Suburb Profile Report for Violet Town VIC (3669)

Violet Town House: Median price $230,750, Annual capital growth 3.23%, Number of sales 17, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report

Violet Town is in the bottom 20% in VIC when comparing median price capital growth over the last year. Violet Town gave property investors a dismal capital gain figure when compared to the rest of the state, with 0.33%.

Comparing Violet Town,3669 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Our latest figures would indicate that property sellers in Violet Town are currently offering property investors an average price cut of -6.95% below the asking price at the moment.

At number 3454 in a list of fastest selling suburbs, Violet Town is in the bottom 10% of suburbs in Australia with an average of days on market 133 for properties listed there.

Metrics i HOUSE UNIT
$230,750 N/A
-6.10% N/A
0.33% N/A
3.23% N/A
N/A N/A
17 N/A
N/A N/A
133 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 1084
Median household income ($/weekly) 807
Median age of persons 53
Median housing loan repayment ($/monthly) 1083
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 106 9.8
    35-44 years 102 9.4
    45-54 years 149 13.8
    55-64 years 199 18.4
    65-74 years 165 15.2
    Others 362 33.4
    Age Group
    Census Count Percent(%)
    Registered Married 385 49.8
    Not Married 309 40.0
    Defacto Relationship 79 10.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 941 89.6
    Greece 8 0.8
    New Zealand 9 0.9
    Papua New Guinea 12 1.1
    United Kingdom 54 5.1
    Others 26 2.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 15 1.5
    Christianity 654 65.9
    Islam 4 0.4
    Other Religious Groups 5 0.5
    No Religion 309 31.1
    Others 6 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 63 16.4
    $600-$799 62 16.1
    $800-$999 46 11.9
    $1,000-$1,249 38 9.9
    $1,500-$1,999 38 9.9
    Others 138 35.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 394 44.5
    Employed, worked full-time 245 27.7
    Employed, worked part-time 195 22.0
    Employed, away from work 33 3.7
    Unemployed, looking for work 19 2.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 113 23.7
    Professionals 83 17.4
    Technicians & trades workers 73 15.3
    Community & personal service workers 44 9.2
    Labourers 58 12.2
    Others 105 22.1
    Occupation
    Census Count Percent(%)
    Pre-school 17 9.7
    Infants/Primary 72 41.1
    Secondary 55 31.4
    Technical or Further Educational Institution 13 7.4
    University or other Tertiary Institutions 12 6.9
    Others 6 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 947 99.1
    Flat, unit or apartment 3 0.3
    Caravan, cabin, houseboat 3 0.3
    Improvised home, tent, sleepers out 3 0.3
    Semi-detached, row or terrace house, townhouse 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 223 52.5
    Being purchased 131 30.8
    Rented 64 15.1
    Other tenure type 7 1.6
    Tenure Type
Census 2011, ABS
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