Suburb Profile Report for Rushworth VIC (3612)

Rushworth House: Median price $210,000, Annual capital growth 4.42%, Number of sales 15, Weekly median advertised rent $230

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

Source: CoreLogic

  • House Report

Property investors who have had real estate in Rushworth, 3612 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 18.64%

Across a shorter period, Rushworth, 3612 has seen a median price increase of 12.30% over the last quarter.

Property investors looking for a bargain in Rushworth should be aiming for at least -6.69% 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 Rushworth the average time real estate has been on the market is 180.64 days.

A $230 per week rent on the median house gives suburb investors a gross yield of circa 5.70%, without taking into account capital value appreciation, which has been averaging out at 4.42%.

HOUSE UNIT
$210,000 N/A
12.30% N/A
18.64% N/A
4.42% N/A
$230 N/A
15 N/A
5.70% N/A
180.64 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
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Demographics
Total population 1380
Median household income ($/weekly) 651
Median age of persons 51
Median housing loan repayment ($/monthly) 900
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 137 9.9
    35-44 years 155 11.2
    45-54 years 209 15.1
    55-64 years 232 16.8
    65-74 years 188 13.6
    Others 460 33.3
    Age Group
    Census Count Percent(%)
    Registered Married 492 49.1
    Not Married 423 42.2
    Defacto Relationship 88 8.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1160 89.8
    New Zealand 10 0.8
    Papua New Guinea 9 0.7
    United Kingdom 63 4.9
    Other 8 0.6
    Others 42 3.3
    Country of Birth
    Census Count Percent(%)
    Christianity 909 75.2
    No Religion 288 23.8
    Buddhism 9 0.7
    Islam 3 0.2
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 88 17.7
    $400-$599 95 19.2
    $600-$799 73 14.7
    $800-$999 60 12.1
    $1,500-$1,999 39 7.9
    Others 141 28.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 564 51.6
    Employed, worked full-time 265 24.3
    Employed, worked part-time 180 16.5
    Employed, away from work 52 4.8
    Unemployed, looking for work 31 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 59 12.0
    Professionals 71 14.4
    Technicians & trades workers 66 13.4
    Community & personal service workers 60 12.2
    Labourers 99 20.1
    Others 138 28.0
    Occupation
    Census Count Percent(%)
    Infants/Primary 73 30.3
    Secondary 98 40.7
    Technical or Further Educational Institution 23 9.5
    University or other Tertiary Institutions 23 9.5
    Other type of educational institution 13 5.4
    Others 11 4.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1166 95.9
    Caravan, cabin, houseboat 19 1.6
    House or flat attached to a shop, office 18 1.5
    Flat, unit or apartment 10 0.8
    Improvised home, tent, sleepers out 3 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 271 49.4
    Being purchased 175 31.9
    Rented 99 18.0
    Other tenure type 4 0.7
    Tenure Type
Census 2011, ABS
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Recent sales & rentals