Suburb Profile Report for Bunyip VIC (3815)

Bunyip House: Median price $420,000, Annual capital growth 5.07%, Number of sales 28, Weekly median advertised rent $350

Bunyip Unit: Median price $349,000, Annual capital growth N/A, 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

Property investors who have had real estate in Bunyip, 3815 should be 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 19.15%

Bunyip,3815 has offered an average of 19.15% return per annum in house price rises to property investors over the last three years.

Property buyers and investors in Bunyip 3815 should be seeing an average reduction in asking price of around -4.38% . This means that Bunyip is holding prices well when compared to other suburbs in VIC.

A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.33%, without taking into account capital value appreciation, which has been averaging out at 5.07%.

Metrics i HOUSE UNIT
$420,000 $349,000
11.41% N/A
19.15% N/A
5.07% N/A
$350 N/A
28 11
4.33% N/A
83.04 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 2232
Median household income ($/weekly) 1262
Median age of persons 40
Median housing loan repayment ($/monthly) 1500
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 367 16.4
    25-34 years 177 7.9
    35-44 years 320 14.3
    45-54 years 359 16.1
    55-64 years 249 11.2
    Others 760 34.1
    Age Group
    Census Count Percent(%)
    Registered Married 896 57.0
    Not Married 543 34.6
    Defacto Relationship 132 8.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 1913 89.8
    Japan 14 0.7
    New Zealand 15 0.7
    Papua New Guinea 16 0.8
    United Kingdom 114 5.4
    Others 58 2.7
    Country of Birth
    Census Count Percent(%)
    Christianity 1400 68.1
    No Religion 634 30.9
    Buddhism 15 0.7
    Islam 3 0.1
    Other Religious Groups 3 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 72 10.9
    $600-$799 73 11.1
    $1,250-$1,499 83 12.6
    $1,500-$1,999 104 15.8
    $2,000-$2,499 65 9.9
    Others 261 39.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 652 39.2
    Not in the labour force 564 33.9
    Employed, worked part-time 341 20.5
    Employed, away from work 67 4.0
    Unemployed, looking for work 38 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 128 12.1
    Professionals 121 11.4
    Technicians & trades workers 224 21.1
    Clerical & administrative workers 169 15.9
    Labourers 116 10.9
    Others 304 28.6
    Occupation
    Census Count Percent(%)
    Pre-school 39 6.8
    Infants/Primary 251 43.7
    Secondary 181 31.5
    Technical or Further Educational Institution 49 8.5
    University or other Tertiary Institutions 45 7.8
    Others 10 1.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1989 94.9
    Flat, unit or apartment 103 4.9
    House or flat attached to a shop, office 3 0.1
    Semi-detached, row or terrace house, townhouse 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 349 48.3
    Fully owned 266 36.8
    Rented 99 13.7
    Other tenure type 8 1.1
    Tenure Type
Census 2011, ABS
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