Suburb Profile Report for Officer VIC (3809)

Officer House: Median price $420,000, Annual capital growth 4.07%, Number of sales 201, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report

Officer, 3809 ranked 13th in VIC when comparing growth in median property values or capital gain over the last 12 months. Officer is one of 2098 in our list for VIC

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Officer has increased when compared to the 5 year average annual rate.

Vendor discounting in Officer is giving property investors an average Vendor Discount of around -19.76%. This puts suburb at number 3rd in VIC when ranking the most discounted suburbs.

On average over the past year, suburb has had 16.75 sales per month, which equates to 201 per year.

With the median price for a house in Officer being $420000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 4.70%

Metrics i HOUSE UNIT
$420,000 N/A
5.40% N/A
33.33% N/A
4.07% N/A
$380 N/A
201 N/A
4.70% N/A
60.21 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 1760
Median household income ($/weekly) 1752
Median age of persons 31
Median housing loan repayment ($/monthly) 2080
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 251 14.3
    25-34 years 314 17.8
    35-44 years 238 13.5
    45-54 years 237 13.5
    55-64 years 210 11.9
    Others 511 29.0
    Age Group
    Census Count Percent(%)
    Registered Married 645 49.8
    Not Married 461 35.6
    Defacto Relationship 190 14.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1377 81.8
    Papua New Guinea 22 1.3
    Sri Lanka 18 1.1
    United Kingdom 104 6.2
    Other 36 2.1
    Others 126 7.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 19 1.2
    Christianity 1074 67.5
    Hinduism 10 0.6
    Islam 14 0.9
    No Religion 465 29.2
    Others 8 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 44 8.1
    $1,250-$1,499 50 9.2
    $1,500-$1,999 99 18.3
    $2,000-$2,499 101 18.7
    $2,500-$2,999 55 10.2
    Others 192 35.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 666 50.0
    Not in the labour force 303 22.8
    Employed, worked part-time 281 21.1
    Employed, away from work 51 3.8
    Unemployed, looking for work 30 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 140 14.1
    Professionals 169 17.0
    Technicians & trades workers 192 19.3
    Clerical & administrative workers 173 17.4
    Labourers 92 9.2
    Others 229 23.0
    Occupation
    Census Count Percent(%)
    Pre-school 37 8.2
    Infants/Primary 138 30.7
    Secondary 159 35.4
    Technical or Further Educational Institution 47 10.5
    University or other Tertiary Institutions 51 11.4
    Others 17 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1583 94.6
    Semi-detached, row or terrace house, townhouse 81 4.8
    Flat, unit or apartment 10 0.6
    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 336 56.5
    Fully owned 148 24.9
    Rented 108 18.2
    Other tenure type 3 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals