Suburb Profile Report for Alfredton VIC (3350)

Alfredton House: Median price $395,500, Annual capital growth 3.07%, Number of sales 204, Weekly median advertised rent $320

Alfredton Unit: Median price $273,500, Annual capital growth 7.44%, Number of sales 19, Weekly median advertised rent $255

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

Source: CoreLogic

  • House Report
  • Unit Report

Alfredton has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 11.25% to date .

Comparing Alfredton,3350 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

The most recent median price for Alfredton is $395500, with sellers offering an average of -4.47% off the asking price.

Using the current median advertised rental of $320 and the average annual increase in value of a median property of 3.07%, investors should hope to achieve an overall return of 4.21%

Alfredton, 3350 ranked 321th in VIC when comparing growth in median property values or capital gain over the last 12 months. Alfredton is one of 2098 in our list for VIC

The five-year average increase in median property values for Alfredton,3350 has given property investors a potential capital gain of -4.04% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that Alfredton is offering property investors an average of -5.03. This rate of discount on properties puts Suburb at number 34th in terms of most discounted suburbs in VIC

Residents and property investors in Alfredton have been waiting around 86.85 days to sell a property.

Alfredton, 3350’s gross rental yield is 4.85%

Metrics i HOUSE UNIT
$395,500 $273,500
6.17% -3.01%
11.25% -5.69%
3.07% 7.44%
$320 $255
204 19
4.21% 4.85%
86.98 86.85

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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Demographics
Total population 7194
Median household income ($/weekly) 1384
Median age of persons 35
Median housing loan repayment ($/monthly) 1517
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1143 15.9
    25-34 years 808 11.2
    35-44 years 1054 14.6
    45-54 years 1047 14.6
    55-64 years 756 10.5
    Others 2387 33.2
    Age Group
    Census Count Percent(%)
    Registered Married 2752 55.7
    Not Married 1805 36.6
    Defacto Relationship 381 7.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 6251 90.1
    Indonesia 65 0.9
    Papua New Guinea 64 0.9
    United Kingdom 179 2.6
    Other 98 1.4
    Others 283 4.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 48 0.7
    Christianity 4792 72.5
    Hinduism 49 0.7
    Other Religious Groups 29 0.4
    No Religion 1665 25.2
    Others 31 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 204 9.4
    $600-$799 203 9.4
    $1,250-$1,499 206 9.5
    $1,500-$1,999 355 16.4
    $2,000-$2,499 252 11.6
    Others 949 43.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2095 39.4
    Not in the labour force 1674 31.5
    Employed, worked part-time 1189 22.4
    Employed, away from work 198 3.7
    Unemployed, looking for work 157 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 437 12.5
    Professionals 804 23.1
    Technicians & trades workers 470 13.5
    Clerical & administrative workers 500 14.4
    Sales 413 11.9
    Others 860 24.7
    Occupation
    Census Count Percent(%)
    Pre-school 170 8.2
    Infants/Primary 741 35.7
    Secondary 671 32.3
    Technical or Further Educational Institution 113 5.4
    University or other Tertiary Institutions 316 15.2
    Others 65 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6222 93.4
    Flat, unit or apartment 319 4.8
    Semi-detached, row or terrace house, townhouse 97 1.5
    House or flat attached to a shop, office 22 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1046 44.2
    Fully owned 779 32.9
    Rented 533 22.5
    Other tenure type 7 0.3
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals