Suburb Profile Report for Lancefield VIC (3435)

Lancefield House: Median price $410,000, Annual capital growth 6.83%, Number of sales 45, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report

Property investors who have had real estate in Lancefield, 3435 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 14.77%

When looking at the potential capital gains offered to property investors over the last 3 years, Lancefield comes in at number 657th in VIC.

Lancefield, 3435 is offering VIC ‘s 352th 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.

Using the current median advertised rental of $330 and the average annual increase in value of a median property of 6.83%, investors should hope to achieve an overall return of 4.19%

Metrics i HOUSE UNIT
$410,000 N/A
1.23% N/A
14.77% N/A
6.83% N/A
$330 N/A
45 N/A
4.19% N/A
76.95 N/A

Source: CoreLogic

DSR Score for property investment : Good (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