Suburb Profile Report for Kilmore VIC (3764)

Kilmore House: Median price $332,750, Annual capital growth 2.68%, Number of sales 132, Weekly median advertised rent $315

Kilmore Unit: Median price $270,000, Annual capital growth 3.64%, Number of sales 30, Weekly median advertised rent $270

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Kilmore, 3764 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -1.41%.

If we look at median property appreciation over just the last three months, Kilmore has given property investors a paper return of -2.13%. This puts Suburb as 615 on a list of fastest fasting appreciating suburbs in VIC

LACK OF BUYER INTEREST may well be the reason that Kilmore is offering property investors an average of -6.03. This rate of discount on properties puts Suburb at number 316th in terms of most discounted suburbs in VIC

Residents and property investors in Kilmore have been waiting around 70.89 days to sell a property.

Property investors should expect to get $315 weekly from the median priced house in this suburb.

Investment property in Kilmore has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.22%

Comparing Kilmore,3764 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.12% offered to property buyers. Sellers in Kilmore itself are offering an average vendor discount of -3.89% to real estate investors.

With the median price for a house in Kilmore being $270000 and the advertised rent reaching $270 the gross rental yield for property investors calculates out to be 5.20%

HOUSE UNIT
$332,750 $270,000
-2.13% 0.19%
-1.41% 8.22%
2.68% 3.64%
$315 $270
132 30
4.92% 5.20%
70.89 124.25

Source: CoreLogic

DSR Score for property investment : Balanced (U), Good (H)
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Demographics
Total population 6677
Median household income ($/weekly) 1203
Median age of persons 37
Median housing loan repayment ($/monthly) 1627
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 1029 15.4
    25-34 years 704 10.5
    35-44 years 948 14.2
    45-54 years 943 14.1
    55-64 years 690 10.3
    Others 2364 35.4
    Age Group
    Census Count Percent(%)
    Registered Married 2350 51.3
    Not Married 1733 37.8
    Defacto Relationship 496 10.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 5633 87.6
    Croatia 50 0.8
    Papua New Guinea 78 1.2
    United Kingdom 263 4.1
    Other 83 1.3
    Others 320 5.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 49 0.8
    Christianity 4415 71.8
    Hinduism 19 0.3
    Other Religious Groups 35 0.6
    No Religion 1622 26.4
    Others 12 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 228 11.3
    $600-$799 231 11.4
    $1,250-$1,499 176 8.7
    $1,500-$1,999 300 14.8
    $2,000-$2,499 209 10.3
    Others 880 43.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1903 37.9
    Not in the labour force 1854 36.9
    Employed, worked part-time 898 17.9
    Employed, away from work 199 4.0
    Unemployed, looking for work 166 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 329 11.0
    Professionals 423 14.1
    Technicians & trades workers 543 18.1
    Community & personal service workers 340 11.3
    Clerical & administrative workers 457 15.2
    Others 908 30.3
    Occupation
    Census Count Percent(%)
    Pre-school 132 7.7
    Infants/Primary 646 37.5
    Secondary 632 36.7
    Technical or Further Educational Institution 131 7.6
    University or other Tertiary Institutions 137 8.0
    Others 44 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5631 92.4
    Semi-detached, row or terrace house, townhouse 186 3.1
    Flat, unit or apartment 217 3.6
    Caravan, cabin, houseboat 48 0.8
    House or flat attached to a shop, office 7 0.1
    Others 4 0.1
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1010 45.3
    Fully owned 700 31.4
    Rented 490 22.0
    Other tenure type 32 1.4
    Tenure Type
Census 2011, ABS
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