Suburb Profile Report for Eureka VIC (3350)

Eureka House: Median price $264,500, Annual capital growth -0.60%, Number of sales 16, Weekly median advertised rent $288

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

Source: CoreLogic

  • House Report

Over the last year, property investments in Eureka, 3350 have given investors a capital gain of 2.72%. This compares badly with the 9.78% for VIC as a whole.

If we look at median property appreciation over just the last three months, Eureka has given property investors a paper return of -1.12%. This puts Suburb as 613 on a list of fastest fasting appreciating suburbs in VIC

Property investors looking for a bargain in Eureka should be aiming for at least -6.97% off the asking price, which is the average vendor discount being achieved at the moment.

Using the current median advertised rental of $287.5 and the average annual increase in value of a median property of -0.60%, investors should hope to achieve an overall return of 5.65%

Metrics i HOUSE UNIT
$264,500 N/A
-1.12% N/A
2.72% N/A
-0.60% N/A
$288 N/A
16 N/A
5.65% N/A
100.2 N/A

Source: CoreLogic

DSR Score for property investment : Above average (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