Suburb Profile Report for Dennington VIC (3280)

Dennington House: Median price $340,000, Annual capital growth 3.21%, Number of sales 33, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report

With a capital gain of -2.16% for the last 12 months, Dennington, 3280 has performed for property investments than its average annual 3.21% property growth over the last 5 years.

The five-year average increase in median property values for Dennington,3280 has given property investors a potential capital gain of -2.51% across each of those five years.

Property buyers and investors in Dennington 3280 should be seeing an average reduction in asking price of around -6.51% . This means that Dennington is holding prices well when compared to other suburbs in VIC.

A $360 per week rent on the median house gives suburb investors a gross yield of circa 5.51%, without taking into account capital value appreciation, which has been averaging out at 3.21%.

HOUSE UNIT
$340,000 N/A
-1.09% N/A
-2.16% N/A
3.21% N/A
$360 N/A
33 N/A
5.51% N/A
132.6 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 1557
Median household income ($/weekly) 1306
Median age of persons 31
Median housing loan repayment ($/monthly) 1562
Average household size 2.9
  • Census Count Percent(%)
    0-4 years 153 9.8
    5-14 years 272 17.5
    25-34 years 233 15.0
    35-44 years 243 15.6
    45-54 years 174 11.2
    Others 481 30.9
    Age Group
    Census Count Percent(%)
    Registered Married 525 50.5
    Not Married 409 39.3
    Defacto Relationship 106 10.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1375 94.4
    Greece 10 0.7
    Papua New Guinea 13 0.9
    United Kingdom 29 2.0
    United States of America 6 0.4
    Others 23 1.6
    Country of Birth
    Census Count Percent(%)
    Christianity 1001 70.9
    No Religion 398 28.2
    Buddhism 6 0.4
    Islam 3 0.2
    Other Religious Groups 3 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 50 10.6
    $1,000-$1,249 56 11.8
    $1,250-$1,499 62 13.1
    $1,500-$1,999 101 21.4
    $2,000-$2,499 58 12.3
    Others 146 30.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 476 44.0
    Not in the labour force 292 27.0
    Employed, worked part-time 233 21.5
    Employed, away from work 56 5.2
    Unemployed, looking for work 26 2.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 88 11.6
    Technicians & trades workers 172 22.6
    Clerical & administrative workers 91 12.0
    Sales 92 12.1
    Labourers 92 12.1
    Others 226 29.7
    Occupation
    Census Count Percent(%)
    Pre-school 29 7.3
    Infants/Primary 173 43.7
    Secondary 123 31.1
    Technical or Further Educational Institution 39 9.8
    University or other Tertiary Institutions 25 6.3
    Others 7 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1451 99.0
    House or flat attached to a shop, office 10 0.7
    Semi-detached, row or terrace house, townhouse 5 0.3
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 261 53.3
    Fully owned 132 26.9
    Rented 93 19.0
    Other tenure type 4 0.8
    Tenure Type
Census 2011, ABS
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Recent sales & rentals