Suburb Profile Report for Alfredton VIC (3350)

Alfredton House: Median price $372,500, Annual capital growth 2.06%, Number of sales 201, Weekly median advertised rent $320

Alfredton Unit: Median price $265,000, Annual capital growth 6.66%, Number of sales 15, Weekly median advertised rent $245

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Alfredton, 3350 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.93%

When looking at the potential capital gains offered to property investors over the last 3 years, Alfredton comes in at number 601th in VIC.

Alfredton3350 is located in VIC which offers an average discount of -6.00% to property investors. Alfredton itself is showing figures that indicate -5.51% is the average achievable by property buyers investing in the suburb.

On average over the past year, suburb has had 16.75 sales per month, which equates to 201 per year.

Using the current median advertised rental of $320 and the average annual increase in value of a median property of 2.06%, investors should hope to achieve an overall return of 4.47%

Investment property in Alfredton has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -5.36%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Alfredton has fallen somewhat when compared to the 5 year average annual rate.

Property investors looking for a bargain in Alfredton should be aiming for at least -7.45% off the asking price, which is the average vendor discount being achieved at the moment.

Using the current median advertised rental of $245 and the average annual increase in value of a median property of 6.66%, investors should hope to achieve an overall return of 4.81%

HOUSE UNIT
$372,500 $265,000
0.68% -13.11%
4.93% -5.36%
2.06% 6.66%
$320 $245
201 15
4.47% 4.81%
89.78 84.75

Source: CoreLogic

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