Suburb Profile Report for Barwon Heads VIC (3227)

Barwon Heads House: Median price $832,500, Annual capital growth 7.32%, Number of sales 98, Weekly median advertised rent $380

Barwon Heads Unit: Median price $580,000, Annual capital growth 4.90%, Number of sales 21, Weekly median advertised rent $355

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Barwon Heads, 3227 have given investors a capital gain of 7.98%. This compares averagely with the 8.06% for VIC as a whole.

If we look at median property appreciation over just the last three months, Barwon Heads has given property investors a paper return of 1.52%. This puts Suburb as 406 on a list of fastest fasting appreciating suburbs in VIC

Vendor discounting in Barwon Heads is giving property investors an average Vendor Discount of around -5.04%. This puts suburb at number 376th in VIC when ranking the most discounted suburbs.

In the last year 98 properties changed hands in Barwon Heads, which puts it as the 264th most active market in VIC when comparing the number of sales per suburb.

With the median price for a house in Barwon Heads being $832500 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 2.37%

Barwon Heads is in the bottom 30% in VIC when comparing median price capital growth over the last year. Barwon Heads gave property investors a disappointing capital gain figure when compared to the rest of the state, with -1.69%.

Comparing Barwon Heads,3227 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

At number 211th of VIC’s most discounted properties, Barwon Heads is in the TOP 40% of the state/territory when listing in order of most discounted to least.

Using the current median advertised rental of $355 and the average annual increase in value of a median property of 4.90%, investors should hope to achieve an overall return of 3.18%

HOUSE UNIT
$832,500 $580,000
1.52% 3.34%
7.98% -1.69%
7.32% 4.90%
$380 $355
98 21
2.37% 3.18%
85.34 112.58

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
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Demographics
Total population 3535
Median household income ($/weekly) 1428
Median age of persons 39
Median housing loan repayment ($/monthly) 1733
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 569 16.1
    25-34 years 294 8.3
    35-44 years 622 17.6
    45-54 years 525 14.8
    55-64 years 437 12.4
    Others 1089 30.8
    Age Group
    Census Count Percent(%)
    Registered Married 1286 55.4
    Not Married 796 34.3
    Defacto Relationship 241 10.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 2959 89.7
    Papua New Guinea 29 0.9
    United Kingdom 186 5.6
    United States of America 17 0.5
    Other 20 0.6
    Others 87 2.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 42 1.4
    Christianity 1801 58.7
    Hinduism 7 0.2
    Other Religious Groups 7 0.2
    No Religion 1204 39.2
    Others 9 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 99 9.1
    $1,000-$1,249 105 9.7
    $1,500-$1,999 162 15.0
    $2,000-$2,499 123 11.4
    $2,500-$2,999 127 11.7
    Others 467 43.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 956 37.9
    Not in the labour force 837 33.2
    Employed, worked part-time 588 23.3
    Employed, away from work 76 3.0
    Unemployed, looking for work 65 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 232 14.3
    Professionals 515 31.7
    Technicians & trades workers 265 16.3
    Community & personal service workers 163 10.0
    Clerical & administrative workers 152 9.4
    Others 297 18.3
    Occupation
    Census Count Percent(%)
    Pre-school 86 9.8
    Infants/Primary 349 39.7
    Secondary 255 29.0
    Technical or Further Educational Institution 81 9.2
    University or other Tertiary Institutions 94 10.7
    Others 15 1.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2904 93.0
    Semi-detached, row or terrace house, townhouse 134 4.3
    Flat, unit or apartment 72 2.3
    Caravan, cabin, houseboat 9 0.3
    House or flat attached to a shop, office 5 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 474 39.0
    Fully owned 448 36.8
    Rented 289 23.8
    Other tenure type 5 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals