Suburb Profile Report for Miners Rest VIC (3352)

Miners Rest House: Median price $330,000, Annual capital growth 2.95%, Number of sales 59, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report

Investment property in Miners Rest 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 -1.93%

Across a shorter period, Miners Rest, 3352 has seen a median price increase of -1.49% over the last quarter.

The most recent median price for Miners Rest is $330000, with sellers offering an average of -4.85% off the asking price.

Situated 108.17km from the CBD, Miners Rest is one of Ballarat localities in the postcode 3352.

HOUSE UNIT
$330,000 N/A
-1.49% N/A
-1.93% N/A
2.95% N/A
$340 N/A
59 N/A
5.36% N/A
77.51 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
Chart Table
Recent sales & rentals