Suburb Profile Report for Kangaroo Flat VIC (3555)

Kangaroo Flat House: Median price $301,250, Annual capital growth 3.30%, Number of sales 175, Weekly median advertised rent $290

Kangaroo Flat Unit: Median price $236,000, Annual capital growth 3.71%, Number of sales 16, Weekly median advertised rent $235

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

Source: CoreLogic

  • House Report
  • Unit Report

Kangaroo Flat is in the bottom 20% in VIC when comparing median price capital growth over the last year. Kangaroo Flat gave property investors a dismal capital gain figure when compared to the rest of the state, with -0.90%.

The five-year average increase in median property values for Kangaroo Flat,3555 has given property investors a potential capital gain of 9.55% across each of those five years.

Property buyers and investors in Kangaroo Flat 3555 should be seeing an average reduction in asking price of around -5.95% . This means that Kangaroo Flat is holding prices well when compared to other suburbs in VIC.

Property investors should expect to get $290 weekly from the median priced house in this suburb.

Property investors who have had real estate in Kangaroo Flat, 3555 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -5.60%

Across a shorter period, Kangaroo Flat, 3555 has seen a median price increase of -0.63% over the last quarter.

Property buyers and investors in Kangaroo Flat 3555 should be seeing an average reduction in asking price of around -5.05% . This means that Kangaroo Flat is holding prices well when compared to other suburbs in VIC.

Often selling an investment property can take time, and in Kangaroo Flat the average time real estate has been on the market is 65.83 days.

Situated 129.74km from the CBD, Kangaroo Flat is one of Greater Bendigo localities in the postcode 3555.

Metrics i HOUSE UNIT
$301,250 $236,000
0.42% -0.63%
-0.90% -5.60%
3.30% 3.71%
$290 $235
175 16
5.01% 5.18%
98.67 65.83

Source: CoreLogic

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