Suburb Profile Report for Shepparton VIC (3630)

Shepparton House: Median price $258,000, Annual capital growth 1.14%, Number of sales 530, Weekly median advertised rent $290

Shepparton Unit: Median price $230,000, Annual capital growth 1.41%, Number of sales 65, Weekly median advertised rent $240

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Shepparton, 3630 have given investors a capital gain of 0.39%. This compares very badly with the 10.83% for VIC as a whole.

Across a shorter period, Shepparton, 3630 has seen a median price increase of 0.00% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Shepparton is offering property investors an average of -5.41. This rate of discount on properties puts Suburb at number 250th in terms of most discounted suburbs in VIC

On average over the past year, suburb has had 44.17 sales per month, which equates to 530 per year.

A $290 per week rent on the median house gives suburb investors a gross yield of circa 5.84%, without taking into account capital value appreciation, which has been averaging out at 1.14%.

Property value increases in Shepparton have tracked just higher than the VIC average of 4.90% over the last 12 months.

Shepparton,3630 was ranked 592 in Australia by increase in median property value over the quarter.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.83% offered to property buyers. Sellers in Shepparton itself are offering an average vendor discount of -5.24% to real estate investors.

On average over the past year, suburb has had 5.42 sales per month, which equates to 65 per year.

Renters in Suburb are facing rents around $2880 per annum or $240 every week.

Metrics i HOUSE UNIT
$258,000 $230,000
0.00% 2.22%
0.39% 9.52%
1.14% 1.41%
$290 $240
530 65
5.84% 5.43%
100.24 80.5

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 29553
Median household income ($/weekly) 925
Median age of persons 36
Median housing loan repayment ($/monthly) 1300
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 4114 13.9
    25-34 years 3853 13.0
    35-44 years 3875 13.1
    45-54 years 3681 12.5
    55-64 years 3138 10.6
    Others 10892 36.9
    Age Group
    Census Count Percent(%)
    Registered Married 9472 46.3
    Not Married 9159 44.8
    Defacto Relationship 1830 8.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 22459 81.7
    Indonesia 586 2.1
    Japan 472 1.7
    United Kingdom 494 1.8
    Other 1638 6.0
    Others 1832 6.7
    Country of Birth
    Census Count Percent(%)
    Christianity 17422 65.9
    Hinduism 264 1.0
    Islam 2421 9.2
    Other Religious Groups 422 1.6
    No Religion 5721 21.6
    Others 205 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 1373 14.2
    $600-$799 1202 12.4
    $800-$999 1032 10.6
    $1,000-$1,249 1001 10.3
    $1,500-$1,999 1104 11.4
    Others 3985 41.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 8659 40.0
    Employed, worked full-time 7460 34.4
    Employed, worked part-time 3894 18.0
    Unemployed, looking for work 862 4.0
    Employed, away from work 796 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 2247 18.5
    Technicians & trades workers 1730 14.2
    Clerical & administrative workers 1445 11.9
    Sales 1371 11.3
    Labourers 1818 15.0
    Others 3534 29.1
    Occupation
    Census Count Percent(%)
    Pre-school 456 7.1
    Infants/Primary 2426 37.7
    Secondary 2080 32.3
    Technical or Further Educational Institution 768 11.9
    University or other Tertiary Institutions 478 7.4
    Others 234 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 23981 88.7
    Semi-detached, row or terrace house, townhouse 1075 4.0
    Flat, unit or apartment 1894 7.0
    Caravan, cabin, houseboat 56 0.2
    House or flat attached to a shop, office 33 0.1
    Others 3 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 3886 37.1
    Being purchased 3316 31.7
    Fully owned 3190 30.5
    Other tenure type 80 0.8
    Tenure Type
Census 2011, ABS
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