Suburb Profile Report for Alfredton VIC (3350)

Alfredton House: Median price $375,000, Annual capital growth 2.39%, Number of sales 212, Weekly median advertised rent $320

Alfredton Unit: Median price $285,000, Annual capital growth 7.43%, Number of sales 16, Weekly median advertised rent $255

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 10.29% for the last 12 months, Alfredton, 3350 has performed for property investments than its average annual 2.39% property growth over the last 5 years.

While Alfredton,3350 ranked number 263th in VIC for increase in median house value (annualised) increase, it is ranked 481th over the last 5 years.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.04% offered to property buyers. Sellers in Alfredton itself are offering an average vendor discount of -5.56% to real estate investors.

Using the current median advertised rental of $320 and the average annual increase in value of a median property of 2.39%, investors should hope to achieve an overall return of 4.44%

Over the last year, property investments in Alfredton, 3350 have given investors a capital gain of 22.84%. This compares very favourably with the 3.19% for VIC as a whole.

Taking the average capital gain, or increase in median house value, Alfredton,3350 has racked up an average of 22.84% over the period. This ranks it number 42th in the whole country for real estate investors looking at median house price increases.

The most recent median price for Alfredton is $285000, with sellers offering an average of -8.01% off the asking price.

Alfredton is 131th on a list of best yielding suburbs for rents in VIC with a 4.65% return

HOUSE UNIT
$375,000 $285,000
2.74% -12.31%
10.29% 22.84%
2.39% 7.43%
$320 $255
212 16
4.44% 4.65%
98.81 97.45

Source: CoreLogic

DSR Score for property investment : Above average (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
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