Suburb Profile Report for Lynbrook VIC (3975)

Lynbrook House: Median price $550,000, Annual capital growth 5.96%, Number of sales 83, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report

VIC has seen average median house prices change by 8.27% which means that Lynbrook, 3975 has done well for property investors by showing a capital gain of 8.91% over the last year

The five-year average increase in median property values for Lynbrook,3975 has given property investors a potential capital gain of 33.50% across each of those five years.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.91% offered to property buyers. Sellers in Lynbrook itself are offering an average vendor discount of -3.51% to real estate investors.

On average over the past year, suburb has had 6.92 sales per month, which equates to 83 per year.

Using the current median advertised rental of $400 and the average annual increase in value of a median property of 5.96%, investors should hope to achieve an overall return of 3.78%

Metrics i HOUSE UNIT
$550,000 N/A
0.00% N/A
8.91% N/A
5.96% N/A
$400 N/A
83 N/A
3.78% N/A
44.65 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Balanced (U)
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Demographics
Total population 6771
Median household income ($/weekly) 1612
Median age of persons 32
Median housing loan repayment ($/monthly) 2000
Average household size 3.4
  • Census Count Percent(%)
    0-4 years 678 10.0
    5-14 years 1134 16.7
    25-34 years 1086 16.0
    35-44 years 1285 19.0
    45-54 years 861 12.7
    Others 1728 25.5
    Age Group
    Census Count Percent(%)
    Registered Married 2793 60.8
    Not Married 1533 33.4
    Defacto Relationship 269 5.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 3305 50.7
    Indonesia 658 10.1
    Papua New Guinea 199 3.1
    Sri Lanka 336 5.2
    Other 755 11.6
    Others 1268 19.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 589 9.3
    Christianity 3484 54.9
    Hinduism 440 6.9
    Islam 546 8.6
    No Religion 1107 17.5
    Others 176 2.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 189 11.3
    $1,250-$1,499 180 10.7
    $1,500-$1,999 331 19.7
    $2,000-$2,499 275 16.4
    $2,500-$2,999 136 8.1
    Others 568 33.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2252 47.7
    Not in the labour force 1335 28.3
    Employed, worked part-time 773 16.4
    Unemployed, looking for work 179 3.8
    Employed, away from work 178 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 472 14.7
    Technicians & trades workers 504 15.7
    Clerical & administrative workers 516 16.1
    Machinery operators & drivers 394 12.3
    Labourers 373 11.6
    Others 945 29.5
    Occupation
    Census Count Percent(%)
    Pre-school 171 9.3
    Infants/Primary 719 39.0
    Secondary 492 26.7
    Technical or Further Educational Institution 187 10.1
    University or other Tertiary Institutions 219 11.9
    Others 57 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6273 97.6
    Semi-detached, row or terrace house, townhouse 141 2.2
    Flat, unit or apartment 14 0.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1331 72.2
    Fully owned 256 13.9
    Rented 252 13.7
    Other tenure type 5 0.3
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals