Suburb Profile Report for Mount Clear VIC (3350)

Mount Clear House: Median price $345,500, Annual capital growth 4.35%, Number of sales 65, Weekly median advertised rent $320

Mount Clear Unit: Median price $216,000, Annual capital growth 1.13%, Number of sales 21, Weekly median advertised rent $258

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Mount Clear have tracked lower than the VIC average of 10.43% over the last 12 months.

Comparing Mount Clear,3350 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Mount Clear, 3350 is offering VIC ‘s 406th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.

With the median price for a house in Mount Clear being $345500 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 4.82%

Investment property in Mount Clear has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -9.24%

Taking the average capital gain, or increase in median house value, Mount Clear,3350 has racked up an average of -9.24% over the period. This ranks it number 1556th in the whole country for real estate investors looking at median house price increases.

At number 16th of VIC’s most discounted properties, Mount Clear is in the bottom 10% of the state/territory when listing in order of most discounted to least.

The VIC suburb of Mount Clear, 3350 is in the Ballarat local government area.

Metrics i HOUSE UNIT
$345,500 $216,000
3.91% 0.23%
0.59% -9.24%
4.35% 1.13%
$320 $258
65 21
4.82% 6.20%
81.95 143.4

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Mount Clear VIC
Demographics
Total population 2905
Median household income ($/weekly) 1106
Median age of persons 35
Median housing loan repayment ($/monthly) 1500
Average household size 2.5
  • Census Count Percent(%)
    20-24 years 344 11.8
    25-34 years 390 13.4
    35-44 years 334 11.5
    45-54 years 364 12.5
    55-64 years 361 12.4
    Others 1111 38.3
    Age Group
    Census Count Percent(%)
    Registered Married 1005 46.5
    Not Married 949 43.9
    Defacto Relationship 207 9.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 2482 89.3
    Croatia 28 1.0
    Indonesia 29 1.0
    United Kingdom 79 2.8
    Other 61 2.2
    Others 101 3.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 19 0.7
    Christianity 1741 65.9
    Hinduism 19 0.7
    Islam 20 0.8
    No Religion 822 31.1
    Others 19 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 115 11.5
    $600-$799 109 10.9
    $800-$999 101 10.1
    $1,500-$1,999 137 13.7
    $2,000-$2,499 98 9.8
    Others 438 43.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 814 35.2
    Not in the labour force 794 34.4
    Employed, worked part-time 504 21.8
    Unemployed, looking for work 105 4.5
    Employed, away from work 94 4.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 339 24.0
    Technicians & trades workers 206 14.6
    Community & personal service workers 172 12.2
    Clerical & administrative workers 199 14.1
    Sales 149 10.6
    Others 345 24.5
    Occupation
    Census Count Percent(%)
    Pre-school 38 4.7
    Infants/Primary 197 24.5
    Secondary 189 23.5
    Technical or Further Educational Institution 48 6.0
    University or other Tertiary Institutions 306 38.0
    Others 27 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2421 90.4
    Semi-detached, row or terrace house, townhouse 243 9.1
    Flat, unit or apartment 13 0.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 359 33.3
    Being purchased 358 33.2
    Fully owned 357 33.1
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals