Suburb Profile Report for Riddells Creek VIC (3431)

Riddells Creek House: Median price $500,000, Annual capital growth 6.15%, Number of sales 36, Weekly median advertised rent $360

  • 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 Riddells Creek, 3431 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 10.62%.

A 12.49% growth in median value for property investors in Riddells Creek,3431 puts this suburb at number 114th in terms of best performing suburbs in VIC

Riddells Creek, 3431 is offering VIC ‘s 358th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.

Residents and property investors in Riddells Creek have been waiting around 83.54 days to sell a property.

HOUSE UNIT
$500,000 N/A
5.26% N/A
10.62% N/A
6.15% N/A
$360 N/A
36 N/A
3.74% N/A
83.54 N/A

Source: CoreLogic

DSR Score for property investment : 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
Chart Table
Recent sales & rentals