Suburb Profile Report for Invermay Park VIC (3350)

Invermay Park House: Median price $370,000, Annual capital growth 2.16%, Number of sales 16, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report

Property investors who have had real estate in Invermay Park, 3350 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.00%

Invermay Park,3350 has offered an average of -1.00% return per annum in house price rises to property investors over the last three years.

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 Invermay Park, 3350. Typically our figures indicate that -3.64% is being offered, which puts this VIC suburb at 3367th most discounted overall in Australia.

At number 219 in a list of fastest selling suburbs, Invermay Park is in the TOP 10% of suburbs in Australia with an average of days on market 39.06 for properties listed there.

Metrics i HOUSE UNIT
$370,000 N/A
1.37% N/A
-1.00% N/A
2.16% N/A
N/A N/A
16 N/A
N/A N/A
39.06 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
Find a mortgage broker in Invermay Park VIC
Demographics
Total population 1881
Median household income ($/weekly) 1432
Median age of persons 40
Median housing loan repayment ($/monthly) 1517
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 330 17.5
    35-44 years 285 15.2
    45-54 years 323 17.2
    55-64 years 237 12.6
    65-74 years 166 8.8
    Others 540 28.7
    Age Group
    Census Count Percent(%)
    Registered Married 846 63.2
    Not Married 414 30.9
    Defacto Relationship 79 5.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 1744 95.6
    Egypt 10 0.5
    Papua New Guinea 7 0.4
    United Kingdom 29 1.6
    Other 7 0.4
    Others 28 1.5
    Country of Birth
    Census Count Percent(%)
    Christianity 1411 80.5
    No Religion 336 19.2
    Islam 5 0.3
    Buddhism 0 0.0
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 60 10.2
    $1,000-$1,249 67 11.3
    $1,500-$1,999 94 15.9
    $2,000-$2,499 79 13.4
    $2,500-$2,999 62 10.5
    Others 229 38.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 612 43.2
    Not in the labour force 424 29.9
    Employed, worked part-time 310 21.9
    Employed, away from work 45 3.2
    Unemployed, looking for work 27 1.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 133 13.7
    Professionals 179 18.5
    Technicians & trades workers 130 13.4
    Clerical & administrative workers 157 16.2
    Sales 120 12.4
    Others 249 25.7
    Occupation
    Census Count Percent(%)
    Pre-school 44 8.5
    Infants/Primary 207 39.9
    Secondary 177 34.1
    Technical or Further Educational Institution 24 4.6
    University or other Tertiary Institutions 56 10.8
    Others 11 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1692 94.8
    Semi-detached, row or terrace house, townhouse 93 5.2
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 298 46.9
    Fully owned 267 42.0
    Rented 70 11.0
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals