Suburb Profile Report for Kerang VIC (3579)

Kerang House: Median price $173,750, Annual capital growth 1.06%, Number of sales 72, Weekly median advertised rent $210

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

Source: CoreLogic

  • House Report

Property investors who have had real estate in Kerang, 3579 should be pleased 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 19.83%

If we look at median property appreciation over just the last three months, Kerang has given property investors a paper return of 4.04%. This puts Suburb as 174 on a list of fastest fasting appreciating suburbs in VIC

Property investors looking for a bargain in Kerang should be aiming for at least -10.59% off the asking price, which is the average vendor discount being achieved at the moment.

At number 3540 in a list of fastest selling suburbs, Kerang is in the bottom 10% of suburbs in Australia with an average of days on market 139.42 for properties listed there.

Kerang, 3579’s gross rental yield is 6.28%

Metrics i HOUSE UNIT
$173,750 N/A
4.04% N/A
19.83% N/A
1.06% N/A
$210 N/A
72 N/A
6.28% N/A
139.42 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Good (U)
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Demographics
Total population 3872
Median household income ($/weekly) 733
Median age of persons 47
Median housing loan repayment ($/monthly) 867
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 477 12.3
    35-44 years 403 10.4
    45-54 years 492 12.7
    55-64 years 519 13.4
    65-74 years 461 11.9
    Others 1520 39.3
    Age Group
    Census Count Percent(%)
    Registered Married 1399 50.3
    Not Married 1176 42.3
    Defacto Relationship 207 7.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 3382 93.9
    Papua New Guinea 23 0.6
    South Africa 25 0.7
    United Kingdom 65 1.8
    Other 24 0.7
    Others 82 2.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 21 0.6
    Christianity 2563 74.2
    Hinduism 3 0.1
    Islam 3 0.1
    No Religion 862 24.9
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 210 14.8
    $400-$599 263 18.5
    $600-$799 196 13.8
    $800-$999 147 10.4
    $1,000-$1,249 149 10.5
    Others 455 32.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1364 46.1
    Employed, worked full-time 888 30.0
    Employed, worked part-time 542 18.3
    Employed, away from work 96 3.2
    Unemployed, looking for work 71 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 214 14.0
    Professionals 237 15.5
    Technicians & trades workers 210 13.8
    Clerical & administrative workers 178 11.7
    Labourers 193 12.7
    Others 493 32.3
    Occupation
    Census Count Percent(%)
    Pre-school 46 6.7
    Infants/Primary 296 42.9
    Secondary 260 37.7
    Technical or Further Educational Institution 46 6.7
    University or other Tertiary Institutions 29 4.2
    Others 13 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3272 93.1
    Flat, unit or apartment 140 4.0
    Semi-detached, row or terrace house, townhouse 45 1.3
    Caravan, cabin, houseboat 29 0.8
    House or flat attached to a shop, office 29 0.8
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 722 47.3
    Rented 409 26.8
    Being purchased 386 25.3
    Other tenure type 8 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals