semi-detached, row or terrace house, townhouse 22 1.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 321 47.3
    Fully owned 252 37.2
    Rented 105 15.5
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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