Suburb Profile Report for Miners Rest VIC (3352)

Miners Rest House: Median price $337,500, Annual capital growth 2.56%, Number of sales 78, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report

Miners Rest is in the bottom 20% in VIC when comparing median price capital growth over the last year. Miners Rest gave property investors a dismal capital gain figure when compared to the rest of the state, with 0.75%.

Taking the average capital gain, or increase in median house value, Miners Rest,3352 has racked up an average of 0.75% over the period. This ranks it number 3334th in the whole country for real estate investors looking at median house price increases.

The most recent median price for Miners Rest is $337500, with sellers offering an average of -5.85% off the asking price.

At number 2390 in a list of fastest selling suburbs, Miners Rest is in the bottom 40% of suburbs in Australia with an average of days on market 90.05 for properties listed there.

The VIC suburb of Miners Rest, 3352 is in the Ballarat local government area.

Metrics i HOUSE UNIT
$337,500 N/A
-0.74% N/A
0.75% N/A
2.56% N/A
$340 N/A
78 N/A
5.24% N/A
90.05 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (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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Recent sales & rentals