Suburb Profile Report for Kalorama VIC (3766)

Kalorama House: Median price $515,000, Annual capital growth 5.70%, Number of sales 25, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report

Kalorama is in the bottom 30% in VIC when comparing median price capital growth over the last year. Kalorama gave property investors a disappointing capital gain figure when compared to the rest of the state, with 4.04%.

While Kalorama,3766 ranked number 598th in VIC for increase in median house value (annualised) increase, it is ranked 434th over the last 5 years.

The most recent median price for Kalorama is $515000, with sellers offering an average of -6.48% off the asking price.

Often selling an investment property can take time, and in Kalorama the average time real estate has been on the market is 46.12 days.

A $450 per week rent on the median house gives suburb investors a gross yield of circa 4.54%, without taking into account capital value appreciation, which has been averaging out at 5.70%.

Metrics i HOUSE UNIT
$515,000 N/A
-2.11% N/A
4.04% N/A
5.70% N/A
$450 N/A
25 N/A
4.54% N/A
46.12 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 1208
Median household income ($/weekly) 1535
Median age of persons 40
Median housing loan repayment ($/monthly) 1821
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 142 11.8
    25-34 years 127 10.5
    35-44 years 211 17.5
    45-54 years 185 15.3
    55-64 years 183 15.1
    Others 360 29.8
    Age Group
    Census Count Percent(%)
    Registered Married 476 53.7
    Not Married 319 36.0
    Defacto Relationship 92 10.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 917 80.2
    Greece 16 1.4
    Papua New Guinea 16 1.4
    United Kingdom 113 9.9
    Other 36 3.1
    Others 45 3.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 14 1.3
    Christianity 537 50.0
    Islam 6 0.6
    Other Religious Groups 13 1.2
    No Religion 499 46.4
    Others 6 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 34 8.7
    $1,250-$1,499 36 9.2
    $1,500-$1,999 62 15.9
    $2,000-$2,499 45 11.5
    $2,500-$2,999 47 12.1
    Others 166 42.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 418 45.3
    Not in the labour force 234 25.4
    Employed, worked part-time 219 23.7
    Employed, away from work 30 3.3
    Unemployed, looking for work 22 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 105 15.9
    Professionals 191 28.9
    Technicians & trades workers 106 16.0
    Community & personal service workers 63 9.5
    Clerical & administrative workers 76 11.5
    Others 120 18.2
    Occupation
    Census Count Percent(%)
    Pre-school 23 8.2
    Infants/Primary 95 33.9
    Secondary 72 25.7
    Technical or Further Educational Institution 32 11.4
    University or other Tertiary Institutions 48 17.1
    Others 10 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1130 99.7
    House or flat attached to a shop, office 3 0.3
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 250 56.1
    Fully owned 166 37.2
    Rented 27 6.1
    Other tenure type 3 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals