Suburb Profile Report for Mount Clear VIC (3350)

Mount Clear House: Median price $330,000, Annual capital growth 3.62%, Number of sales 64, Weekly median advertised rent $320

Mount Clear Unit: Median price $215,000, Annual capital growth -0.07%, Number of sales 25, Weekly median advertised rent $258

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Mount Clear, 3350 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 2.40%

Mount Clear,3350 has offered an average of 2.40% return per annum in house price rises to property investors over the last three years.

Vendor discounting in Mount Clear is giving property investors an average Vendor Discount of around -4.51%. This puts suburb at number 443th in VIC when ranking the most discounted suburbs.

Using the current median advertised rental of $320 and the average annual increase in value of a median property of 3.62%, investors should hope to achieve an overall return of 5.04%

If you compare the increase in value of investment property in Mount Clear, 3350 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 1.65%.

Mount Clear,3350 has offered an average of 1.65% return per annum in house price rises to property investors over the last three years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Mount Clear, 3350. Typically our figures indicate that -7.86% is being offered, which puts this VIC suburb at 176th most discounted overall in Australia.

Residents and property investors in Mount Clear have been waiting around 131.09 days to sell a property.

Using the current median advertised rental of $257.5 and the average annual increase in value of a median property of -0.07%, investors should hope to achieve an overall return of 6.23%

HOUSE UNIT
$330,000 $215,000
-0.75% -8.51%
2.40% 1.65%
3.62% -0.07%
$320 $258
64 25
5.04% 6.23%
75.14 131.09

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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Recent sales & rentals