Suburb Profile Report for Quarry Hill VIC (3550)

Quarry Hill House: Median price $381,250, Annual capital growth 5.99%, Number of sales 41, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report

Investment property in Quarry Hill has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.90%

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

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.04% offered to property buyers. Sellers in Quarry Hill itself are offering an average vendor discount of -7.25% to real estate investors.

Property investors should expect to get $300 weekly from the median priced house in this suburb.

HOUSE UNIT
$381,250 N/A
-0.33% N/A
2.90% N/A
5.99% N/A
$300 N/A
41 N/A
4.09% N/A
95.61 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
Find a mortgage broker in Quarry Hill VIC
Demographics
Total population 2339
Median household income ($/weekly) 1186
Median age of persons 34
Median housing loan repayment ($/monthly) 1207
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 293 12.5
    25-34 years 309 13.2
    35-44 years 336 14.4
    45-54 years 311 13.3
    55-64 years 244 10.4
    Others 846 36.2
    Age Group
    Census Count Percent(%)
    Not Married 745 44.4
    Registered Married 732 43.6
    Defacto Relationship 200 11.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 2051 93.2
    Croatia 8 0.4
    Papua New Guinea 11 0.5
    United Kingdom 49 2.2
    Other 16 0.7
    Others 65 3.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 40 1.9
    Christianity 1359 64.1
    Islam 6 0.3
    Other Religious Groups 13 0.6
    No Religion 696 32.8
    Others 6 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 86 10.4
    $800-$999 96 11.6
    $1,000-$1,249 85 10.3
    $1,250-$1,499 80 9.7
    $1,500-$1,999 117 14.1
    Others 363 43.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 666 37.6
    Not in the labour force 520 29.4
    Employed, worked part-time 452 25.5
    Employed, away from work 74 4.2
    Unemployed, looking for work 59 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 136 11.4
    Professionals 333 27.9
    Technicians & trades workers 163 13.7
    Community & personal service workers 146 12.2
    Clerical & administrative workers 155 13.0
    Others 261 21.9
    Occupation
    Census Count Percent(%)
    Pre-school 47 7.5
    Infants/Primary 195 31.3
    Secondary 140 22.4
    Technical or Further Educational Institution 51 8.2
    University or other Tertiary Institutions 177 28.4
    Others 14 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1990 91.6
    Flat, unit or apartment 149 6.9
    Semi-detached, row or terrace house, townhouse 21 1.0
    House or flat attached to a shop, office 12 0.6
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 324 36.4
    Being purchased 286 32.2
    Fully owned 279 31.4
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals