Suburb Profile Report for Violet Town VIC (3669)

Violet Town House: Median price $232,500, Annual capital growth 4.49%, Number of sales 10, Weekly median advertised rent $238

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

Source: CoreLogic

  • House Report

Property value increases in Violet Town have tracked higher than the VIC average of 7.80% over the last 12 months.

Taking the average capital gain, or increase in median house value, Violet Town,3669 has racked up an average of 17.42% over the period. This ranks it number 2519th in the whole country for real estate investors looking at median house price increases.

A $237.5 per week rent on the median house gives suburb investors a gross yield of circa 5.31%, without taking into account capital value appreciation, which has been averaging out at 4.49%.

HOUSE UNIT
$232,500 N/A
8.14% N/A
17.42% N/A
4.49% N/A
$238 N/A
10 N/A
5.31% N/A
N/A N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (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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