Suburb Profile Report for Flora Hill VIC (3550)

Flora Hill House: Median price $325,000, Annual capital growth 3.73%, Number of sales 71, Weekly median advertised rent $290

Flora Hill Unit: Median price $270,000, Annual capital growth 5.00%, Number of sales 15, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Flora Hill, 3550 have given investors a capital gain of 0.93%. This compares very badly with the 8.12% for VIC as a whole.

While Flora Hill,3550 ranked number 325th in VIC for increase in median house value (annualised) increase, it is ranked 459th over the last 5 years.

Property buyers and investors in Flora Hill 3550 should be seeing an average reduction in asking price of around -6.80% . This means that Flora Hill is holding prices well when compared to other suburbs in VIC.

Situated 129.53km from the CBD, Flora Hill is one of Greater Bendigo localities in the postcode 3550.

With a capital gain of 20.00% for the last 12 months, Flora Hill, 3550 has performed for property investments than its average annual 5.00% property growth over the last 5 years.

Across a shorter period, Flora Hill, 3550 has seen a median price increase of 8.00% 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 -5.08% offered to property buyers. Sellers in Flora Hill itself are offering an average vendor discount of -7.20% to real estate investors.

In the last year 15 properties changed hands in Flora Hill, which puts it as the 328th most active market in VIC when comparing the number of sales per suburb.

Advertised rents are around the $250 mark per week – giving a return of 4.81% based on the median price in Suburb

HOUSE UNIT
$325,000 $270,000
1.88% 8.00%
0.93% 20.00%
3.73% 5.00%
$290 $250
71 15
4.64% 4.81%
95.12 149.33

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (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
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Recent sales & rentals