Suburb Profile Report for Flora Hill VIC (3550)

Flora Hill House: Median price $314,000, Annual capital growth 3.45%, Number of sales 64, Weekly median advertised rent $290

Flora Hill Unit: Median price $280,000, Annual capital growth 5.63%, Number of sales 13, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Flora Hill has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.53%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Flora Hill has increased when compared to the 5 year average annual rate.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Flora Hill, 3550. Typically our figures indicate that -5.21% is being offered, which puts this VIC suburb at 2391th most discounted overall in Australia.

The VIC suburb of Flora Hill, 3550 is in the Greater Bendigo local government area.

Giving property investors a a solid capital gain of 20.69% for the last year, Flora Hill, 3550 is the 103th highest performer in Australia in this respect.

Across a shorter period, Flora Hill, 3550 has seen a median price increase of 14.29% over the last quarter.

Property investors looking for a bargain in Flora Hill should be aiming for at least -6.33% off the asking price, which is the average vendor discount being achieved at the moment.

Using the current median advertised rental of $250 and the average annual increase in value of a median property of 5.63%, investors should hope to achieve an overall return of 4.64%

HOUSE UNIT
$314,000 $280,000
-3.53% 14.29%
-3.53% 20.69%
3.45% 5.63%
$290 $250
64 13
4.80% 4.64%
89.12 136.16

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 3865
Median household income ($/weekly) 897
Median age of persons 28
Median housing loan repayment ($/monthly) 1300
Average household size 2.3
  • Census Count Percent(%)
    15-19 years 459 11.9
    20-24 years 678 17.5
    25-34 years 544 14.1
    35-44 years 414 10.7
    45-54 years 383 9.9
    Others 1388 35.9
    Age Group
    Census Count Percent(%)
    Not Married 1483 56.5
    Registered Married 890 33.9
    Defacto Relationship 251 9.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 3332 90.8
    Indonesia 27 0.7
    Malta 25 0.7
    United Kingdom 72 2.0
    Other 64 1.7
    Others 151 4.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 51 1.5
    Christianity 2154 62.1
    Hinduism 23 0.7
    Islam 33 1.0
    No Religion 1183 34.1
    Others 25 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 182 14.0
    $600-$799 168 13.0
    $800-$999 135 10.4
    $1,000-$1,249 136 10.5
    $1,500-$1,999 144 11.1
    Others 532 41.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1172 37.4
    Employed, worked full-time 935 29.9
    Employed, worked part-time 745 23.8
    Unemployed, looking for work 145 4.6
    Employed, away from work 133 4.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 409 22.6
    Technicians & trades workers 224 12.4
    Community & personal service workers 266 14.7
    Sales 245 13.5
    Labourers 230 12.7
    Others 438 24.2
    Occupation
    Census Count Percent(%)
    Pre-school 48 3.6
    Infants/Primary 226 16.7
    Secondary 184 13.6
    Technical or Further Educational Institution 102 7.5
    University or other Tertiary Institutions 761 56.3
    Others 30 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2737 83.3
    Flat, unit or apartment 317 9.6
    Semi-detached, row or terrace house, townhouse 232 7.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 675 47.6
    Being purchased 369 26.0
    Fully owned 362 25.5
    Other tenure type 11 0.8
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals