Suburb Profile Report for Mount Clear VIC (3350)

Mount Clear House: Median price $322,000, Annual capital growth 3.58%, Number of sales 55, Weekly median advertised rent $320

Mount Clear Unit: Median price $227,500, Annual capital growth 0.81%, Number of sales 22, Weekly median advertised rent $250

  • 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 7.80% over the last 12 months.

While Mount Clear,3350 ranked number 653th in VIC for increase in median house value (annualised) increase, it is ranked 424th over the last 5 years.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.04% offered to property buyers. Sellers in Mount Clear itself are offering an average vendor discount of -5.64% to real estate investors.

At number 2005 in a list of fastest selling suburbs, Mount Clear is just in the bottom half of suburbs in Australia with an average of days on market 83.16 for properties listed there.

Situated 99.41km from the CBD, Mount Clear is one of Ballarat localities in the postcode 3350.

Mount Clear, 3350 ranked 185th in VIC when comparing growth in median property values or capital gain over the last 12 months. Mount Clear is one of 2098 in our list for VIC

Mount Clear,3350 was ranked 1490 in Australia by increase in median property value over the quarter.

Property buyers and investors in Mount Clear 3350 should be seeing an average reduction in asking price of around -8.58% . This means that Mount Clear is holding prices well when compared to other suburbs in VIC.

In the last year 22 properties changed hands in Mount Clear, which puts it as the 289th most active market in VIC when comparing the number of sales per suburb.

Mount Clear is 27th on a list of best yielding suburbs for rents in VIC with a 5.71% return

HOUSE UNIT
$322,000 $227,500
-6.25% -4.81%
0.63% 3.43%
3.58% 0.81%
$320 $250
55 22
5.17% 5.71%
83.16 145.35

Source: CoreLogic

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