Suburb Profile Report for Eureka VIC (3350)

Eureka House: Median price $267,500, Annual capital growth -1.28%, Number of sales 16, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report

Eureka is in the bottom 20% in VIC when comparing median price capital growth over the last year. Eureka gave property investors a dismal capital gain figure when compared to the rest of the state, with 0.94%.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.91% offered to property buyers. Sellers in Eureka itself are offering an average vendor discount of -7.03% to real estate investors.

At number 2699 in a list of fastest selling suburbs, Eureka is in the bottom 30% of suburbs in Australia with an average of days on market 102.38 for properties listed there.

With the median price for a house in Eureka being $267500 and the advertised rent reaching $280 the gross rental yield for property investors calculates out to be 5.44%

Metrics i HOUSE UNIT
$267,500 N/A
N/A N/A
0.94% N/A
-1.28% N/A
$280 N/A
16 N/A
5.44% N/A
102.38 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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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
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Recent sales & rentals