Suburb Profile Report for Mount Clear VIC (3350)

Mount Clear House: Median price $328,000, Annual capital growth 3.61%, Number of sales 71, Weekly median advertised rent $320

Mount Clear Unit: Median price $215,000, Annual capital growth 0.37%, Number of sales 19, Weekly median advertised rent $255

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Mount Clear, 3350 have given investors a capital gain of 1.71%. This compares badly with the 8.27% for VIC as a whole.

A 14.69% growth in median value for property investors in Mount Clear,3350 puts this suburb at number 633th in terms of best performing suburbs in VIC

Our latest figures would indicate that property sellers in Mount Clear are currently offering property investors an average price cut of -4.50% below the asking price at the moment.

Mount Clear, 3350’s gross rental yield is 5.07%

At number 1572th in the list of Australian suburbs ordered by increase in median house value over the last year, Mount Clear, 3350 is in the BOTTOM 20% with a property value increase of -10.04% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Mount Clear,3350 has racked up an average of -10.04% over the period. This ranks it number 1631th in the whole country for real estate investors looking at median house price increases.

Mount Clear, 3350 is offering VIC ‘s 8th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this VIC.

In the last year 19 properties changed hands in Mount Clear, which puts it as the 300th most active market in VIC when comparing the number of sales per suburb.

A $255 per week rent on the median house gives suburb investors a gross yield of circa 6.17%, without taking into account capital value appreciation, which has been averaging out at 0.37%.

Metrics i HOUSE UNIT
$328,000 $215,000
-4.08% -2.27%
1.71% -10.04%
3.61% 0.37%
$320 $255
71 19
5.07% 6.17%
80.6 151.61

Source: CoreLogic

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