Suburb Profile Report for Officer VIC (3809)

Officer House: Median price $422,250, Annual capital growth 4.14%, Number of sales 176, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report

Officer is in the TOP 10% in VIC when comparing median price capital growth over the last year. Officer gave property investors a very good capital gain figure when compared to the rest of the state, with 24.19%.

A 6.90% growth in median value for property investors in Officer,3809 puts this suburb at number 82th in terms of best performing suburbs in VIC

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Officer, 3809. Typically our figures indicate that -15.79% is being offered, which puts this VIC suburb at 45th most discounted overall in Australia.

At number 1111 in a list of fastest selling suburbs, Officer is in the TOP 30% of suburbs in Australia with an average of days on market 65.35 for properties listed there.

A $380 per week rent on the median house gives suburb investors a gross yield of circa 4.68%, without taking into account capital value appreciation, which has been averaging out at 4.14%.

HOUSE UNIT
$422,250 N/A
6.90% N/A
24.19% N/A
4.14% N/A
$380 N/A
176 N/A
4.68% N/A
65.35 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Below average (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