Suburb Profile Report for Invermay Park VIC (3350)

Invermay Park House: Median price $387,000, Annual capital growth 2.40%, Number of sales 25, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report

Over the last year, property investments in Invermay Park, 3350 have given investors a capital gain of 4.59%. This compares badly with the 10.83% for VIC as a whole.

The five-year average increase in median property values for Invermay Park,3350 has given property investors a potential capital gain of 6.32% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that Invermay Park is offering property investors an average of -5.41. This rate of discount on properties puts Suburb at number 221th in terms of most discounted suburbs in VIC

Residents and property investors in Invermay Park have been waiting around 53 days to sell a property.

Metrics i HOUSE UNIT
$387,000 N/A
0.26% N/A
4.59% N/A
2.40% N/A
N/A N/A
25 N/A
N/A N/A
53 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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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