Suburb Profile Report for Flora Hill VIC (3550)

Flora Hill House: Median price $310,000, Annual capital growth 3.53%, Number of sales 68, Weekly median advertised rent $295

Flora Hill Unit: Median price $270,000, Annual capital growth 5.13%, Number of sales 17, Weekly median advertised rent $243

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

Source: CoreLogic

  • House Report
  • Unit Report

Flora Hill has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -3.13% to date .

If we look at median property appreciation over just the last three months, Flora Hill has given property investors a paper return of -4.62%. This puts Suburb as 670 on a list of fastest fasting appreciating suburbs in VIC

Property buyers and investors in Flora Hill 3550 should be seeing an average reduction in asking price of around -6.84% . This means that Flora Hill is holding prices well when compared to other suburbs in VIC.

Often selling an investment property can take time, and in Flora Hill the average time real estate has been on the market is 87.84 days.

Flora Hill is in the TOP 20% in VIC when comparing median price capital growth over the last year. Flora Hill gave property investors a very good capital gain figure when compared to the rest of the state, with 12.50%.

The five-year average increase in median property values for Flora Hill,3550 has given property investors a potential capital gain of 9.53% across each of those five years.

The most recent median price for Flora Hill is $270000, with sellers offering an average of -6.92% off the asking price.

A $242.5 per week rent on the median house gives suburb investors a gross yield of circa 4.67%, without taking into account capital value appreciation, which has been averaging out at 5.13%.

Metrics i HOUSE UNIT
$310,000 $270,000
-4.62% 3.85%
-3.13% 12.50%
3.53% 5.13%
$295 $243
68 17
4.95% 4.67%
87.84 126.37

Source: CoreLogic

DSR Score for property investment : Balanced (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
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