Suburb Profile Report for Swan Hill VIC (3585)

Swan Hill House: Median price $265,000, Annual capital growth 2.46%, Number of sales 172, Weekly median advertised rent $270

Swan Hill Unit: Median price $230,000, Annual capital growth 2.75%, Number of sales 25, Weekly median advertised rent $220

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Swan Hill 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 7.07%

When looking at the potential capital gains offered to property investors over the last 3 years, Swan Hill comes in at number 392th in VIC.

Property buyers and investors in Swan Hill 3585 should be seeing an average reduction in asking price of around -4.48% . This means that Swan Hill is holding prices well when compared to other suburbs in VIC.

Using the current median advertised rental of $270 and the average annual increase in value of a median property of 2.46%, investors should hope to achieve an overall return of 5.30%

Investment property in Swan Hill has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 21.05%

Over the longer term, Swan Hill has seen property prices show investors a 24.32% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Swan Hill is offering property investors an average of -5.12. This rate of discount on properties puts Suburb at number 197th in terms of most discounted suburbs in VIC

Using the current median advertised rental of $220 and the average annual increase in value of a median property of 2.75%, investors should hope to achieve an overall return of 4.97%

HOUSE UNIT
$265,000 $230,000
-1.12% 3.37%
7.07% 21.05%
2.46% 2.75%
$270 $220
172 25
5.30% 4.97%
90.04 61.4

Source: CoreLogic

DSR Score for property investment : Above average (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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