Suburb Profile Report for Metung VIC (3904)

Metung House: Median price $345,000, Annual capital growth 4.10%, Number of sales 49, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report

Over the last year, property investments in Metung, 3904 have given investors a capital gain of -6.12%. This compares very badly with the 10.43% for VIC as a whole.

Metung,3904 was ranked 3753 in Australia by increase in median property value over the quarter.

Property buyers and investors in Metung 3904 should be seeing an average reduction in asking price of around -12.04% . This means that Metung is holding prices well when compared to other suburbs in VIC.

Renters in Suburb are facing rents around $3480 per annum or $290 every week.

Metrics i HOUSE UNIT
$345,000 N/A
-4.17% N/A
-6.12% N/A
4.10% N/A
$290 N/A
49 N/A
4.37% N/A
168.5 N/A

Source: CoreLogic

DSR Score for property investment : Above average (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