Suburb Profile Report for Avenel VIC (3664)

Avenel House: Median price $225,000, Annual capital growth 2.22%, Number of sales 12, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report

Property value increases in Avenel have tracked lower than the VIC average of 8.96% over the last 12 months.

Over the longer term, Avenel has seen property prices show investors a -15.09% return over the last 3 years. This is an improvement over the last 12 months

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.87% offered to property buyers. Sellers in Avenel itself are offering an average vendor discount of -8.67% to real estate investors.

In the last year 12 properties changed hands in Avenel, which puts it as the 691th most active market in VIC when comparing the number of sales per suburb.

Metrics i HOUSE UNIT
$225,000 N/A
-7.60% N/A
-10.00% N/A
2.22% N/A
N/A N/A
12 N/A
N/A N/A
142.81 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 1047
Median household income ($/weekly) 1022
Median age of persons 45
Median housing loan repayment ($/monthly) 1222
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 137 13.1
    35-44 years 136 13.0
    45-54 years 153 14.6
    55-64 years 189 18.1
    65-74 years 129 12.3
    Others 303 28.9
    Age Group
    Census Count Percent(%)
    Registered Married 394 54.5
    Not Married 242 33.5
    Defacto Relationship 87 12.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 874 91.7
    Papua New Guinea 12 1.3
    Philippines 6 0.6
    United Kingdom 37 3.9
    Other 12 1.3
    Others 12 1.3
    Country of Birth
    Census Count Percent(%)
    Christianity 616 68.3
    No Religion 269 29.8
    Other Religious Groups 9 1.0
    Buddhism 8 0.9
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 40 12.1
    $600-$799 35 10.6
    $1,000-$1,249 45 13.6
    $1,250-$1,499 38 11.5
    $1,500-$1,999 36 10.9
    Others 136 41.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 297 37.5
    Not in the labour force 292 36.9
    Employed, worked part-time 143 18.1
    Employed, away from work 40 5.1
    Unemployed, looking for work 19 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 101 21.0
    Professionals 75 15.6
    Technicians & trades workers 64 13.3
    Clerical & administrative workers 49 10.2
    Labourers 80 16.7
    Others 111 23.1
    Occupation
    Census Count Percent(%)
    Pre-school 19 9.4
    Infants/Primary 79 39.1
    Secondary 62 30.7
    Technical or Further Educational Institution 21 10.4
    University or other Tertiary Institutions 13 6.4
    Others 8 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 917 99.5
    Semi-detached, row or terrace house, townhouse 5 0.5
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 165 44.4
    Being purchased 129 34.7
    Rented 73 19.6
    Other tenure type 5 1.3
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals