Suburb Profile Report for Bacchus Marsh VIC (3340)

Bacchus Marsh House: Median price $360,000, Annual capital growth 4.49%, Number of sales 118, Weekly median advertised rent $300

Bacchus Marsh Unit: Median price $283,000, Annual capital growth 3.79%, Number of sales 15, Weekly median advertised rent $270

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 4.35% for the last 12 months, Bacchus Marsh, 3340 has performed for property investments than its average annual 4.49% property growth over the last 5 years.

While Bacchus Marsh,3340 ranked number 174th in VIC for increase in median house value (annualised) increase, it is ranked 471th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Bacchus Marsh is offering property investors an average of -5.99. This rate of discount on properties puts Suburb at number 417th in terms of most discounted suburbs in VIC

With the median price for a house in Bacchus Marsh being $360000 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 4.33%

At number 1270th 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 -2.08% recorded in median house prices.

Bacchus Marsh,3340 has offered an average of -2.08% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that Bacchus Marsh is offering property investors an average of -5.33. This rate of discount on properties puts Suburb at number 243th in terms of most discounted suburbs in VIC

HOUSE UNIT
$360,000 $283,000
2.86% -0.70%
4.35% -2.08%
4.49% 3.79%
$300 $270
118 15
4.33% 4.96%
87.53 72.23

Source: CoreLogic

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