Suburb Profile Report for Churchill VIC (3842)

Churchill House: Median price $180,000, Annual capital growth 3.69%, Number of sales 66, Weekly median advertised rent $210

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

Source: CoreLogic

  • House Report
  • Expert Report

With a capital gain of 4.58% for the last 12 months, Churchill, 3842 has performed for property investments than its average annual 3.69% property growth over the last 5 years.

Comparing Churchill,3842 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Our latest figures would indicate that property sellers in Churchill are currently offering property investors an average price cut of -8.16% below the asking price at the moment.

A $210 per week rent on the median house gives suburb investors a gross yield of circa 6.07%, without taking into account capital value appreciation, which has been averaging out at 3.69%.

Michael Ray Information supplied by:

Michael Ray
Rennie Property Sales

M 0351337900
O 0412113134

W http://www.renniepropertysales.com.au/
E michael@renniepropertysales.com.au
Churchill is a town off approx 6000 residents located only 7 minutes drive from the mail town centre of Morwell.

The town is made up of circa 1970s homes to brand new homes in impressive new estates.

The town is serviced by the federation university which provides for a large number of students looking for rental accommodation .

This in turn provides for better than average returns on investments. High schools and primary schools are situated throughout the town.Full summary
Churchill is a town off approx 6000 residents located only 7 minutes drive from the mail town centre of Morwell.
 
The town is made up of circa 1970s homes to brand new homes in impressive new estates.
 
The town is serviced by the federation university which provides for a large number of students looking for rental accommodation .
 
This in turn provides for better than average returns on investments. High schools and primary schools are situated throughout the town.
 
As are all major sporting facilities,buses are regular both intertown and regular services to Morwell and Traralgon
 
Churchill is in the TOP 20% in VIC when comparing median price capital growth over the last year. Churchill gave property investors a very good capital gain figure when compared to the rest of the state, with 6.06%.
 
Taking the average capital gain, or increase in median house value, Churchill,3842 has racked up an average of 6.06% over the period. This ranks it number 1116th in the whole country for real estate investors looking at median house price increases.
 
Property buyers and investors in Churchill 3842 should be seeing an average reduction in asking price of around -7.99% . This means that Churchill is holding prices well when compared to other suburbs in VIC.
 
The VIC suburb of Churchill, 3842 is in the Latrobe local government area.
 
Selling points: great town to invest with the local university being a major supplier of tenants
 
Most sort after properties:  investment properties offering great returns
 
Most common properties:  3 bedroom brick veneer properties
 
Top amenities: University, full shopping centre, doctors, 2 major supermarkets, KFC.
 
Local industry and business: Power industry , APM paper mills, National foods yoghurt factory, Latrobe regional hospital
 
Best streets: Manning Drive, Cantebury Way, Switchback Road
 
Public transport: school buses and intertown buses
 
Main arteries: Monash Way
Close
HOUSE UNIT
$180,000 N/A
0.00% N/A
4.58% N/A
3.69% N/A
$210 N/A
66 N/A
6.07% N/A
119.55 N/A

Source: CoreLogic

DSR Score for property investment : Below average (U), Balanced (H)
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Demographics
Total population 4943
Median household income ($/weekly) 905
Median age of persons 33
Median housing loan repayment ($/monthly) 986
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 620 12.5
    20-24 years 589 11.9
    25-34 years 656 13.3
    45-54 years 599 12.1
    55-64 years 688 13.9
    Others 1790 36.2
    Age Group
    Census Count Percent(%)
    Registered Married 1555 46.6
    Not Married 1398 41.9
    Defacto Relationship 382 11.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 3777 81.5
    Croatia 138 3.0
    New Zealand 71 1.5
    United Kingdom 232 5.0
    Other 117 2.5
    Others 301 6.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 57 1.3
    Christianity 2548 58.5
    Islam 82 1.9
    Other Religious Groups 17 0.4
    No Religion 1635 37.6
    Others 14 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 148 9.5
    $400-$599 227 14.6
    $600-$799 195 12.5
    $800-$999 156 10.0
    $1,500-$1,999 170 10.9
    Others 658 42.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1647 43.6
    Employed, worked full-time 1055 27.9
    Employed, worked part-time 710 18.8
    Unemployed, looking for work 218 5.8
    Employed, away from work 149 3.9
    Person Characteristics
  • Census Count Percent(%)
    Professionals 291 15.2
    Technicians & trades workers 350 18.3
    Clerical & administrative workers 259 13.5
    Sales 240 12.5
    Labourers 240 12.5
    Others 533 27.9
    Occupation
    Census Count Percent(%)
    Pre-school 52 3.8
    Infants/Primary 363 26.9
    Secondary 329 24.4
    Technical or Further Educational Institution 126 9.3
    University or other Tertiary Institutions 449 33.2
    Others 32 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4195 97.4
    Flat, unit or apartment 66 1.5
    Semi-detached, row or terrace house, townhouse 44 1.0
    Improvised home, tent, sleepers out 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 602 35.7
    Being purchased 577 34.2
    Rented 500 29.7
    Other tenure type 7 0.4
    Tenure Type
Census 2011, ABS
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