Suburb Profile Report for Lancefield VIC (3435)

Lancefield House: Median price $375,000, Annual capital growth 5.13%, Number of sales 29, Weekly median advertised rent $318

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

Source: CoreLogic

  • House Report

VIC has seen average median house prices change by 8.96% which means that Lancefield, 3435 has done well for property investors by showing a capital gain of 4.17% over the last year

If we look at median property appreciation over just the last three months, Lancefield has given property investors a paper return of 4.17%. This puts Suburb as 164 on a list of fastest fasting appreciating suburbs in VIC

Vendor discounting in Lancefield is giving property investors an average Vendor Discount of around -3.23%. This puts suburb at number 561th in VIC when ranking the most discounted suburbs.

Residents and property investors in Lancefield have been waiting around 68.69 days to sell a property.

Advertised rents are around the $317.5 mark per week – giving a return of 4.40% based on the median price in Suburb

Metrics i HOUSE UNIT
$375,000 N/A
4.17% N/A
4.17% N/A
5.13% N/A
$318 N/A
29 N/A
4.40% N/A
68.69 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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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