Suburb Profile Report for Mount Evelyn VIC (3796)

Mount Evelyn House: Median price $573,750, Annual capital growth 7.63%, Number of sales 137, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report

Mount Evelyn has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 9.29% to date .

The five-year average increase in median property values for Mount Evelyn,3796 has given property investors a potential capital gain of 43.44% across each of those five years.

Property investors looking for a bargain in Mount Evelyn should be aiming for at least -4.20% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 11.42 sales per month, which equates to 137 per year.

A $370 per week rent on the median house gives suburb investors a gross yield of circa 3.35%, without taking into account capital value appreciation, which has been averaging out at 7.63%.

Metrics i HOUSE UNIT
$573,750 N/A
2.46% N/A
9.29% N/A
7.63% N/A
$370 N/A
137 N/A
3.35% N/A
32.61 N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Very good (U)
Find a mortgage broker in Mount Evelyn VIC
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
Chart Table
Recent sales & rentals