Suburb Profile Report for Riddells Creek VIC (3431)

Riddells Creek House: Median price $470,000, Annual capital growth 4.09%, Number of sales 40, Weekly median advertised rent $395

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

Source: CoreLogic

  • House Report

With a capital gain of 6.82% for the last 12 months, Riddells Creek, 3431 has performed for property investments than its average annual 4.09% property growth over the last 5 years.

When looking at the potential capital gains offered to property investors over the last 3 years, Riddells Creek comes in at number 597th in VIC.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Riddells Creek, 3431. Typically our figures indicate that -4.96% is being offered, which puts this VIC suburb at 2239th most discounted overall in Australia.

A $395 per week rent on the median house gives suburb investors a gross yield of circa 4.37%, without taking into account capital value appreciation, which has been averaging out at 4.09%.

Metrics i HOUSE UNIT
$470,000 N/A
4.68% N/A
6.82% N/A
4.09% N/A
$395 N/A
40 N/A
4.37% N/A
72.15 N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 3752
Median household income ($/weekly) 1637
Median age of persons 39
Median housing loan repayment ($/monthly) 1733
Average household size 3
  • Census Count Percent(%)
    5-14 years 580 15.5
    25-34 years 313 8.3
    35-44 years 556 14.8
    45-54 years 663 17.7
    55-64 years 540 14.4
    Others 1102 29.4
    Age Group
    Census Count Percent(%)
    Registered Married 1589 57.9
    Not Married 893 32.5
    Defacto Relationship 264 9.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 3230 88.0
    Greece 28 0.8
    Papua New Guinea 41 1.1
    United Kingdom 229 6.2
    Other 39 1.1
    Others 105 2.9
    Country of Birth
    Census Count Percent(%)
    Christianity 2341 67.1
    No Religion 1118 32.0
    Buddhism 16 0.5
    Islam 7 0.2
    Other Religious Groups 7 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 99 8.9
    $1,250-$1,499 99 8.9
    $1,500-$1,999 182 16.4
    $2,000-$2,499 146 13.1
    $2,500-$2,999 130 11.7
    Others 457 41.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1241 43.1
    Not in the labour force 764 26.5
    Employed, worked part-time 685 23.8
    Employed, away from work 133 4.6
    Unemployed, looking for work 57 2.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 249 12.1
    Professionals 399 19.4
    Technicians & trades workers 404 19.7
    Community & personal service workers 223 10.9
    Clerical & administrative workers 300 14.6
    Others 478 23.3
    Occupation
    Census Count Percent(%)
    Pre-school 75 7.3
    Infants/Primary 386 37.7
    Secondary 300 29.3
    Technical or Further Educational Institution 101 9.9
    University or other Tertiary Institutions 130 12.7
    Others 32 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3523 98.2
    Flat, unit or apartment 60 1.7
    Improvised home, tent, sleepers out 5 0.1
    Semi-detached, row or terrace house, townhouse 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 659 53.8
    Fully owned 456 37.3
    Rented 102 8.3
    Other tenure type 7 0.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals