Suburb Profile Report for The Patch VIC (3792)

The Patch House: Median price $505,000, Annual capital growth 7.23%, Number of sales 11, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report

Giving property investors a an unimpressive capital gain of 1.51% for the last year, The Patch, 3792 is the 2613th highest performer in Australia in this respect.

Taking the average capital gain, or increase in median house value, The Patch,3792 has racked up an average of 1.51% over the period. This ranks it number 1649th in the whole country for real estate investors looking at median house price increases.

The Patch3792 is located in VIC which offers an average discount of -6.04% to property investors. The Patch itself is showing figures that indicate -7.53% is the average achievable by property buyers investing in the suburb.

HOUSE UNIT
$505,000 N/A
0.40% N/A
1.51% N/A
7.23% N/A
N/A N/A
11 N/A
N/A N/A
38 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 1039
Median household income ($/weekly) 1622
Median age of persons 44
Median housing loan repayment ($/monthly) 1500
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 147 14.2
    35-44 years 152 14.6
    45-54 years 187 18.0
    55-64 years 180 17.3
    65-74 years 84 8.1
    Others 288 27.7
    Age Group
    Census Count Percent(%)
    Registered Married 443 56.9
    Not Married 266 34.2
    Defacto Relationship 69 8.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 847 83.4
    Greece 13 1.3
    New Zealand 16 1.6
    United Kingdom 74 7.3
    Other 18 1.8
    Others 48 4.7
    Country of Birth
    Census Count Percent(%)
    Christianity 476 51.7
    No Religion 416 45.2
    Buddhism 22 2.4
    Other Religious Groups 7 0.8
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 29 9.2
    $800-$999 30 9.5
    $1,500-$1,999 51 16.1
    $2,000-$2,499 36 11.4
    $2,500-$2,999 40 12.7
    Others 130 41.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 331 40.0
    Not in the labour force 247 29.9
    Employed, worked part-time 210 25.4
    Employed, away from work 28 3.4
    Unemployed, looking for work 11 1.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 87 15.4
    Professionals 157 27.7
    Technicians & trades workers 103 18.2
    Clerical & administrative workers 63 11.1
    Sales 48 8.5
    Others 108 19.1
    Occupation
    Census Count Percent(%)
    Pre-school 20 7.2
    Infants/Primary 102 37.0
    Secondary 79 28.6
    Technical or Further Educational Institution 28 10.1
    University or other Tertiary Institutions 44 15.9
    Others 3 1.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 991 99.1
    Semi-detached, row or terrace house, townhouse 5 0.5
    Flat, unit or apartment 4 0.4
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 165 47.0
    Fully owned 149 42.5
    Rented 37 10.5
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals