Suburb Profile Report for Kangaroo Flat VIC (3555)

Kangaroo Flat House: Median price $299,250, Annual capital growth 3.05%, Number of sales 198, Weekly median advertised rent $290

Kangaroo Flat Unit: Median price $237,500, Annual capital growth 2.80%, Number of sales 19, Weekly median advertised rent $240

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a an unimpressive capital gain of -1.89% for the last year, Kangaroo Flat, 3555 is the 3133th highest performer in Australia in this respect.

While Kangaroo Flat,3555 ranked number 553th in VIC for increase in median house value (annualised) increase, it is ranked 514th over the last 5 years.

Sellers are offering property buyers an average discount of -6.24% to buyers in Kangaroo Flat at the moment, which is less than average for the rest of VIC.

Advertised rents are around the $290 mark per week – giving a return of 5.04% based on the median price in 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 -5.75%

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

Property buyers and investors in Kangaroo Flat 3555 should be seeing an average reduction in asking price of around -6.38% . This means that Kangaroo Flat is holding prices well when compared to other suburbs in VIC.

With the median price for a house in Kangaroo Flat being $237500 and the advertised rent reaching $240 the gross rental yield for property investors calculates out to be 5.25%

HOUSE UNIT
$299,250 $237,500
-0.25% -1.25%
-1.89% -5.75%
3.05% 2.80%
$290 $240
198 19
5.04% 5.25%
100.1 80.5

Source: CoreLogic

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