Suburb Profile Report for Minyip VIC (3392)

Minyip House: Median price $85,000, Annual capital growth 2.40%, Number of sales 16, Weekly median advertised rent N/A

  • 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 Minyip, 3392 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -7.10%.

The five-year average increase in median property values for Minyip,3392 has given property investors a potential capital gain of 3.03% across each of those five years.

Our latest figures would indicate that property sellers in Minyip are currently offering property investors an average price cut of -12.05% below the asking price at the moment.

At number 2957 in a list of fastest selling suburbs, Minyip is in the bottom 30% of suburbs in Australia with an average of days on market 111.58 for properties listed there.

Situated 258.99km from the CBD, Minyip is one of Yarriambiack localities in the postcode 3392.

Metrics i HOUSE UNIT
$85,000 N/A
N/A N/A
-7.10% N/A
2.40% N/A
N/A N/A
16 N/A
N/A N/A
111.58 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 671
Median household income ($/weekly) 736
Median age of persons 49
Median housing loan repayment ($/monthly) 542
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 83 12.4
    35-44 years 67 10.0
    45-54 years 102 15.3
    55-64 years 92 13.8
    65-74 years 95 14.2
    Others 229 34.3
    Age Group
    Census Count Percent(%)
    Registered Married 251 54.8
    Not Married 169 36.9
    Defacto Relationship 38 8.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 575 92.0
    New Zealand 5 0.8
    Papua New Guinea 7 1.1
    Philippines 9 1.4
    United Kingdom 22 3.5
    Others 7 1.1
    Country of Birth
    Census Count Percent(%)
    Christianity 495 81.4
    No Religion 110 18.1
    Other Religious Groups 3 0.5
    Buddhism 0 0.0
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 35 15.2
    $400-$599 43 18.6
    $600-$799 34 14.7
    $800-$999 32 13.9
    $1,000-$1,249 24 10.4
    Others 63 27.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 275 53.4
    Employed, worked full-time 141 27.4
    Employed, worked part-time 73 14.2
    Employed, away from work 15 2.9
    Unemployed, looking for work 11 2.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 80 34.6
    Professionals 21 9.1
    Community & personal service workers 25 10.8
    Clerical & administrative workers 23 10.0
    Labourers 25 10.8
    Others 57 24.7
    Occupation
    Census Count Percent(%)
    Infants/Primary 61 46.6
    Secondary 37 28.2
    University or other Tertiary Institutions 15 11.5
    Pre-school 12 9.2
    Technical or Further Educational Institution 6 4.6
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 567 97.8
    Semi-detached, row or terrace house, townhouse 13 2.2
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 145 57.5
    Being purchased 68 27.0
    Rented 28 11.1
    Other tenure type 11 4.4
    Tenure Type
Census 2011, ABS
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