Suburb Profile Report for Kangaroo Flat VIC (3555)

Kangaroo Flat House: Median price $299,750, Annual capital growth 3.20%, Number of sales 187, Weekly median advertised rent $288

Kangaroo Flat Unit: Median price $247,000, Annual capital growth 2.51%, Number of sales 18, Weekly median advertised rent $235

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Kangaroo Flat has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.59%

When looking at the potential capital gains offered to property investors over the last 3 years, Kangaroo Flat comes in at number 621th in VIC.

Property investors looking for a bargain in Kangaroo Flat should be aiming for at least -6.53% off the asking price, which is the average vendor discount being achieved at the moment.

With the median price for a house in Kangaroo Flat being $299750 and the advertised rent reaching $287.5 the gross rental yield for property investors calculates out to be 4.99%

Kangaroo Flat has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -0.40% to date .

If we look at median property appreciation over just the last three months, Kangaroo Flat has given property investors a paper return of -1.20%. This puts Suburb as 258 on a list of fastest fasting appreciating suburbs in VIC

Property buyers and investors in Kangaroo Flat 3555 should be seeing an average reduction in asking price of around -6.30% . This means that Kangaroo Flat is holding prices well when compared to other suburbs in VIC.

HOUSE UNIT
$299,750 $247,000
-1.72% -1.20%
0.59% -0.40%
3.20% 2.51%
$288 $235
187 18
4.99% 4.95%
104.97 104.64

Source: CoreLogic

DSR Score for property investment : Good (H), Good (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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