Suburb Profile Report for Leopold VIC (3224)

Leopold House: Median price $417,000, Annual capital growth 4.94%, Number of sales 253, Weekly median advertised rent $360

Leopold Unit: Median price $290,000, Annual capital growth 2.90%, Number of sales 33, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 8.31% for the last 12 months, Leopold, 3224 has performed for property investments than its average annual 4.94% property growth over the last 5 years.

The five-year average increase in median property values for Leopold,3224 has given property investors a potential capital gain of 22.65% across each of those five years.

Our latest figures would indicate that property sellers in Leopold are currently offering property investors an average price cut of -4.84% below the asking price at the moment.

At number 1365th in the list of Australian suburbs ordered by increase in median house value over the last year, Leopold, 3224 is in the BOTTOM 30% with a property value increase of -4.13% recorded in median house prices.

Leopold,3224 was ranked 1342 in Australia by increase in median property value over the quarter.

Property buyers and investors in Leopold 3224 should be seeing an average reduction in asking price of around -5.00% . This means that Leopold is holding prices well when compared to other suburbs in VIC.

Residents and property investors in Leopold have been waiting around 115.53 days to sell a property.

Property investors should expect to get $300 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$417,000 $290,000
1.71% -1.69%
8.31% -4.13%
4.94% 2.90%
$360 $300
253 33
4.49% 5.38%
67.06 115.53

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 10111
Median household income ($/weekly) 1191
Median age of persons 39
Median housing loan repayment ($/monthly) 1565
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1394 13.8
    25-34 years 1205 11.9
    35-44 years 1408 13.9
    45-54 years 1325 13.1
    55-64 years 1195 11.8
    Others 3584 35.4
    Age Group
    Census Count Percent(%)
    Registered Married 4237 57.6
    Not Married 2440 33.2
    Defacto Relationship 681 9.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 8486 86.8
    Japan 93 1.0
    Papua New Guinea 101 1.0
    United Kingdom 558 5.7
    Other 106 1.1
    Others 433 4.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 64 0.7
    Christianity 6666 71.7
    Islam 40 0.4
    Other Religious Groups 22 0.2
    No Religion 2490 26.8
    Others 13 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 369 11.3
    $600-$799 348 10.6
    $800-$999 338 10.3
    $1,500-$1,999 523 16.0
    $2,000-$2,499 355 10.8
    Others 1345 41.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2906 37.3
    Not in the labour force 2744 35.2
    Employed, worked part-time 1642 21.1
    Employed, away from work 299 3.8
    Unemployed, looking for work 202 2.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 732 15.1
    Technicians & trades workers 935 19.3
    Community & personal service workers 565 11.7
    Clerical & administrative workers 697 14.4
    Sales 552 11.4
    Others 1366 28.2
    Occupation
    Census Count Percent(%)
    Pre-school 179 7.6
    Infants/Primary 880 37.6
    Secondary 702 30.0
    Technical or Further Educational Institution 259 11.1
    University or other Tertiary Institutions 236 10.1
    Others 85 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8885 93.5
    Flat, unit or apartment 384 4.0
    Caravan, cabin, houseboat 141 1.5
    Semi-detached, row or terrace house, townhouse 97 1.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1619 45.3
    Fully owned 1416 39.6
    Rented 498 13.9
    Other tenure type 44 1.2
    Tenure Type
Census 2011, ABS
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