Suburb Profile Report for Traralgon VIC (3844)

Traralgon House: Median price $276,000, Annual capital growth 3.37%, Number of sales 427, Weekly median advertised rent $280

Traralgon Unit: Median price $221,500, Annual capital growth 3.30%, Number of sales 49, Weekly median advertised rent $230

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Traralgon have tracked just lower than the VIC average of 9.04% over the last 12 months.

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

Property investors looking for a bargain in Traralgon should be aiming for at least -6.11% off the asking price, which is the average vendor discount being achieved at the moment.

At number 2949 in a list of fastest selling suburbs, Traralgon is in the bottom 30% of suburbs in Australia with an average of days on market 109.89 for properties listed there.

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

Over the last year, property investments in Traralgon, 3844 have given investors a capital gain of 10.75%. This compares favourably with the 4.28% for VIC as a whole.

Traralgon,3844 has offered an average of 10.75% return per annum in house price rises to property investors over the last three years.

The most recent median price for Traralgon is $221500, with sellers offering an average of -6.46% off the asking price.

With the median price for a house in Traralgon being $221500 and the advertised rent reaching $230 the gross rental yield for property investors calculates out to be 5.40%

Metrics i HOUSE UNIT
$276,000 $221,500
2.22% 8.05%
2.22% 10.75%
3.37% 3.30%
$280 $230
427 49
5.28% 5.40%
109.89 176.42

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
Find a mortgage broker in Traralgon VIC
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