Suburb Profile Report for Cannons Creek VIC (3977)

Cannons Creek House: Median price $327,500, Annual capital growth 4.97%, Number of sales 18, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report

Cannons Creek has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -3.32% to date .

Across a shorter period, Cannons Creek, 3977 has seen a median price increase of 7.38% over the last quarter.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.09% offered to property buyers. Sellers in Cannons Creek itself are offering an average vendor discount of -4.74% to real estate investors.

HOUSE UNIT
$327,500 N/A
7.38% N/A
-3.32% N/A
4.97% N/A
N/A N/A
18 N/A
N/A N/A
89.4 N/A

Source: CoreLogic

DSR Score for property investment : Very good (U), Above average (H)
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Demographics
Total population 557
Median household income ($/weekly) 1152
Median age of persons 40
Median housing loan repayment ($/monthly) 1500
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 78 14.0
    15-19 years 41 7.3
    35-44 years 98 17.6
    45-54 years 108 19.4
    55-64 years 62 11.1
    Others 171 30.6
    Age Group
    Census Count Percent(%)
    Registered Married 197 46.4
    Not Married 172 40.5
    Defacto Relationship 56 13.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 476 87.5
    New Zealand 9 1.7
    Papua New Guinea 5 0.9
    United Kingdom 40 7.4
    Other 5 0.9
    Others 9 1.7
    Country of Birth
    Census Count Percent(%)
    Christianity 303 57.9
    No Religion 208 39.8
    Buddhism 9 1.7
    Other Religious Groups 3 0.6
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 19 10.6
    $800-$999 26 14.4
    $1,000-$1,249 25 13.9
    $1,500-$1,999 28 15.6
    $2,000-$2,499 19 10.6
    Others 63 35.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 192 44.7
    Not in the labour force 116 27.0
    Employed, worked part-time 97 22.6
    Unemployed, looking for work 13 3.0
    Employed, away from work 12 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 31 10.4
    Technicians & trades workers 62 20.9
    Clerical & administrative workers 39 13.1
    Machinery operators & drivers 33 11.1
    Labourers 47 15.8
    Others 85 28.6
    Occupation
    Census Count Percent(%)
    Pre-school 12 9.0
    Infants/Primary 50 37.3
    Secondary 42 31.3
    Technical or Further Educational Institution 15 11.2
    University or other Tertiary Institutions 9 6.7
    Others 6 4.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 549 100.0
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    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 123 60.9
    Fully owned 56 27.7
    Rented 23 11.4
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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