Suburb Profile Report for Numurkah VIC (3636)

Numurkah House: Median price $200,000, Annual capital growth 1.60%, Number of sales 77, Weekly median advertised rent $240

Numurkah Unit: Median price $158,000, Annual capital growth 1.53%, Number of sales 15, Weekly median advertised rent $190

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

Source: CoreLogic

  • House Report
  • Unit Report

Numurkah has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 0.63% to date .

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

LACK OF BUYER INTEREST may well be the reason that Numurkah is offering property investors an average of -5.80. This rate of discount on properties puts Suburb at number 154th in terms of most discounted suburbs in VIC

Situated 196.23km from the CBD, Numurkah is one of Moira localities in the postcode 3636.

Investment property in Numurkah has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.25%

Taking the average capital gain, or increase in median house value, Numurkah,3636 has racked up an average of -1.25% over the period. This ranks it number 1465th in the whole country for real estate investors looking at median house price increases.

Advertised rents are around the $190 mark per week – giving a return of 6.25% based on the median price in Suburb

Metrics i HOUSE UNIT
$200,000 $158,000
1.27% -0.63%
0.63% -1.25%
1.60% 1.53%
$240 $190
77 15
6.24% 6.25%
157.56 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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Demographics
Total population 4767
Median household income ($/weekly) 796
Median age of persons 43
Median housing loan repayment ($/monthly) 1083
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 653 13.7
    35-44 years 562 11.8
    45-54 years 601 12.6
    55-64 years 603 12.6
    65-74 years 494 10.4
    Others 1854 38.9
    Age Group
    Census Count Percent(%)
    Registered Married 1731 50.9
    Not Married 1356 39.9
    Defacto Relationship 312 9.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 4216 93.1
    New Zealand 22 0.5
    Papua New Guinea 55 1.2
    United Kingdom 119 2.6
    Other 18 0.4
    Others 100 2.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 31 0.7
    Christianity 3295 75.6
    Hinduism 6 0.1
    Other Religious Groups 14 0.3
    No Religion 1007 23.1
    Others 6 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 203 12.3
    $400-$599 287 17.3
    $600-$799 206 12.4
    $800-$999 201 12.1
    $1,500-$1,999 169 10.2
    Others 590 35.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1586 43.6
    Employed, worked full-time 1168 32.1
    Employed, worked part-time 624 17.2
    Employed, away from work 150 4.1
    Unemployed, looking for work 106 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 330 17.0
    Professionals 243 12.5
    Technicians & trades workers 292 15.0
    Community & personal service workers 214 11.0
    Labourers 307 15.8
    Others 558 28.7
    Occupation
    Census Count Percent(%)
    Pre-school 72 7.1
    Infants/Primary 398 39.5
    Secondary 337 33.4
    Technical or Further Educational Institution 108 10.7
    University or other Tertiary Institutions 58 5.8
    Others 35 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4048 92.8
    Semi-detached, row or terrace house, townhouse 64 1.5
    Flat, unit or apartment 221 5.1
    Caravan, cabin, houseboat 8 0.2
    House or flat attached to a shop, office 17 0.4
    Others 3 0.1
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 736 40.9
    Being purchased 581 32.3
    Rented 468 26.0
    Other tenure type 14 0.8
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals