Suburb Profile Report for Lancefield VIC (3435)

Lancefield House: Median price $360,000, Annual capital growth 4.78%, Number of sales 24, Weekly median advertised rent $323

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

Source: CoreLogic

  • House Report

Lancefield, 3435 ranked 575th in VIC when comparing growth in median property values or capital gain over the last 12 months. Lancefield is one of 2098 in our list for VIC

LACK OF BUYER INTEREST may well be the reason that Lancefield is offering property investors an average of -6.00. This rate of discount on properties puts Suburb at number 588th in terms of most discounted suburbs in VIC

In the last year 24 properties changed hands in Lancefield, which puts it as the 568th most active market in VIC when comparing the number of sales per suburb.

Advertised rents are around the $322.5 mark per week – giving a return of 4.66% based on the median price in Suburb

HOUSE UNIT
$360,000 N/A
N/A N/A
0.00% N/A
4.78% N/A
$323 N/A
24 N/A
4.66% N/A
89.61 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 2356
Median household income ($/weekly) 1231
Median age of persons 43
Median housing loan repayment ($/monthly) 1600
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 342 14.5
    35-44 years 342 14.5
    45-54 years 404 17.1
    55-64 years 369 15.7
    65-74 years 222 9.4
    Others 678 28.8
    Age Group
    Census Count Percent(%)
    Registered Married 926 55.1
    Not Married 591 35.2
    Defacto Relationship 163 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1977 88.9
    Japan 18 0.8
    Papua New Guinea 22 1.0
    United Kingdom 102 4.6
    Other 18 0.8
    Others 87 3.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 6 0.3
    Christianity 1553 73.8
    Islam 6 0.3
    Other Religious Groups 7 0.3
    No Religion 527 25.0
    Others 6 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 79 10.4
    $600-$799 71 9.4
    $800-$999 72 9.5
    $1,250-$1,499 76 10.0
    $1,500-$1,999 115 15.2
    Others 345 45.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 682 38.3
    Not in the labour force 615 34.5
    Employed, worked part-time 359 20.1
    Employed, away from work 74 4.2
    Unemployed, looking for work 52 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 145 13.0
    Professionals 190 17.0
    Technicians & trades workers 194 17.4
    Community & personal service workers 133 11.9
    Clerical & administrative workers 163 14.6
    Others 291 26.1
    Occupation
    Census Count Percent(%)
    Pre-school 44 8.3
    Infants/Primary 215 40.6
    Secondary 165 31.2
    Technical or Further Educational Institution 47 8.9
    University or other Tertiary Institutions 41 7.8
    Others 17 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2097 97.7
    Semi-detached, row or terrace house, townhouse 8 0.4
    Flat, unit or apartment 12 0.6
    Caravan, cabin, houseboat 8 0.4
    House or flat attached to a shop, office 18 0.8
    Others 3 0.1
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 415 49.4
    Fully owned 311 37.0
    Rented 111 13.2
    Other tenure type 3 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals