Suburb Profile Report for Eureka VIC (3350)

Eureka House: Median price $267,500, Annual capital growth -0.38%, Number of sales 16, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report

At number 2836th in the list of Australian suburbs ordered by increase in median house value over the last year, Eureka, 3350 is in the BOTTOM 40% with a property value increase of 0.94% recorded in median house prices.

Across a shorter period, Eureka, 3350 has seen a median price increase of -4.46% over the last 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 Eureka, 3350. Typically our figures indicate that -7.03% is being offered, which puts this VIC suburb at 1206th most discounted overall in Australia.

Using the current median advertised rental of $280 and the average annual increase in value of a median property of -0.38%, investors should hope to achieve an overall return of 5.44%

Metrics i HOUSE UNIT
$267,500 N/A
-4.46% N/A
0.94% N/A
-0.38% N/A
$280 N/A
16 N/A
5.44% N/A
102.38 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 628
Median household income ($/weekly) 845
Median age of persons 34
Median housing loan repayment ($/monthly) 1200
Average household size 2.2
  • Census Count Percent(%)
    20-24 years 66 10.5
    25-34 years 91 14.5
    35-44 years 83 13.2
    45-54 years 80 12.7
    55-64 years 71 11.3
    Others 238 37.8
    Age Group
    Census Count Percent(%)
    Not Married 252 53.2
    Registered Married 161 34.0
    Defacto Relationship 61 12.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 523 88.8
    Indonesia 10 1.7
    New Zealand 6 1.0
    United Kingdom 13 2.2
    Other 13 2.2
    Others 24 4.1
    Country of Birth
    Census Count Percent(%)
    Christianity 329 59.6
    No Religion 209 37.9
    Other Religious Groups 7 1.3
    Buddhism 4 0.7
    Hinduism 3 0.5
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 33 13.9
    $400-$599 34 14.3
    $600-$799 30 12.6
    $1,000-$1,249 26 10.9
    $1,500-$1,999 24 10.1
    Others 91 38.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 193 40.3
    Employed, worked full-time 153 31.9
    Employed, worked part-time 90 18.8
    Unemployed, looking for work 25 5.2
    Employed, away from work 18 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 55 21.0
    Technicians & trades workers 44 16.8
    Community & personal service workers 31 11.8
    Clerical & administrative workers 30 11.5
    Labourers 31 11.8
    Others 71 27.1
    Occupation
    Census Count Percent(%)
    Pre-school 11 7.9
    Infants/Primary 37 26.4
    Secondary 33 23.6
    University or other Tertiary Institutions 38 27.1
    Other type of educational institution 12 8.6
    Others 9 6.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 548 91.9
    Semi-detached, row or terrace house, townhouse 24 4.0
    Caravan, cabin, houseboat 24 4.0
    Flat, unit or apartment 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 101 38.3
    Fully owned 87 33.0
    Being purchased 76 28.8
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals