Suburb Profile Report for Miners Rest VIC (3352)

Miners Rest House: Median price $332,500, Annual capital growth 2.44%, Number of sales 75, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report

If you compare the increase in value of investment property in Miners Rest, 3352 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -0.75%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Miners Rest has fallen somewhat when compared to the 5 year average annual rate.

At number 254th of VIC’s most discounted properties, Miners Rest is in the middle of the state/territory when listing in order of most discounted to least.

Situated 106.60km from the CBD, Miners Rest is one of Ballarat localities in the postcode 3352.

Metrics i HOUSE UNIT
$332,500 N/A
-2.21% N/A
-0.75% N/A
2.44% N/A
$330 N/A
75 N/A
5.16% N/A
90.87 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 2542
Median household income ($/weekly) 1483
Median age of persons 30
Median housing loan repayment ($/monthly) 1629
Average household size 2.8
  • Census Count Percent(%)
    0-4 years 271 10.7
    5-14 years 381 15.0
    25-34 years 535 21.0
    35-44 years 403 15.9
    45-54 years 295 11.6
    Others 657 25.8
    Age Group
    Census Count Percent(%)
    Registered Married 1005 56.9
    Not Married 521 29.5
    Defacto Relationship 239 13.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2314 94.0
    China 8 0.3
    Papua New Guinea 19 0.8
    United Kingdom 59 2.4
    Other 14 0.6
    Others 48 1.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 11 0.5
    Christianity 1697 72.1
    Islam 10 0.4
    Other Religious Groups 7 0.3
    No Religion 622 26.4
    Others 6 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 65 8.2
    $1,000-$1,249 87 11.0
    $1,250-$1,499 99 12.5
    $1,500-$1,999 156 19.8
    $2,000-$2,499 128 16.2
    Others 254 32.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 921 49.7
    Employed, worked part-time 433 23.4
    Not in the labour force 371 20.0
    Employed, away from work 83 4.5
    Unemployed, looking for work 45 2.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 266 18.5
    Technicians & trades workers 262 18.2
    Clerical & administrative workers 199 13.8
    Sales 156 10.9
    Labourers 167 11.6
    Others 387 26.9
    Occupation
    Census Count Percent(%)
    Pre-school 65 10.5
    Infants/Primary 258 41.7
    Secondary 166 26.8
    Technical or Further Educational Institution 45 7.3
    University or other Tertiary Institutions 74 12.0
    Others 11 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2423 99.4
    Semi-detached, row or terrace house, townhouse 9 0.4
    Flat, unit or apartment 3 0.1
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 557 64.5
    Fully owned 185 21.4
    Rented 119 13.8
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
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