Suburb Profile Report for Bairnsdale VIC (3875)

Bairnsdale House: Median price $254,000, Annual capital growth 2.24%, Number of sales 182, Weekly median advertised rent $280

Bairnsdale Unit: Median price $222,500, Annual capital growth 2.13%, Number of sales 28, Weekly median advertised rent $240

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Bairnsdale, 3875 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.67%

Bairnsdale,3875 was ranked 2229 in Australia by increase in median property value over the quarter.

Bairnsdale, 3875 is offering VIC ‘s 315th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.

At number 2975 in a list of fastest selling suburbs, Bairnsdale is in the bottom 30% of suburbs in Australia with an average of days on market 112.48 for properties listed there.

Renters in Suburb are facing rents around $3360 per annum or $280 every week.

With a capital gain of -7.58% for the last 12 months, Bairnsdale, 3875 has performed for property investments than its average annual 2.13% property growth over the last 5 years.

The five-year average increase in median property values for Bairnsdale,3875 has given property investors a potential capital gain of 6.71% across each of those five years.

Property investors looking for a bargain in Bairnsdale should be aiming for at least -6.00% off the asking price, which is the average vendor discount being achieved at the moment.

Property investors should expect to get $240 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$254,000 $222,500
0.79% -3.26%
3.67% -7.58%
2.24% 2.13%
$280 $240
182 28
5.73% 5.61%
112.48 97.1

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 7237
Median household income ($/weekly) 762
Median age of persons 44
Median housing loan repayment ($/monthly) 1300
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 843 11.6
    35-44 years 783 10.8
    45-54 years 912 12.6
    55-64 years 898 12.4
    65-74 years 771 10.7
    Others 3031 41.9
    Age Group
    Census Count Percent(%)
    Not Married 2536 48.1
    Registered Married 2162 41.0
    Defacto Relationship 575 10.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 6221 90.4
    Greece 45 0.7
    Papua New Guinea 54 0.8
    United Kingdom 253 3.7
    Other 62 0.9
    Others 249 3.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 42 0.6
    Christianity 4397 67.6
    Hinduism 21 0.3
    Other Religious Groups 27 0.4
    No Religion 2010 30.9
    Others 10 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 362 13.1
    $400-$599 483 17.5
    $600-$799 365 13.2
    $800-$999 289 10.4
    $1,000-$1,249 269 9.7
    Others 999 36.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2609 45.9
    Employed, worked full-time 1604 28.2
    Employed, worked part-time 1065 18.7
    Employed, away from work 209 3.7
    Unemployed, looking for work 198 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 449 15.6
    Technicians & trades workers 439 15.3
    Community & personal service workers 340 11.8
    Sales 331 11.5
    Labourers 401 13.9
    Others 916 31.8
    Occupation
    Census Count Percent(%)
    Pre-school 120 8.7
    Infants/Primary 526 37.9
    Secondary 416 30.0
    Technical or Further Educational Institution 182 13.1
    University or other Tertiary Institutions 92 6.6
    Others 51 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5801 87.1
    Flat, unit or apartment 715 10.7
    Semi-detached, row or terrace house, townhouse 99 1.5
    Caravan, cabin, houseboat 36 0.5
    House or flat attached to a shop, office 11 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1182 39.6
    Rented 997 33.4
    Being purchased 793 26.6
    Other tenure type 13 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals