Suburb Profile Report for Kerang VIC (3579)

Kerang House: Median price $161,250, Annual capital growth 0.48%, Number of sales 66, Weekly median advertised rent $210

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

Source: CoreLogic

  • House Report

Investment property in Kerang has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.79%

Over the longer term, Kerang has seen property prices show investors a 11.21% return over the last 3 years. This is worse than over the last 12 months

Kerang3579 is located in VIC which offers an average discount of -6.04% to property investors. Kerang itself is showing figures that indicate -12.86% is the average achievable by property buyers investing in the suburb.

Using the current median advertised rental of $210 and the average annual increase in value of a median property of 0.48%, investors should hope to achieve an overall return of 6.77%

HOUSE UNIT
$161,250 N/A
4.03% N/A
6.79% N/A
0.48% N/A
$210 N/A
66 N/A
6.77% N/A
154.5 N/A

Source: CoreLogic

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