Suburb Profile Report for Flora Hill VIC (3550)

Flora Hill House: Median price $316,000, Annual capital growth 3.43%, Number of sales 65, Weekly median advertised rent $290

Flora Hill Unit: Median price $250,000, Annual capital growth 4.21%, 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

At number 3276th in the list of Australian suburbs ordered by increase in median house value over the last year, Flora Hill, 3550 is in the BOTTOM 30% with a property value increase of -3.26% recorded in median house prices.

While Flora Hill,3550 ranked number 603th in VIC for increase in median house value (annualised) increase, it is ranked 445th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Flora Hill is offering property investors an average of -5.99. This rate of discount on properties puts Suburb at number 257th in terms of most discounted suburbs in VIC

In the last year 65 properties changed hands in Flora Hill, which puts it as the 364th most active market in VIC when comparing the number of sales per suburb.

Flora Hill, 3550 ranked 170th 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

Across a shorter period, Flora Hill, 3550 has seen a median price increase of 4.17% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Flora Hill is offering property investors an average of -5.33. This rate of discount on properties puts Suburb at number 116th in terms of most discounted suburbs in VIC

A $250 per week rent on the median house gives suburb investors a gross yield of circa 5.20%, without taking into account capital value appreciation, which has been averaging out at 4.21%.

HOUSE UNIT
$316,000 $250,000
-2.02% 4.17%
-3.26% 4.38%
3.43% 4.21%
$290 $250
65 13
4.77% 5.20%
83.78 133.83

Source: CoreLogic

DSR Score for property investment : Above average (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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