Suburb Profile Report for Mount Clear VIC (3350)

Mount Clear House: Median price $337,500, Annual capital growth 4.06%, Number of sales 73, Weekly median advertised rent $318

Mount Clear Unit: Median price $217,500, Annual capital growth 0.70%, Number of sales 16, Weekly median advertised rent $253

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 2.90% for the last 12 months, Mount Clear, 3350 has performed for property investments than its average annual 4.06% property growth over the last 5 years.

Mount Clear,3350 has offered an average of 2.90% return per annum in house price rises to property investors over the last three years.

At number 453th of VIC’s most discounted properties, Mount Clear is in the TOP 30% of the state/territory when listing in order of most discounted to least.

Residents and property investors in Mount Clear have been waiting around 70.81 days to sell a property.

Advertised rents are around the $317.5 mark per week – giving a return of 4.89% based on the median price in Suburb

Investment property in Mount Clear has done pretty 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 -1.14%

Taking the average capital gain, or increase in median house value, Mount Clear,3350 has racked up an average of -1.14% over the period. This ranks it number 1488th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in Mount Clear 3350 should be seeing an average reduction in asking price of around -5.17% . This means that Mount Clear is holding prices well when compared to other suburbs in VIC.

In the last year 16 properties changed hands in Mount Clear, which puts it as the 324th most active market in VIC when comparing the number of sales per suburb.

Mount Clear is 15th on a list of best yielding suburbs for rents in VIC with a 6.04% return

Metrics i HOUSE UNIT
$337,500 $217,500
1.89% -0.23%
2.90% -1.14%
4.06% 0.70%
$318 $253
73 16
4.89% 6.04%
70.81 100.28

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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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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