Suburb Profile Report for Flora Hill VIC (3550)

Flora Hill House: Median price $310,000, Annual capital growth 3.59%, Number of sales 69, Weekly median advertised rent $290

Flora Hill Unit: Median price $274,000, Annual capital growth 5.41%, Number of sales 16, Weekly median advertised rent $243

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

Source: CoreLogic

  • House Report
  • Unit Report

Flora Hill, 3550 ranked 631th in VIC when comparing growth in median property values or capital gain over the last 12 months. Flora Hill is one of 2098 in our list for VIC

Flora Hill,3550 has offered an average of -3.88% return per annum in house price rises to property investors over the last three years.

At number 134th of VIC’s most discounted properties, Flora Hill is in the bottom 30% of the state/territory when listing in order of most discounted to least.

Often selling an investment property can take time, and in Flora Hill the average time real estate has been on the market is 91.16 days.

Situated 129.48km from the CBD, Flora Hill is one of Greater Bendigo localities in the postcode 3550.

If you compare the increase in value of investment property in Flora Hill, 3550 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 11.84%.

Comparing Flora Hill,3550 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Flora Hill3550 is located in VIC which offers an average discount of -5.03% to property investors. Flora Hill itself is showing figures that indicate -6.92% is the average achievable by property buyers investing in the suburb.

Residents and property investors in Flora Hill have been waiting around 126.37 days to sell a property.

A $242.5 per week rent on the median house gives suburb investors a gross yield of circa 4.60%, without taking into account capital value appreciation, which has been averaging out at 5.41%.

Metrics i HOUSE UNIT
$310,000 $274,000
-4.62% 5.38%
-3.88% 11.84%
3.59% 5.41%
$290 $243
69 16
4.86% 4.60%
91.16 126.37

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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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