Suburb Profile Report for Endeavour Hills VIC (3802)

Endeavour Hills House: Median price $550,750, Annual capital growth 7.57%, Number of sales 298, Weekly median advertised rent $370

Endeavour Hills Unit: Median price $395,000, Annual capital growth 4.40%, Number of sales 28, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property investors who have had real estate in Endeavour Hills, 3802 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 10.15%

Endeavour Hills,3802 has offered an average of 10.15% return per annum in house price rises to property investors over the last three years.

Our latest figures would indicate that property sellers in Endeavour Hills are currently offering property investors an average price cut of -3.94% below the asking price at the moment.

Over the last year, property investments in Endeavour Hills, 3802 have given investors a capital gain of -0.25%. This compares badly with the 2.98% for VIC as a whole.

A 20.61% growth in median value for property investors in Endeavour Hills,3802 puts this suburb at number 244th in terms of best performing suburbs in VIC

Property investors looking for a bargain in Endeavour Hills should be aiming for at least -1.56% off the asking price, which is the average vendor discount being achieved at the moment.

At number 1 in a list of fastest selling suburbs, Endeavour Hills is in the TOP 10% of suburbs in Australia with an average of days on market 15.08 for properties listed there.

A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.61%, without taking into account capital value appreciation, which has been averaging out at 4.40%.

YIP MAG Information supplied by:

YIP MAG
October 2015

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Endeavour Hills comprises more than 24,000 people and has an impressive line-up of features to accommodate their needsFull summary Endeavour Hills comprises more than 24,000 people and has an impressive line-up of features to accommodate their needs

These include the Endeavour Hills Shopping Centre, medical centres, childcare centres and great schools that make the suburb a good choice for families looking to escape the hustle and bustle of the Melbourne CBD, which is 31km away.

The popularity of Endeavour Hills is shown by its vacancy rate of 0.84% and the fact that houses typically spend just 43 days on the market, according
to CoreLogic RP Data.

This tight demand has no doubt helped prices rise by a decent 8% in the past 12 months.

Three-bedroom houses in the vicinity of Peebles Street are a good buy for families.

Expect to pay around the median price for these properties, which have the added bonus of being close to public transport, Endeavour Hills Shopping Centre and two primary schools.Close
Metrics i HOUSE UNIT
$550,750 $395,000
2.85% -0.50%
10.15% -0.25%
7.57% 4.40%
$370 $350
298 28
3.49% 4.61%
36.95 15.08

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 24574
Median household income ($/weekly) 1321
Median age of persons 36
Median housing loan repayment ($/monthly) 1651
Average household size 3.1
  • Census Count Percent(%)
    5-14 years 3180 12.9
    25-34 years 3327 13.5
    35-44 years 3168 12.9
    45-54 years 3923 16.0
    55-64 years 3284 13.4
    Others 7692 31.3
    Age Group
    Census Count Percent(%)
    Registered Married 10429 54.8
    Not Married 7673 40.3
    Defacto Relationship 922 4.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 11926 50.6
    Indonesia 1041 4.4
    Sri Lanka 1293 5.5
    United Kingdom 679 2.9
    Other 3198 13.6
    Others 5419 23.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 1338 5.8
    Christianity 15049 65.3
    Hinduism 782 3.4
    Islam 2278 9.9
    No Religion 3292 14.3
    Others 304 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 666 9.6
    $1,000-$1,249 757 11.0
    $1,250-$1,499 680 9.8
    $1,500-$1,999 1064 15.4
    $2,000-$2,499 807 11.7
    Others 2934 42.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 7586 39.4
    Not in the labour force 6637 34.5
    Employed, worked part-time 3437 17.9
    Unemployed, looking for work 843 4.4
    Employed, away from work 740 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1944 16.5
    Technicians & trades workers 1922 16.3
    Clerical & administrative workers 1846 15.7
    Sales 1274 10.8
    Labourers 1333 11.3
    Others 3443 29.3
    Occupation
    Census Count Percent(%)
    Pre-school 348 5.6
    Infants/Primary 1891 30.6
    Secondary 1898 30.7
    Technical or Further Educational Institution 678 11.0
    University or other Tertiary Institutions 1116 18.1
    Others 250 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 23041 96.8
    Semi-detached, row or terrace house, townhouse 652 2.7
    Flat, unit or apartment 103 0.4
    House or flat attached to a shop, office 8 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 3537 46.7
    Fully owned 2669 35.2
    Rented 1333 17.6
    Other tenure type 38 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals