Suburb Profile Report for Swan Hill VIC (3585)

Swan Hill House: Median price $261,500, Annual capital growth 2.27%, Number of sales 169, Weekly median advertised rent $260

Swan Hill Unit: Median price $230,000, Annual capital growth 2.04%, 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

VIC has seen average median house prices change by 7.68% which means that Swan Hill, 3585 has done well for property investors by showing a capital gain of 5.66% over the last year

The five-year average increase in median property values for Swan Hill,3585 has given property investors a potential capital gain of 12.72% across each of those five years.

Property buyers and investors in Swan Hill 3585 should be seeing an average reduction in asking price of around -4.58% . This means that Swan Hill is holding prices well when compared to other suburbs in VIC.

Often selling an investment property can take time, and in Swan Hill the average time real estate has been on the market is 91.78 days.

Using the current median advertised rental of $260 and the average annual increase in value of a median property of 2.27%, investors should hope to achieve an overall return of 5.17%

At number 120th in the list of Australian suburbs ordered by increase in median house value over the last year, Swan Hill, 3585 is in the top 10% with a property value increase of 19.48% recorded in median house prices.

The five-year average increase in median property values for Swan Hill,3585 has given property investors a potential capital gain of 21.05% across each of those five years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Swan Hill, 3585. Typically our figures indicate that -4.49% is being offered, which puts this VIC suburb at 922th most discounted overall in Australia.

A $220 per week rent on the median house gives suburb investors a gross yield of circa 4.97%, without taking into account capital value appreciation, which has been averaging out at 2.04%.

HOUSE UNIT
$261,500 $230,000
-1.32% N/A
5.66% 19.48%
2.27% 2.04%
$260 $220
169 25
5.17% 4.97%
91.78 61.4

Source: CoreLogic

DSR Score for property investment : Very 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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