Suburb Profile Report for St Leonards VIC (3223)

St Leonards House: Median price $422,500, Annual capital growth 5.20%, Number of sales 109, Weekly median advertised rent $293

St Leonards Unit: Median price $310,000, Annual capital growth 4.27%, Number of sales 14, Weekly median advertised rent $270

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 17.36% for the last 12 months, St Leonards, 3223 has performed for property investments than its average annual 5.20% property growth over the last 5 years.

Over the longer term, St Leonards has seen property prices show investors a 22.46% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that St Leonards is offering property investors an average of -6.04. This rate of discount on properties puts Suburb at number 115th in terms of most discounted suburbs in VIC

In the last year 109 properties changed hands in St Leonards, which puts it as the 236th most active market in VIC when comparing the number of sales per suburb.

St Leonards, 3223’s gross rental yield is 3.60%

Investment property in St Leonards has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -16.55%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in St Leonards has increased when compared to the 5 year average annual rate.

Sellers are offering property buyers an average discount of -3.42% to buyers in St Leonards at the moment, which is less than average for the rest of VIC.

Renters in Suburb are facing rents around $3240 per annum or $270 every week.

HOUSE UNIT
$422,500 $310,000
5.63% -10.66%
17.36% -16.55%
5.20% 4.27%
$293 $270
109 14
3.60% 4.53%
117.01 54.16

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 2000
Median household income ($/weekly) 730
Median age of persons 53
Median housing loan repayment ($/monthly) 1560
Average household size 2.2
  • Census Count Percent(%)
    35-44 years 214 10.7
    45-54 years 256 12.8
    55-64 years 375 18.8
    65-74 years 320 16.0
    75-84 years 211 10.6
    Others 624 31.2
    Age Group
    Census Count Percent(%)
    Registered Married 837 54.8
    Not Married 568 37.2
    Defacto Relationship 122 8.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1574 83.1
    Hong Kong 32 1.7
    Japan 36 1.9
    United Kingdom 103 5.4
    Other 29 1.5
    Others 119 6.3
    Country of Birth
    Census Count Percent(%)
    Christianity 1258 69.5
    No Religion 525 29.0
    Buddhism 19 1.1
    Other Religious Groups 4 0.2
    Judaism 3 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 82 10.5
    $400-$599 152 19.5
    $600-$799 120 15.4
    $800-$999 86 11.0
    $1,000-$1,249 74 9.5
    Others 265 34.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 918 56.5
    Employed, worked full-time 354 21.8
    Employed, worked part-time 238 14.7
    Unemployed, looking for work 60 3.7
    Employed, away from work 54 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 95 14.7
    Technicians & trades workers 111 17.2
    Community & personal service workers 73 11.3
    Sales 82 12.7
    Labourers 90 14.0
    Others 194 30.1
    Occupation
    Census Count Percent(%)
    Pre-school 31 9.8
    Infants/Primary 115 36.3
    Secondary 95 30.0
    Technical or Further Educational Institution 32 10.1
    University or other Tertiary Institutions 28 8.8
    Others 16 5.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1674 91.3
    Flat, unit or apartment 91 5.0
    Semi-detached, row or terrace house, townhouse 64 3.5
    Caravan, cabin, houseboat 4 0.2
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 414 50.1
    Rented 222 26.8
    Being purchased 191 23.1
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals