Suburb Profile Report for Shepparton VIC (3630)

Shepparton House: Median price $265,000, Annual capital growth 1.34%, Number of sales 475, Weekly median advertised rent $285

Shepparton Unit: Median price $210,000, Annual capital growth 0.36%, Number of sales 68, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Shepparton, 3630 should be ok 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 6.43%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Shepparton has increased when compared to the 5 year average annual rate.

Vendor discounting in Shepparton is giving property investors an average Vendor Discount of around -5.01%. This puts suburb at number 388th in VIC when ranking the most discounted suburbs.

With the median price for a house in Shepparton being $265000 and the advertised rent reaching $285 the gross rental yield for property investors calculates out to be 5.59%

Shepparton is in the bottom 30% in VIC when comparing median price capital growth over the last year. Shepparton gave property investors a disappointing capital gain figure when compared to the rest of the state, with -2.55%.

If we look at median property appreciation over just the last three months, Shepparton has given property investors a paper return of 0.00%. This puts Suburb as 194 on a list of fastest fasting appreciating suburbs in VIC

LACK OF BUYER INTEREST may well be the reason that Shepparton is offering property investors an average of -5.22. This rate of discount on properties puts Suburb at number 159th in terms of most discounted suburbs in VIC

Often selling an investment property can take time, and in Shepparton the average time real estate has been on the market is 120.51 days.

Situated 164.14km from the CBD, Shepparton is one of Greater Shepparton localities in the postcode 3630.

HOUSE UNIT
$265,000 $210,000
1.92% 0.00%
6.43% -2.55%
1.34% 0.36%
$285 $250
475 68
5.59% 6.19%
102.11 120.51

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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Recent sales & rentals