Suburb Profile Report for Trentham VIC (3458)

Trentham House: Median price $450,000, Annual capital growth 7.06%, Number of sales 30, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report
  • Expert Report

Investment property in Trentham has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.65%

Trentham,3458 has offered an average of 4.65% return per annum in house price rises to property investors over the last three years.

Vendor discounting in Trentham is giving property investors an average Vendor Discount of around -4.51%. This puts suburb at number 445th in VIC when ranking the most discounted suburbs.

In the last year 30 properties changed hands in Trentham, which puts it as the 521th most active market in VIC when comparing the number of sales per suburb.

Advertised rents are around the $420 mark per week – giving a return of 4.85% based on the median price in Suburb

YIP MAG Information supplied by:

YIP MAG
April 2016

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While it sits around 100km north-west of Melbourne, the town of Trentham has seen market performance in recent years that would be more at home in the Victorian capital.Full summary While it sits around 100km north-west of Melbourne, the town of Trentham has seen market performance in recent years that would be more at home in the Victorian capital.

The median house price in the town, which had a population of 1,411, according to the 2011 census, currently sits at a relatively affordable $438,000, though it has increased by 44% over the past five years, according to the latest figures from CoreLogic RP Data.

Settled in the 1860s as a gold and timber town, Trentham’s economy is now fuelled by potato farming and tourism.

Trentham’s tourist attractions include Trentham Falls – the highest singledrop waterfall in Victoria, as well as a number of mineral springs in the area and the blossoming boutique shops and restaurants found along High Street.

The rental market is currently a tight one in Trentham, with the current vacancy rate sitting at just 0.35%, according to Real Estate Investar.Close
HOUSE UNIT
$450,000 N/A
2.86% N/A
4.65% N/A
7.06% N/A
$420 N/A
30 N/A
4.85% N/A
89.85 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 1410
Median household income ($/weekly) 893
Median age of persons 48
Median housing loan repayment ($/monthly) 1395
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 149 10.6
    35-44 years 190 13.5
    45-54 years 217 15.4
    55-64 years 255 18.1
    65-74 years 195 13.8
    Others 406 28.8
    Age Group
    Census Count Percent(%)
    Registered Married 537 52.5
    Not Married 365 35.7
    Defacto Relationship 120 11.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1123 84.8
    New Zealand 17 1.3
    Papua New Guinea 29 2.2
    United Kingdom 89 6.7
    Other 16 1.2
    Others 50 3.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 12 1.0
    Christianity 779 62.2
    Hinduism 3 0.2
    Judaism 4 0.3
    No Religion 451 36.0
    Others 3 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 43 8.8
    $400-$599 61 12.4
    $600-$799 66 13.4
    $800-$999 49 10.0
    $1,500-$1,999 58 11.8
    Others 214 43.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 474 42.5
    Employed, worked full-time 321 28.8
    Employed, worked part-time 241 21.6
    Employed, away from work 46 4.1
    Unemployed, looking for work 34 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 113 18.6
    Professionals 145 23.8
    Technicians & trades workers 77 12.6
    Community & personal service workers 67 11.0
    Clerical & administrative workers 75 12.3
    Others 132 21.7
    Occupation
    Census Count Percent(%)
    Pre-school 28 10.4
    Infants/Primary 97 35.9
    Secondary 84 31.1
    Technical or Further Educational Institution 15 5.6
    University or other Tertiary Institutions 35 13.0
    Others 11 4.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1229 98.0
    Flat, unit or apartment 22 1.8
    Semi-detached, row or terrace house, townhouse 3 0.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 275 50.4
    Being purchased 192 35.2
    Rented 72 13.2
    Other tenure type 7 1.3
    Tenure Type
Census 2011, ABS
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Recent sales & rentals