Suburb Profile Report for Longwarry VIC (3816)

Longwarry House: Median price $335,000, Annual capital growth 5.22%, Number of sales 47, Weekly median advertised rent $310

Longwarry Unit: Median price $267,500, Annual capital growth 0.61%, Number of sales 13, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Longwarry, 3816 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 13.56%.

Longwarry,3816 has offered an average of 13.56% return per annum in house price rises to property investors over the last three years.

Longwarry3816 is located in VIC which offers an average discount of -5.99% to property investors. Longwarry itself is showing figures that indicate -3.05% is the average achievable by property buyers investing in the suburb.

Often selling an investment property can take time, and in Longwarry the average time real estate has been on the market is 81.21 days.

Renters in Suburb are facing rents around $3720 per annum or $310 every week.

If you compare the increase in value of investment property in Longwarry, 3816 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 2.88%.

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

LACK OF BUYER INTEREST may well be the reason that Longwarry is offering property investors an average of -5.33. This rate of discount on properties puts Suburb at number 255th in terms of most discounted suburbs in VIC

On average over the past year, suburb has had 1.08 sales per month, which equates to 13 per year.

HOUSE UNIT
$335,000 $267,500
4.12% -0.47%
13.56% 2.88%
5.22% 0.61%
$310 $280
47 13
4.81% 5.44%
81.21 97.91

Source: CoreLogic

DSR Score for property investment : Above average (H), Below average (U)
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Demographics
Total population 1437
Median household income ($/weekly) 1075
Median age of persons 35
Median housing loan repayment ($/monthly) 1517
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 193 13.4
    25-34 years 203 14.1
    35-44 years 194 13.5
    45-54 years 218 15.2
    55-64 years 149 10.4
    Others 480 33.4
    Age Group
    Census Count Percent(%)
    Registered Married 461 45.0
    Not Married 425 41.5
    Defacto Relationship 138 13.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 1175 88.9
    Indonesia 9 0.7
    Papua New Guinea 16 1.2
    United Kingdom 61 4.6
    Other 13 1.0
    Others 48 3.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 5 0.4
    Christianity 812 64.3
    Hinduism 4 0.3
    Other Religious Groups 10 0.8
    No Religion 429 34.0
    Others 3 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 59 13.1
    $800-$999 53 11.8
    $1,000-$1,249 48 10.7
    $1,250-$1,499 48 10.7
    $1,500-$1,999 68 15.1
    Others 174 38.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 426 40.3
    Not in the labour force 348 33.0
    Employed, worked part-time 210 19.9
    Unemployed, looking for work 42 4.0
    Employed, away from work 30 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 81 12.2
    Technicians & trades workers 122 18.4
    Clerical & administrative workers 78 11.7
    Machinery operators & drivers 75 11.3
    Labourers 122 18.4
    Others 186 28.0
    Occupation
    Census Count Percent(%)
    Pre-school 34 11.3
    Infants/Primary 124 41.3
    Secondary 73 24.3
    Technical or Further Educational Institution 38 12.7
    University or other Tertiary Institutions 22 7.3
    Others 9 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1283 96.4
    Semi-detached, row or terrace house, townhouse 33 2.5
    Flat, unit or apartment 12 0.9
    House or flat attached to a shop, office 3 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 250 50.3
    Fully owned 153 30.8
    Rented 88 17.7
    Other tenure type 6 1.2
    Tenure Type
Census 2011, ABS
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Recent sales & rentals