Suburb Profile Report for Longwarry VIC (3816)

Longwarry House: Median price $335,000, Annual capital growth 5.78%, Number of sales 51, Weekly median advertised rent $310

Longwarry Unit: Median price $268,750, Annual capital growth 0.32%, Number of sales 14, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 10.27% for the last 12 months, Longwarry, 3816 has performed for property investments than its average annual 5.78% property growth over the last 5 years.

Over the longer term, Longwarry has seen property prices show investors a 16.32% return over the last 3 years. This is worse than over the last 12 months

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 Longwarry, 3816. Typically our figures indicate that -3.29% is being offered, which puts this VIC suburb at 3501th most discounted overall in Australia.

On average over the past year, suburb has had 4.25 sales per month, which equates to 51 per year.

With the median price for a house in Longwarry being $335000 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 4.81%

Investment property in Longwarry has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.37%

Longwarry,3816 was ranked 783 in Australia by increase in median property value over the quarter.

Vendor discounting in Longwarry is giving property investors an average Vendor Discount of around -4.14%. This puts suburb at number 225th in VIC when ranking the most discounted suburbs.

Advertised rents are around the $280 mark per week – giving a return of 5.42% based on the median price in Suburb

HOUSE UNIT
$335,000 $268,750
3.88% 0.47%
10.27% 3.37%
5.78% 0.32%
$310 $280
51 14
4.81% 5.42%
79.68 62.8

Source: CoreLogic

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