Suburb Profile Report for Traralgon VIC (3844)

Traralgon House: Median price $279,000, Annual capital growth 3.43%, Number of sales 431, Weekly median advertised rent $285

Traralgon Unit: Median price $221,500, Annual capital growth 3.05%, Number of sales 50, Weekly median advertised rent $238

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 2.48% for the last 12 months, Traralgon, 3844 has performed for property investments than its average annual 3.43% property growth over the last 5 years.

While Traralgon,3844 ranked number 391th in VIC for increase in median house value (annualised) increase, it is ranked 606th over the last 5 years.

At number 197th of VIC’s most discounted properties, Traralgon is in the bottom 40% of the state/territory when listing in order of most discounted to least.

Traralgon, 3844’s gross rental yield is 5.31%

Traralgon is in the TOP 30% in VIC when comparing median price capital growth over the last year. Traralgon gave property investors a good capital gain figure when compared to the rest of the state, with 10.75%.

While Traralgon,3844 ranked number 54th in VIC for increase in median house value (annualised) increase, it is ranked 313th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Traralgon is offering property investors an average of -4.95. This rate of discount on properties puts Suburb at number 44th in terms of most discounted suburbs in VIC

On average over the past year, suburb has had 4.17 sales per month, which equates to 50 per year.

Using the current median advertised rental of $237.5 and the average annual increase in value of a median property of 3.05%, investors should hope to achieve an overall return of 5.58%

Metrics i HOUSE UNIT
$279,000 $221,500
2.20% 5.48%
2.48% 10.75%
3.43% 3.05%
$285 $238
431 50
5.31% 5.58%
112.06 171.78

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 23834
Median household income ($/weekly) 1125
Median age of persons 36
Median housing loan repayment ($/monthly) 1317
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 3132 13.1
    25-34 years 3459 14.5
    35-44 years 3090 13.0
    45-54 years 3171 13.3
    55-64 years 2631 11.0
    Others 8351 35.0
    Age Group
    Census Count Percent(%)
    Registered Married 7969 47.6
    Not Married 6801 40.6
    Defacto Relationship 1961 11.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 19352 86.6
    New Zealand 212 0.9
    Papua New Guinea 274 1.2
    United Kingdom 875 3.9
    Other 433 1.9
    Others 1197 5.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 206 1.0
    Christianity 14816 68.9
    Hinduism 133 0.6
    Islam 95 0.4
    No Religion 6136 28.5
    Others 109 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 983 12.0
    $600-$799 831 10.2
    $1,000-$1,249 766 9.4
    $1,500-$1,999 1071 13.1
    $2,000-$2,499 711 8.7
    Others 3823 46.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 6771 37.9
    Not in the labour force 6240 35.0
    Employed, worked part-time 3429 19.2
    Employed, away from work 724 4.1
    Unemployed, looking for work 684 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1940 17.8
    Technicians & trades workers 1984 18.2
    Clerical & administrative workers 1570 14.4
    Sales 1149 10.5
    Labourers 1129 10.3
    Others 3153 28.9
    Occupation
    Census Count Percent(%)
    Pre-school 398 7.7
    Infants/Primary 1966 37.8
    Secondary 1536 29.5
    Technical or Further Educational Institution 586 11.3
    University or other Tertiary Institutions 554 10.7
    Others 159 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 19828 91.2
    Flat, unit or apartment 1367 6.3
    Semi-detached, row or terrace house, townhouse 280 1.3
    Caravan, cabin, houseboat 267 1.2
    House or flat attached to a shop, office 8 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 3488 39.3
    Fully owned 2861 32.2
    Rented 2467 27.8
    Other tenure type 66 0.7
    Tenure Type
Census 2011, ABS
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