Suburb Profile Report for Traralgon VIC (3844)

Traralgon House: Median price $270,000, Annual capital growth 3.41%, Number of sales 450, Weekly median advertised rent $280

Traralgon Unit: Median price $225,000, Annual capital growth 4.21%, Number of sales 48, Weekly median advertised rent $233

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

Source: CoreLogic

  • House Report
  • Unit Report

VIC has seen average median house prices change by 8.27% which means that Traralgon, 3844 has done well for property investors by showing a capital gain of -1.82% over the last year

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.

The most recent median price for Traralgon is $270000, with sellers offering an average of -6.17% off the asking price.

Using the current median advertised rental of $280 and the average annual increase in value of a median property of 3.41%, investors should hope to achieve an overall return of 5.39%

VIC has seen average median house prices change by 3.49% which means that Traralgon, 3844 has done well for property investors by showing a capital gain of 10.57% over the last year

While Traralgon,3844 ranked number 54th in VIC for increase in median house value (annualised) increase, it is ranked 296th over the last 5 years.

At number 82th of VIC’s most discounted properties, Traralgon is in the bottom 30% of the state/territory when listing in order of most discounted to least.

In the last year 48 properties changed hands in Traralgon, which puts it as the 181th most active market in VIC when comparing the number of sales per suburb.

Situated 144.17km from the CBD, Traralgon is one of Latrobe localities in the postcode 3844.

Metrics i HOUSE UNIT
$270,000 $225,000
0.00% 4.65%
-1.82% 10.57%
3.41% 4.21%
$280 $233
450 48
5.39% 5.37%
110.57 170.7

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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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