Suburb Profile Report for Emerald VIC (3782)

Emerald House: Median price $575,000, Annual capital growth 6.23%, Number of sales 73, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report
  • Expert Report

At number 527th in the list of Australian suburbs ordered by increase in median house value over the last year, Emerald, 3782 is in the top 20% with a property value increase of 16.16% recorded in median house prices.

Comparing Emerald,3782 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

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 Emerald, 3782. Typically our figures indicate that -3.14% is being offered, which puts this VIC suburb at 3545th most discounted overall in Australia.

Renters in Suburb are facing rents around $5040 per annum or $420 every week.

Mark Yusuf Information supplied by:

Mark Yusuf
Harcourts Essential Real Estate

M 97546000
O 0419521065

W http://markyusuf.harcourts.com.au/
E MARK.YUSUF@HARCOURTS.COM.AU
Emerald is a town offering semi rural lifestyle situated approx 44km from the c.b.d. The population as of 2011 census was 5.800. The main attraction is puffing billy and emerald lake, the annual puffing billy great train race occurs every 12 months.Full summary
Emerald is a town offering semi rural lifestyle situated approx 44km from the c.b.d. The population as of 2011 census was 5.800. The main attraction is puffing billy and emerald lake, the annual puffing billy great train race occurs every 12 months.
 
Selling points: 
Excellent lifestyle , numerous parks and attractions, emerald lake park.
 
Most sought-after properties: 
Contemporary homes mixed with character cottages and timber homes 
 
Most common properties:  
Quaint timber cottages
 
Top amenities: 
Parks, gardens gymnasium, cafes and retailshops.
 
Local industry and business:
Primarily tourist and retail businesses
 
Recent changes: 
New police station being built, gemco players hall.
 
Best streets: 
Emerald Monbulk road, lakeside drive, emerald lake road
 
Public transport: buses
 
Main arteries: Wellington rd with direct access to eastlink and monash freeway
Close
Metrics i HOUSE UNIT
$575,000 N/A
2.68% N/A
16.16% N/A
6.23% N/A
$420 N/A
73 N/A
3.80% N/A
49.66 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Very good (H)
Find a mortgage broker in Emerald VIC
Demographics
Total population 5812
Median household income ($/weekly) 1419
Median age of persons 41
Median housing loan repayment ($/monthly) 1643
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 829 14.3
    25-34 years 478 8.2
    35-44 years 861 14.8
    45-54 years 941 16.2
    55-64 years 889 15.3
    Others 1814 31.2
    Age Group
    Census Count Percent(%)
    Registered Married 2363 55.2
    Not Married 1487 34.7
    Defacto Relationship 433 10.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 4589 81.5
    New Zealand 80 1.4
    Papua New Guinea 60 1.1
    United Kingdom 556 9.9
    Other 106 1.9
    Others 243 4.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 60 1.1
    Christianity 2850 54.2
    Islam 22 0.4
    Other Religious Groups 28 0.5
    No Religion 2287 43.5
    Others 7 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 168 9.4
    $1,250-$1,499 160 8.9
    $1,500-$1,999 308 17.2
    $2,000-$2,499 196 11.0
    $2,500-$2,999 162 9.1
    Others 795 44.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1759 38.8
    Not in the labour force 1446 31.9
    Employed, worked part-time 1031 22.7
    Employed, away from work 161 3.6
    Unemployed, looking for work 136 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 368 12.5
    Professionals 596 20.2
    Technicians & trades workers 561 19.0
    Community & personal service workers 261 8.8
    Clerical & administrative workers 402 13.6
    Others 765 25.9
    Occupation
    Census Count Percent(%)
    Pre-school 116 7.7
    Infants/Primary 542 36.1
    Secondary 492 32.8
    Technical or Further Educational Institution 142 9.5
    University or other Tertiary Institutions 157 10.5
    Others 51 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5424 98.9
    Flat, unit or apartment 31 0.6
    Semi-detached, row or terrace house, townhouse 22 0.4
    Caravan, cabin, houseboat 3 0.1
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1054 53.5
    Fully owned 702 35.7
    Rented 201 10.2
    Other tenure type 12 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals