Suburb Profile Report for Bacchus Marsh VIC (3340)

Bacchus Marsh House: Median price $360,000, Annual capital growth 4.45%, Number of sales 121, Weekly median advertised rent $315

Bacchus Marsh Unit: Median price $285,000, Annual capital growth 4.28%, Number of sales 17, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report
  • Unit Report

Bacchus Marsh has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 2.86% to date .

Bacchus Marsh,3340 has offered an average of 2.86% return per annum in house price rises to property investors over the last three years.

Property buyers and investors in Bacchus Marsh 3340 should be seeing an average reduction in asking price of around -4.71% . This means that Bacchus Marsh is holding prices well when compared to other suburbs in VIC.

Renters in Suburb are facing rents around $3780 per annum or $315 every week.

VIC has seen average median house prices change by 3.19% which means that Bacchus Marsh, 3340 has done well for property investors by showing a capital gain of 2.15% over the last year

Bacchus Marsh,3340 was ranked 512 in Australia by increase in median property value over the quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Bacchus Marsh, 3340. Typically our figures indicate that -4.31% is being offered, which puts this VIC suburb at 981th most discounted overall in Australia.

Bacchus Marsh, 3340’s gross rental yield is 4.74%

HOUSE UNIT
$360,000 $285,000
0.00% 2.24%
2.86% 2.15%
4.45% 4.28%
$315 $260
121 17
4.55% 4.74%
86.02 91.17

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