Suburb Profile Report for Avoca VIC (3467)

Avoca House: Median price $174,250, Annual capital growth 3.25%, Number of sales 22, Weekly median advertised rent $213

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

Source: CoreLogic

  • House Report

Property investors who have had real estate in Avoca, 3467 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -7.07%

Across a shorter period, Avoca, 3467 has seen a median price increase of -1.83% over the last quarter.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.00% offered to property buyers. Sellers in Avoca itself are offering an average vendor discount of -6.88% to real estate investors.

With the median price for a house in Avoca being $174250 and the advertised rent reaching $212.5 the gross rental yield for property investors calculates out to be 6.34%

HOUSE UNIT
$174,250 N/A
-1.83% N/A
-7.07% N/A
3.25% N/A
$213 N/A
22 N/A
6.34% N/A
116 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 1263
Median household income ($/weekly) 620
Median age of persons 49
Median housing loan repayment ($/monthly) 1009
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 148 11.7
    35-44 years 152 12.0
    45-54 years 144 11.4
    55-64 years 226 17.9
    65-74 years 185 14.6
    Others 408 32.3
    Age Group
    Census Count Percent(%)
    Registered Married 483 52.0
    Not Married 363 39.1
    Defacto Relationship 83 8.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 1112 91.4
    China 5 0.4
    Malta 5 0.4
    United Kingdom 62 5.1
    Other 9 0.7
    Others 23 1.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 10 0.9
    Christianity 837 72.4
    Hinduism 3 0.3
    Other Religious Groups 14 1.2
    No Religion 289 25.0
    Others 3 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 70 15.0
    $400-$599 103 22.1
    $600-$799 68 14.6
    $800-$999 57 12.2
    $1,000-$1,249 36 7.7
    Others 133 28.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 522 51.7
    Employed, worked full-time 263 26.1
    Employed, worked part-time 163 16.2
    Employed, away from work 33 3.3
    Unemployed, looking for work 28 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 83 18.1
    Professionals 54 11.8
    Technicians & trades workers 65 14.2
    Community & personal service workers 57 12.4
    Labourers 74 16.1
    Others 126 27.5
    Occupation
    Census Count Percent(%)
    Pre-school 23 9.2
    Infants/Primary 98 39.0
    Secondary 89 35.5
    Technical or Further Educational Institution 15 6.0
    University or other Tertiary Institutions 20 8.0
    Others 6 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1110 96.0
    Caravan, cabin, houseboat 15 1.3
    House or flat attached to a shop, office 14 1.2
    Flat, unit or apartment 12 1.0
    Semi-detached, row or terrace house, townhouse 5 0.4
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 267 51.3
    Being purchased 133 25.6
    Rented 116 22.3
    Other tenure type 4 0.8
    Tenure Type
Census 2011, ABS
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