Suburb Profile Report for Mansfield VIC (3722)

Mansfield House: Median price $365,000, Annual capital growth 3.82%, Number of sales 77, Weekly median advertised rent $300

Mansfield Unit: Median price $297,500, Annual capital growth 3.34%, Number of sales 17, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

Mansfield has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 4.73% to date .

Over the longer term, Mansfield has seen property prices show investors a 7.35% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -5.99% to buyers in Mansfield at the moment, which is less than average for the rest of VIC.

Property investors who have had real estate in Mansfield, 3722 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 12.26%

While Mansfield,3722 ranked number 330th in VIC for increase in median house value (annualised) increase, it is ranked 12th over the last 5 years.

Property buyers and investors in Mansfield 3722 should be seeing an average reduction in asking price of around -3.70% . This means that Mansfield is holding prices well when compared to other suburbs in VIC.

Mansfield, 3722’s gross rental yield is 5.24%

HOUSE UNIT
$365,000 $297,500
-2.67% -5.56%
4.73% 12.26%
3.82% 3.34%
$300 $300
77 17
4.27% 5.24%
111.55 71.7

Source: CoreLogic

DSR Score for property investment : Below average (U), Above average (H)
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Demographics
Total population 4359
Median household income ($/weekly) 920
Median age of persons 44
Median housing loan repayment ($/monthly) 1300
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 515 11.8
    35-44 years 519 11.9
    45-54 years 687 15.8
    55-64 years 626 14.4
    65-74 years 446 10.2
    Others 1567 35.9
    Age Group
    Census Count Percent(%)
    Registered Married 1544 50.1
    Not Married 1231 39.9
    Defacto Relationship 307 10.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 3812 90.8
    Greece 47 1.1
    Papua New Guinea 43 1.0
    United Kingdom 155 3.7
    Other 43 1.0
    Others 96 2.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 28 0.7
    Christianity 2800 69.8
    Judaism 8 0.2
    Other Religious Groups 16 0.4
    No Religion 1152 28.7
    Others 8 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 150 9.7
    $400-$599 210 13.6
    $600-$799 180 11.7
    $800-$999 176 11.4
    $1,500-$1,999 201 13.1
    Others 622 40.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1210 35.3
    Not in the labour force 1200 35.0
    Employed, worked part-time 835 24.4
    Employed, away from work 135 3.9
    Unemployed, looking for work 45 1.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 329 15.1
    Professionals 294 13.5
    Technicians & trades workers 419 19.2
    Community & personal service workers 250 11.5
    Labourers 255 11.7
    Others 634 29.1
    Occupation
    Census Count Percent(%)
    Pre-school 79 9.3
    Infants/Primary 310 36.3
    Secondary 290 34.0
    Technical or Further Educational Institution 91 10.7
    University or other Tertiary Institutions 45 5.3
    Others 38 4.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3607 90.6
    Semi-detached, row or terrace house, townhouse 273 6.9
    Flat, unit or apartment 67 1.7
    Caravan, cabin, houseboat 11 0.3
    House or flat attached to a shop, office 14 0.4
    Others 9 0.2
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 655 40.4
    Being purchased 535 33.0
    Rented 415 25.6
    Other tenure type 17 1.0
    Tenure Type
Census 2011, ABS
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