Suburb Profile Report for Metung VIC (3904)

Metung House: Median price $365,000, Annual capital growth 4.96%, Number of sales 44, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report

If you compare the increase in value of investment property in Metung, 3904 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 14.06%.

The five-year average increase in median property values for Metung,3904 has given property investors a potential capital gain of 35.56% across each of those five 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 Metung, 3904. Typically our figures indicate that -12.61% is being offered, which puts this VIC suburb at 137th most discounted overall in Australia.

Often selling an investment property can take time, and in Metung the average time real estate has been on the market is 142.95 days.

Metrics i HOUSE UNIT
$365,000 N/A
1.39% N/A
14.06% N/A
4.96% N/A
$290 N/A
44 N/A
4.13% N/A
142.95 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Below average (H)
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Demographics
Total population 1221
Median household income ($/weekly) 873
Median age of persons 55
Median housing loan repayment ($/monthly) 1300
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 100 8.2
    35-44 years 115 9.4
    45-54 years 151 12.4
    55-64 years 267 21.9
    65-74 years 237 19.4
    Others 351 28.7
    Age Group
    Census Count Percent(%)
    Registered Married 542 61.1
    Not Married 237 26.7
    Defacto Relationship 108 12.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 965 82.9
    Greece 13 1.1
    Papua New Guinea 13 1.1
    United Kingdom 114 9.8
    Other 12 1.0
    Others 47 4.0
    Country of Birth
    Census Count Percent(%)
    Christianity 727 67.4
    No Religion 343 31.8
    Buddhism 6 0.6
    Other Religious Groups 3 0.3
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 71 16.8
    $600-$799 59 14.0
    $800-$999 49 11.6
    $1,000-$1,249 45 10.7
    $2,000-$2,499 36 8.5
    Others 162 38.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 478 47.9
    Employed, worked full-time 257 25.8
    Employed, worked part-time 204 20.5
    Employed, away from work 32 3.2
    Unemployed, looking for work 26 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 81 16.3
    Professionals 85 17.1
    Technicians & trades workers 86 17.3
    Community & personal service workers 66 13.3
    Clerical & administrative workers 63 12.7
    Others 116 23.3
    Occupation
    Census Count Percent(%)
    Pre-school 16 8.4
    Infants/Primary 68 35.6
    Secondary 58 30.4
    Technical or Further Educational Institution 31 16.2
    University or other Tertiary Institutions 14 7.3
    Others 4 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1020 97.4
    Flat, unit or apartment 9 0.9
    House or flat attached to a shop, office 8 0.8
    Semi-detached, row or terrace house, townhouse 7 0.7
    Caravan, cabin, houseboat 3 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 258 53.8
    Being purchased 125 26.0
    Rented 94 19.6
    Other tenure type 3 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals