Suburb Profile Report for Bacchus Marsh VIC (3340)

Bacchus Marsh House: Median price $397,500, Annual capital growth 5.16%, Number of sales 134, Weekly median advertised rent $330

Bacchus Marsh Unit: Median price $300,500, Annual capital growth 5.71%, Number of sales 22, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Bacchus Marsh, 3340 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 14.88%.

If we look at median property appreciation over just the last three months, Bacchus Marsh has given property investors a paper return of 3.38%. This puts Suburb as 268 on a list of fastest fasting appreciating suburbs in VIC

Bacchus Marsh3340 is located in VIC which offers an average discount of -5.80% to property investors. Bacchus Marsh itself is showing figures that indicate -3.83% is the average achievable by property buyers investing in the suburb.

Residents and property investors in Bacchus Marsh have been waiting around 74.46 days to sell a property.

Renters in Suburb are facing rents around $3960 per annum or $330 every week.

At number 618th in the list of Australian suburbs ordered by increase in median house value over the last year, Bacchus Marsh, 3340 is in the top 40% with a property value increase of 5.81% recorded in median house prices.

Across a shorter period, Bacchus Marsh, 3340 has seen a median price increase of 5.44% over the last quarter.

Property investors looking for a bargain in Bacchus Marsh should be aiming for at least -4.04% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Bacchus Marsh have been waiting around 105.13 days to sell a property.

Using the current median advertised rental of $260 and the average annual increase in value of a median property of 5.71%, investors should hope to achieve an overall return of 4.50%

Metrics i HOUSE UNIT
$397,500 $300,500
3.38% 5.44%
14.88% 5.81%
5.16% 5.71%
$330 $260
134 22
4.32% 4.50%
74.46 105.13

Source: CoreLogic

DSR Score for property investment : Above average (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
Chart Table
Recent sales & rentals