Suburb Profile Report for Traralgon VIC (3844)

Traralgon House: Median price $270,000, Annual capital growth 3.40%, Number of sales 448, Weekly median advertised rent $280

Traralgon Unit: Median price $202,500, Annual capital growth 2.64%, Number of sales 53, Weekly median advertised rent $230

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 3125th in the list of Australian suburbs ordered by increase in median house value over the last year, Traralgon, 3844 is in the BOTTOM 30% with a property value increase of -1.82% recorded in median house prices.

If we look at median property appreciation over just the last three months, Traralgon has given property investors a paper return of -1.82%. This puts Suburb as 604 on a list of fastest fasting appreciating suburbs in VIC

Property investors looking for a bargain in Traralgon should be aiming for at least -6.19% off the asking price, which is the average vendor discount being achieved at the moment.

A $280 per week rent on the median house gives suburb investors a gross yield of circa 5.39%, without taking into account capital value appreciation, which has been averaging out at 3.40%.

Traralgon is in the bottom 30% in VIC when comparing median price capital growth over the last year. Traralgon gave property investors a disappointing capital gain figure when compared to the rest of the state, with -2.64%.

When looking at the potential capital gains offered to property investors over the last 3 years, Traralgon comes in at number 335th in VIC.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.08% offered to property buyers. Sellers in Traralgon itself are offering an average vendor discount of -6.57% to real estate investors.

The VIC suburb of Traralgon, 3844 is in the Latrobe local government area.

HOUSE UNIT
$270,000 $202,500
-1.82% -2.41%
-1.82% -2.64%
3.40% 2.64%
$280 $230
448 53
5.39% 5.91%
105.84 170.71

Source: CoreLogic

DSR Score for property investment : Balanced (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
Chart Table
Recent sales & rentals