Suburb Profile Report for Rutherglen VIC (3685)

Rutherglen House: Median price $240,000, Annual capital growth 1.70%, Number of sales 32, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report

Giving property investors a an average capital gain of 4.35% for the last year, Rutherglen, 3685 is the 2055th highest performer in Australia in this respect.

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

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Rutherglen, 3685. Typically our figures indicate that -9.73% is being offered, which puts this VIC suburb at 391th most discounted overall in Australia.

A $250 per week rent on the median house gives suburb investors a gross yield of circa 5.42%, without taking into account capital value appreciation, which has been averaging out at 1.70%.

HOUSE UNIT
$240,000 N/A
-2.04% N/A
4.35% N/A
1.70% N/A
$250 N/A
32 N/A
5.42% N/A
153.5 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
Find a mortgage broker in Rutherglen VIC
Demographics
Total population 2479
Median household income ($/weekly) 962
Median age of persons 44
Median housing loan repayment ($/monthly) 1331
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 307 12.4
    35-44 years 315 12.7
    45-54 years 352 14.2
    55-64 years 402 16.2
    65-74 years 256 10.3
    Others 848 34.2
    Age Group
    Census Count Percent(%)
    Registered Married 929 51.7
    Not Married 671 37.3
    Defacto Relationship 197 11.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 2215 93.0
    Greece 11 0.5
    New Zealand 18 0.8
    Papua New Guinea 35 1.5
    United Kingdom 72 3.0
    Others 30 1.3
    Country of Birth
    Census Count Percent(%)
    Christianity 1703 74.4
    No Religion 565 24.7
    Buddhism 16 0.7
    Other Religious Groups 5 0.2
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 96 10.9
    $400-$599 109 12.4
    $600-$799 115 13.1
    $1,000-$1,249 96 10.9
    $1,500-$1,999 115 13.1
    Others 349 39.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 741 37.7
    Employed, worked full-time 706 36.0
    Employed, worked part-time 360 18.3
    Employed, away from work 107 5.5
    Unemployed, looking for work 49 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 191 16.2
    Professionals 167 14.2
    Technicians & trades workers 154 13.1
    Clerical & administrative workers 135 11.5
    Labourers 232 19.7
    Others 298 25.3
    Occupation
    Census Count Percent(%)
    Pre-school 42 8.0
    Infants/Primary 201 38.1
    Secondary 167 31.7
    Technical or Further Educational Institution 54 10.2
    University or other Tertiary Institutions 50 9.5
    Others 13 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2083 91.7
    Semi-detached, row or terrace house, townhouse 86 3.8
    Flat, unit or apartment 79 3.5
    House or flat attached to a shop, office 24 1.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 379 39.2
    Being purchased 339 35.1
    Rented 242 25.1
    Other tenure type 6 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals