Suburb Profile Report for Bacchus Marsh VIC (3340)

Bacchus Marsh House: Median price $399,000, Annual capital growth 5.16%, Number of sales 155, Weekly median advertised rent $330

Bacchus Marsh Unit: Median price $297,000, Annual capital growth 4.73%, Number of sales 27, Weekly median advertised rent $258

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

Source: CoreLogic

  • House Report
  • Unit Report

Bacchus Marsh has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 13.19% to date .

Over the longer term, Bacchus Marsh has seen property prices show investors a 14.66% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -3.88% to buyers in Bacchus Marsh at the moment, which is less than average for the rest of VIC.

On average over the past year, suburb has had 12.92 sales per month, which equates to 155 per year.

Using the current median advertised rental of $330 and the average annual increase in value of a median property of 5.16%, investors should hope to achieve an overall return of 4.30%

With a capital gain of 4.21% for the last 12 months, Bacchus Marsh, 3340 has performed for property investments than its average annual 4.73% property growth over the last 5 years.

When looking at the potential capital gains offered to property investors over the last 3 years, Bacchus Marsh comes in at number 252th in VIC.

Our latest figures would indicate that property sellers in Bacchus Marsh are currently offering property investors an average price cut of -4.24% below the asking price at the moment.

In the last year 27 properties changed hands in Bacchus Marsh, which puts it as the 268th most active market in VIC when comparing the number of sales per suburb.

Metrics i HOUSE UNIT
$399,000 $297,000
0.50% 2.41%
13.19% 4.21%
5.16% 4.73%
$330 $258
155 27
4.30% 4.51%
72.01 116.26

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 5759
Median household income ($/weekly) 972
Median age of persons 41
Median housing loan repayment ($/monthly) 1517
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 692 12.0
    25-34 years 612 10.6
    35-44 years 744 12.9
    45-54 years 790 13.7
    55-64 years 759 13.2
    Others 2163 37.6
    Age Group
    Census Count Percent(%)
    Registered Married 2031 46.8
    Not Married 1930 44.5
    Defacto Relationship 378 8.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 4704 86.1
    Indonesia 40 0.7
    Papua New Guinea 89 1.6
    United Kingdom 323 5.9
    Other 65 1.2
    Others 245 4.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 40 0.8
    Christianity 3693 69.9
    Hinduism 18 0.3
    Other Religious Groups 38 0.7
    No Religion 1473 27.9
    Others 20 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 213 10.1
    $400-$599 290 13.8
    $600-$799 222 10.5
    $800-$999 217 10.3
    $1,500-$1,999 233 11.1
    Others 932 44.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1765 39.5
    Employed, worked full-time 1614 36.1
    Employed, worked part-time 795 17.8
    Employed, away from work 166 3.7
    Unemployed, looking for work 126 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 269 10.4
    Professionals 467 18.1
    Technicians & trades workers 406 15.7
    Clerical & administrative workers 380 14.7
    Sales 258 10.0
    Others 798 31.0
    Occupation
    Census Count Percent(%)
    Pre-school 90 7.7
    Infants/Primary 406 34.6
    Secondary 380 32.4
    Technical or Further Educational Institution 71 6.1
    University or other Tertiary Institutions 179 15.3
    Others 47 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4918 90.1
    Flat, unit or apartment 399 7.3
    Semi-detached, row or terrace house, townhouse 93 1.7
    Caravan, cabin, houseboat 45 0.8
    House or flat attached to a shop, office 4 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 818 36.1
    Fully owned 809 35.7
    Rented 627 27.6
    Other tenure type 14 0.6
    Tenure Type
Census 2011, ABS
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