Suburb Profile Report for Swan Hill VIC (3585)

Swan Hill House: Median price $248,000, Annual capital growth 1.38%, Number of sales 190, Weekly median advertised rent $270

Swan Hill Unit: Median price $230,000, Annual capital growth 1.37%, Number of sales 32, Weekly median advertised rent $223

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 3662th in the list of Australian suburbs ordered by increase in median house value over the last year, Swan Hill, 3585 is in the BOTTOM 20% with a property value increase of -6.42% recorded in median house prices.

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.

Sellers are offering property buyers an average discount of -4.64% to buyers in Swan Hill at the moment, which is less than average for the rest of VIC.

In the last year 190 properties changed hands in Swan Hill, which puts it as the 134th most active market in VIC when comparing the number of sales per suburb.

Using the current median advertised rental of $270 and the average annual increase in value of a median property of 1.38%, investors should hope to achieve an overall return of 5.66%

Swan Hill is in the bottom 30% in VIC when comparing median price capital growth over the last year. Swan Hill gave property investors a disappointing capital gain figure when compared to the rest of the state, with 0.00%.

Vendor discounting in Swan Hill is giving property investors an average Vendor Discount of around -4.24%. This puts suburb at number 169th in VIC when ranking the most discounted suburbs.

At number 723 in a list of fastest selling suburbs, Swan Hill is just in the top half of suburbs in Australia with an average of days on market 72.8 for properties listed there.

The VIC suburb of Swan Hill, 3585 is in the Swan Hill local government area.

Metrics i HOUSE UNIT
$248,000 $230,000
-3.13% N/A
-6.42% 0.00%
1.38% 1.37%
$270 $223
190 32
5.66% 5.03%
78.52 72.8

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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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