Suburb Profile Report for Mount Evelyn VIC (3796)

Mount Evelyn House: Median price $550,000, Annual capital growth 7.33%, Number of sales 126, Weekly median advertised rent $360

Mount Evelyn Unit: Median price $417,120, Annual capital growth 4.67%, 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
  • Unit Report

Giving property investors a a stable capital gain of 11.31% for the last year, Mount Evelyn, 3796 is the 885th highest performer in Australia in this respect.

If we look at median property appreciation over just the last three months, Mount Evelyn has given property investors a paper return of 2.61%. This puts Suburb as 315 on a list of fastest fasting appreciating suburbs in VIC

LACK OF BUYER INTEREST may well be the reason that Mount Evelyn is offering property investors an average of -6.03. This rate of discount on properties puts Suburb at number 396th in terms of most discounted suburbs in VIC

In the last year 126 properties changed hands in Mount Evelyn, which puts it as the 199th most active market in VIC when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $4320 per annum or $360 every week.

Investment property in Mount Evelyn has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.22%

Vendor discounting in Mount Evelyn is giving property investors an average Vendor Discount of around -1.19%. This puts suburb at number 318th in VIC when ranking the most discounted suburbs.

At number 78 in a list of fastest selling suburbs, Mount Evelyn is in the TOP 10% of suburbs in Australia with an average of days on market 38.18 for properties listed there.

HOUSE UNIT
$550,000 $417,120
2.61% N/A
11.31% -4.22%
7.33% 4.67%
$360 N/A
126 11
3.40% N/A
35.53 38.18

Source: CoreLogic

DSR Score for property investment : Good (U), Very good (H)
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Demographics
Total population 9375
Median household income ($/weekly) 1418
Median age of persons 36
Median housing loan repayment ($/monthly) 1651
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 1451 15.5
    25-34 years 1149 12.3
    35-44 years 1439 15.4
    45-54 years 1451 15.5
    55-64 years 1090 11.6
    Others 2794 29.8
    Age Group
    Census Count Percent(%)
    Registered Married 3584 52.3
    Not Married 2523 36.8
    Defacto Relationship 741 10.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 7800 85.8
    New Zealand 153 1.7
    Papua New Guinea 76 0.8
    United Kingdom 605 6.7
    Other 100 1.1
    Others 358 3.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 89 1.0
    Christianity 5070 59.7
    Hinduism 7 0.1
    Other Religious Groups 54 0.6
    No Religion 3261 38.4
    Others 7 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 247 8.9
    $1,000-$1,249 279 10.1
    $1,250-$1,499 294 10.6
    $1,500-$1,999 514 18.6
    $2,000-$2,499 321 11.6
    Others 1108 40.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3006 42.6
    Not in the labour force 1909 27.1
    Employed, worked part-time 1627 23.1
    Employed, away from work 301 4.3
    Unemployed, looking for work 211 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 516 10.5
    Professionals 773 15.7
    Technicians & trades workers 1087 22.0
    Clerical & administrative workers 726 14.7
    Labourers 494 10.0
    Others 1334 27.1
    Occupation
    Census Count Percent(%)
    Pre-school 203 8.0
    Infants/Primary 930 36.5
    Secondary 799 31.3
    Technical or Further Educational Institution 281 11.0
    University or other Tertiary Institutions 248 9.7
    Others 90 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8738 96.9
    Semi-detached, row or terrace house, townhouse 194 2.2
    Flat, unit or apartment 73 0.8
    House or flat attached to a shop, office 10 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1802 58.5
    Fully owned 907 29.4
    Rented 336 10.9
    Other tenure type 36 1.2
    Tenure Type
Census 2011, ABS
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