Suburb Profile Report for Bacchus Marsh VIC (3340)

Bacchus Marsh House: Median price $397,500, Annual capital growth 4.89%, Number of sales 162, Weekly median advertised rent $330

Bacchus Marsh Unit: Median price $297,000, Annual capital growth 4.85%, Number of sales 36, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Bacchus Marsh have tracked close to the VIC average of 11.00% over the last 12 months.

A 20.45% growth in median value for property investors in Bacchus Marsh,3340 puts this suburb at number 568th in terms of best performing suburbs in VIC

Property investors looking for a bargain in Bacchus Marsh should be aiming for at least -4.03% 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 69.53 days to sell a property.

Using the current median advertised rental of $330 and the average annual increase in value of a median property of 4.89%, investors should hope to achieve an overall return of 4.32%

Giving property investors a an average capital gain of 4.95% for the last year, Bacchus Marsh, 3340 is the 805th highest performer in Australia in this respect.

Comparing Bacchus Marsh,3340 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Sellers are offering property buyers an average discount of -4.40% 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 3.00 sales per month, which equates to 36 per year.

The VIC suburb of Bacchus Marsh, 3340 is in the Moorabool local government area.

Metrics i HOUSE UNIT
$397,500 $297,000
-0.25% -1.16%
10.42% 4.95%
4.89% 4.85%
$330 $260
162 36
4.32% 4.55%
69.53 132.36

Source: CoreLogic

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