Suburb Profile Report for Horsham VIC (3400)

Horsham House: Median price $246,750, Annual capital growth 3.75%, Number of sales 259, Weekly median advertised rent $270

Horsham Unit: Median price $230,000, Annual capital growth 2.79%, Number of sales 36, Weekly median advertised rent $240

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 2504th in the list of Australian suburbs ordered by increase in median house value over the last year, Horsham, 3400 is in the BOTTOM 50% with a property value increase of 2.81% recorded in median house prices.

While Horsham,3400 ranked number 491th in VIC for increase in median house value (annualised) increase, it is ranked 487th over the last 5 years.

Property buyers and investors in Horsham 3400 should be seeing an average reduction in asking price of around -5.71% . This means that Horsham is holding prices well when compared to other suburbs in VIC.

Advertised rents are around the $270 mark per week – giving a return of 5.69% based on the median price in Suburb

Horsham is in the bottom 40% in VIC when comparing median price capital growth over the last year. Horsham gave property investors a disappointing capital gain figure when compared to the rest of the state, with 0.22%.

Horsham,3400 has offered an average of 0.22% return per annum in house price rises to property investors over the last three years.

Vendor discounting in Horsham is giving property investors an average Vendor Discount of around -5.38%. This puts suburb at number 131th in VIC when ranking the most discounted suburbs.

In the last year 36 properties changed hands in Horsham, which puts it as the 235th most active market in VIC when comparing the number of sales per suburb.

A $240 per week rent on the median house gives suburb investors a gross yield of circa 5.43%, without taking into account capital value appreciation, which has been averaging out at 2.79%.

Metrics i HOUSE UNIT
$246,750 $230,000
0.71% -4.17%
2.81% 0.22%
3.75% 2.79%
$270 $240
259 36
5.69% 5.43%
95.56 67.19

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 14284
Median household income ($/weekly) 903
Median age of persons 39
Median housing loan repayment ($/monthly) 1170
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 1745 12.2
    25-34 years 1726 12.1
    35-44 years 1693 11.9
    45-54 years 1812 12.7
    55-64 years 1688 11.8
    Others 5621 39.3
    Age Group
    Census Count Percent(%)
    Registered Married 4990 47.9
    Not Married 4421 42.4
    Defacto Relationship 1006 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 12662 93.4
    Indonesia 81 0.6
    Papua New Guinea 79 0.6
    United Kingdom 205 1.5
    Other 152 1.1
    Others 383 2.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 64 0.5
    Christianity 9940 75.8
    Hinduism 55 0.4
    Islam 73 0.6
    No Religion 2933 22.4
    Others 42 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 553 10.4
    $400-$599 751 14.1
    $600-$799 700 13.2
    $800-$999 558 10.5
    $1,500-$1,999 655 12.3
    Others 2099 39.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4156 37.8
    Employed, worked full-time 3986 36.3
    Employed, worked part-time 2125 19.3
    Employed, away from work 433 3.9
    Unemployed, looking for work 288 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 835 12.8
    Professionals 1161 17.7
    Technicians & trades workers 1013 15.5
    Clerical & administrative workers 840 12.8
    Sales 771 11.8
    Others 1926 29.4
    Occupation
    Census Count Percent(%)
    Pre-school 220 8.0
    Infants/Primary 1094 39.6
    Secondary 878 31.8
    Technical or Further Educational Institution 231 8.4
    University or other Tertiary Institutions 274 9.9
    Others 66 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 11942 90.0
    Semi-detached, row or terrace house, townhouse 571 4.3
    Flat, unit or apartment 731 5.5
    Caravan, cabin, houseboat 11 0.1
    House or flat attached to a shop, office 18 0.1
    Others 3 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2076 36.4
    Being purchased 1851 32.4
    Rented 1741 30.5
    Other tenure type 41 0.7
    Tenure Type
Census 2011, ABS
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