Suburb Profile Report for Kangaroo Flat VIC (3555)

Kangaroo Flat House: Median price $305,000, Annual capital growth 3.57%, Number of sales 187, Weekly median advertised rent $288

Kangaroo Flat Unit: Median price $245,000, Annual capital growth 3.26%, Number of sales 15, Weekly median advertised rent $240

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Kangaroo Flat, 3555 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.21%

While Kangaroo Flat,3555 ranked number 459th in VIC for increase in median house value (annualised) increase, it is ranked 441th over the last 5 years.

Kangaroo Flat, 3555 is offering VIC ‘s 184th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.

Residents and property investors in Kangaroo Flat have been waiting around 103.35 days to sell a property.

With the median price for a house in Kangaroo Flat being $305000 and the advertised rent reaching $287.5 the gross rental yield for property investors calculates out to be 4.90%

Giving property investors a an unimpressive capital gain of -2.97% for the last year, Kangaroo Flat, 3555 is the 1301th highest performer in Australia in this respect.

Kangaroo Flat,3555 was ranked 1160 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Kangaroo Flat is offering property investors an average of -5.22. This rate of discount on properties puts Suburb at number 50th in terms of most discounted suburbs in VIC

At number 1321 in a list of fastest selling suburbs, Kangaroo Flat is in the bottom 20% of suburbs in Australia with an average of days on market 119 for properties listed there.

Kangaroo Flat, 3555’s gross rental yield is 5.09%

HOUSE UNIT
$305,000 $245,000
0.00% -1.21%
3.21% -2.97%
3.57% 3.26%
$288 $240
187 15
4.90% 5.09%
103.35 119

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 9492
Median household income ($/weekly) 886
Median age of persons 39
Median housing loan repayment ($/monthly) 1300
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1133 11.9
    25-34 years 1207 12.7
    35-44 years 1124 11.8
    45-54 years 1171 12.3
    55-64 years 1158 12.2
    Others 3699 39.0
    Age Group
    Census Count Percent(%)
    Registered Married 3192 45.5
    Not Married 3078 43.9
    Defacto Relationship 745 10.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 8504 93.0
    Papua New Guinea 71 0.8
    Philippines 59 0.6
    United Kingdom 219 2.4
    Other 73 0.8
    Others 223 2.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 74 0.8
    Christianity 5961 68.4
    Hinduism 22 0.3
    Other Religious Groups 27 0.3
    No Religion 2613 30.0
    Others 20 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 379 11.0
    $400-$599 511 14.9
    $600-$799 458 13.3
    $800-$999 379 11.0
    $1,500-$1,999 411 12.0
    Others 1296 37.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3188 43.1
    Employed, worked full-time 2416 32.7
    Employed, worked part-time 1283 17.3
    Employed, away from work 269 3.6
    Unemployed, looking for work 242 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 541 13.6
    Technicians & trades workers 622 15.7
    Clerical & administrative workers 563 14.2
    Sales 477 12.0
    Labourers 608 15.3
    Others 1153 29.1
    Occupation
    Census Count Percent(%)
    Pre-school 152 7.9
    Infants/Primary 702 36.7
    Secondary 556 29.0
    Technical or Further Educational Institution 212 11.1
    University or other Tertiary Institutions 219 11.4
    Others 73 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8267 92.5
    Flat, unit or apartment 506 5.7
    Semi-detached, row or terrace house, townhouse 129 1.4
    Caravan, cabin, houseboat 21 0.2
    House or flat attached to a shop, office 11 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1305 35.5
    Being purchased 1240 33.8
    Rented 1116 30.4
    Other tenure type 10 0.3
    Tenure Type
Census 2011, ABS
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