Suburb Profile Report for Bacchus Marsh VIC (3340)

Bacchus Marsh House: Median price $360,000, Annual capital growth 4.46%, Number of sales 121, Weekly median advertised rent $310

Bacchus Marsh Unit: Median price $278,750, Annual capital growth 4.01%, Number of sales 16, Weekly median advertised rent $265

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Bacchus Marsh has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.05%

If we look at median property appreciation over just the last three months, Bacchus Marsh has given property investors a paper return of 1.41%. This puts Suburb as 330 on a list of fastest fasting appreciating suburbs in VIC

LACK OF BUYER INTEREST may well be the reason that Bacchus Marsh is offering property investors an average of -6.04. This rate of discount on properties puts Suburb at number 424th in terms of most discounted suburbs in VIC

A $310 per week rent on the median house gives suburb investors a gross yield of circa 4.48%, without taking into account capital value appreciation, which has been averaging out at 4.46%.

At number 1333th in the list of Australian suburbs ordered by increase in median house value over the last year, Bacchus Marsh, 3340 is in the BOTTOM 30% with a property value increase of -3.55% recorded in median house prices.

Bacchus Marsh,3340 was ranked 1308 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Bacchus Marsh should be aiming for at least -3.95% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 16 properties changed hands in Bacchus Marsh, which puts it as the 323th most active market in VIC when comparing the number of sales per suburb.

With the median price for a house in Bacchus Marsh being $278750 and the advertised rent reaching $265 the gross rental yield for property investors calculates out to be 4.94%

HOUSE UNIT
$360,000 $278,750
1.41% -2.19%
4.05% -3.55%
4.46% 4.01%
$310 $265
121 16
4.48% 4.94%
85.15 70.78

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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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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