Suburb Profile Report for Foster VIC (3960)

Foster House: Median price $315,000, Annual capital growth 3.32%, Number of sales 33, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report

Giving property investors a an unimpressive capital gain of -2.33% for the last year, Foster, 3960 is the 3258th highest performer in Australia in this respect.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Foster has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Foster should be aiming for at least -8.94% off the asking price, which is the average vendor discount being achieved at the moment.

Situated 143.09km from the CBD, Foster is one of South Gippsland localities in the postcode 3960.

Metrics i HOUSE UNIT
$315,000 N/A
N/A N/A
-2.33% N/A
3.32% N/A
N/A N/A
33 N/A
N/A N/A
114.61 N/A

Source: CoreLogic

DSR Score for property investment : Below average (U), Below average (H)
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Demographics
Total population 1678
Median household income ($/weekly) 754
Median age of persons 54
Median housing loan repayment ($/monthly) 1300
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 168 10.0
    45-54 years 223 13.3
    55-64 years 294 17.5
    65-74 years 245 14.6
    75-84 years 188 11.2
    Others 558 33.3
    Age Group
    Census Count Percent(%)
    Registered Married 662 52.2
    Not Married 492 38.8
    Defacto Relationship 114 9.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1389 86.8
    Japan 18 1.1
    Papua New Guinea 17 1.1
    United Kingdom 94 5.9
    Other 19 1.2
    Others 63 3.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 15 1.0
    Christianity 920 61.1
    Hinduism 3 0.2
    Other Religious Groups 8 0.5
    No Religion 556 36.9
    Others 3 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 79 11.9
    $400-$599 122 18.4
    $600-$799 89 13.4
    $800-$999 71 10.7
    $1,000-$1,249 59 8.9
    Others 243 36.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 657 47.0
    Employed, worked full-time 358 25.6
    Employed, worked part-time 302 21.6
    Employed, away from work 61 4.4
    Unemployed, looking for work 19 1.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 137 19.1
    Professionals 122 17.0
    Technicians & trades workers 98 13.6
    Sales 70 9.7
    Labourers 98 13.6
    Others 194 27.0
    Occupation
    Census Count Percent(%)
    Infants/Primary 111 41.0
    Secondary 102 37.6
    Technical or Further Educational Institution 21 7.7
    University or other Tertiary Institutions 20 7.4
    Pre-school 17 6.3
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1391 91.6
    Flat, unit or apartment 104 6.9
    Caravan, cabin, houseboat 17 1.1
    Improvised home, tent, sleepers out 3 0.2
    House or flat attached to a shop, office 3 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 386 53.6
    Being purchased 163 22.6
    Rented 160 22.2
    Other tenure type 11 1.5
    Tenure Type
Census 2011, ABS
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