Suburb Profile Report for Swan Hill VIC (3585)

Swan Hill House: Median price $268,000, Annual capital growth 2.88%, Number of sales 183, Weekly median advertised rent $260

Swan Hill Unit: Median price $230,000, Annual capital growth 1.94%, Number of sales 26, Weekly median advertised rent $220

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Swan Hill, 3585 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 15.39%

While Swan Hill,3585 ranked number 459th in VIC for increase in median house value (annualised) increase, it is ranked 395th over the last 5 years.

Property investors looking for a bargain in Swan Hill should be aiming for at least -4.33% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Swan Hill the average time real estate has been on the market is 86.59 days.

With the median price for a house in Swan Hill being $268000 and the advertised rent reaching $260 the gross rental yield for property investors calculates out to be 5.04%

With a capital gain of 21.05% for the last 12 months, Swan Hill, 3585 has performed for property investments than its average annual 1.94% property growth over the last 5 years.

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

Our latest figures would indicate that property sellers in Swan Hill are currently offering property investors an average price cut of -4.56% below the asking price at the moment.

HOUSE UNIT
$268,000 $230,000
0.00% 1.10%
15.39% 21.05%
2.88% 1.94%
$260 $220
183 26
5.04% 4.97%
86.59 91.87

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 10430
Median household income ($/weekly) 886
Median age of persons 38
Median housing loan repayment ($/monthly) 1300
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1384 13.3
    25-34 years 1296 12.4
    35-44 years 1219 11.7
    45-54 years 1300 12.5
    55-64 years 1147 11.0
    Others 4084 39.2
    Age Group
    Census Count Percent(%)
    Registered Married 3590 48.7
    Not Married 3076 41.8
    Defacto Relationship 701 9.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 8909 90.1
    Indonesia 198 2.0
    Japan 139 1.4
    United Kingdom 123 1.2
    Other 220 2.2
    Others 296 3.0
    Country of Birth
    Census Count Percent(%)
    Christianity 6859 71.6
    Hinduism 60 0.6
    Islam 156 1.6
    Other Religious Groups 151 1.6
    No Religion 2301 24.0
    Others 59 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 376 10.4
    $400-$599 542 15.0
    $600-$799 449 12.4
    $800-$999 383 10.6
    $1,500-$1,999 372 10.3
    Others 1491 41.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2999 37.9
    Employed, worked full-time 2966 37.5
    Employed, worked part-time 1436 18.2
    Employed, away from work 290 3.7
    Unemployed, looking for work 220 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 701 14.9
    Professionals 813 17.3
    Technicians & trades workers 668 14.2
    Clerical & administrative workers 600 12.8
    Sales 566 12.1
    Others 1342 28.6
    Occupation
    Census Count Percent(%)
    Pre-school 149 6.9
    Infants/Primary 852 39.5
    Secondary 718 33.3
    Technical or Further Educational Institution 238 11.0
    University or other Tertiary Institutions 119 5.5
    Others 79 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8459 88.2
    Flat, unit or apartment 769 8.0
    Semi-detached, row or terrace house, townhouse 327 3.4
    Caravan, cabin, houseboat 28 0.3
    House or flat attached to a shop, office 11 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1365 34.7
    Fully owned 1352 34.4
    Being purchased 1190 30.3
    Other tenure type 25 0.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals