Suburb Profile Report for Bairnsdale VIC (3875)

Bairnsdale House: Median price $249,500, Annual capital growth 2.17%, Number of sales 171, Weekly median advertised rent $280

Bairnsdale Unit: Median price $230,000, Annual capital growth 2.21%, Number of sales 22, Weekly median advertised rent $230

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 4.39% for the last 12 months, Bairnsdale, 3875 has performed for property investments than its average annual 2.17% 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 5.50% across each of those five years.

Property buyers and investors in Bairnsdale 3875 should be seeing an average reduction in asking price of around -6.54% . This means that Bairnsdale is holding prices well when compared to other suburbs in VIC.

At number 3308 in a list of fastest selling suburbs, Bairnsdale is in the bottom 20% of suburbs in Australia with an average of days on market 127.5 for properties listed there.

Using the current median advertised rental of $280 and the average annual increase in value of a median property of 2.17%, investors should hope to achieve an overall return of 5.84%

VIC has seen average median house prices change by 3.63% which means that Bairnsdale, 3875 has done well for property investors by showing a capital gain of 5.02% over the last year

Bairnsdale,3875 has offered an average of 5.02% return per annum in house price rises to property investors over the last three years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Bairnsdale, 3875. Typically our figures indicate that -6.74% is being offered, which puts this VIC suburb at 308th most discounted overall in Australia.

Residents and property investors in Bairnsdale have been waiting around 124.55 days to sell a property.

A $230 per week rent on the median house gives suburb investors a gross yield of circa 5.20%, without taking into account capital value appreciation, which has been averaging out at 2.21%.

HOUSE UNIT
$249,500 $230,000
2.67% -2.95%
4.39% 5.02%
2.17% 2.21%
$280 $230
171 22
5.84% 5.20%
127.5 124.55

Source: CoreLogic

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