Suburb Profile Report for Junction Village VIC (3977)

Junction Village House: Median price $410,000, Annual capital growth 6.96%, Number of sales 21, Weekly median advertised rent N/A

Junction Village Unit: Median price $268,000, Annual capital growth 2.70%, Number of sales 15, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report
  • Unit Report

Junction Village is in the bottom 30% in VIC when comparing median price capital growth over the last year. Junction Village gave property investors a disappointing capital gain figure when compared to the rest of the state, with 5.26%.

A 41.38% growth in median value for property investors in Junction Village,3977 puts this suburb at number 217th in terms of best performing suburbs in VIC

Property buyers and investors in Junction Village 3977 should be seeing an average reduction in asking price of around -4.39% . This means that Junction Village is holding prices well when compared to other suburbs in VIC.

At number 991 in a list of fastest selling suburbs, Junction Village is in the TOP 30% of suburbs in Australia with an average of days on market 57.3 for properties listed there.

VIC has seen average median house prices change by 4.79% which means that Junction Village, 3977 has done well for property investors by showing a capital gain of 5.10% over the last year

Property buyers and investors in Junction Village 3977 should be seeing an average reduction in asking price of around -0.60% . This means that Junction Village is holding prices well when compared to other suburbs in VIC.

On average over the past year, suburb has had 1.25 sales per month, which equates to 15 per year.

Metrics i HOUSE UNIT
$410,000 $268,000
4.33% 4.08%
5.26% 5.10%
6.96% 2.70%
N/A N/A
21 15
N/A N/A
57.3 88.8

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 1158
Median household income ($/weekly) 774
Median age of persons 52
Median housing loan repayment ($/monthly) 1400
Average household size 2.3
  • Census Count Percent(%)
    45-54 years 124 10.7
    55-64 years 142 12.3
    65-74 years 112 9.7
    75-84 years 191 16.5
    85 years and over 115 9.9
    Others 475 41.0
    Age Group
    Census Count Percent(%)
    Registered Married 360 44.5
    Not Married 352 43.5
    Defacto Relationship 97 12.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 826 79.0
    Greece 12 1.1
    Papua New Guinea 25 2.4
    United Kingdom 91 8.7
    Other 24 2.3
    Others 67 6.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 6 0.6
    Christianity 708 70.7
    Hinduism 7 0.7
    Other Religious Groups 4 0.4
    No Religion 273 27.3
    Others 3 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 58 15.6
    $400-$599 71 19.1
    $600-$799 44 11.8
    $800-$999 33 8.9
    $1,500-$1,999 45 12.1
    Others 121 32.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 439 49.9
    Employed, worked full-time 281 31.9
    Employed, worked part-time 122 13.9
    Employed, away from work 21 2.4
    Unemployed, looking for work 17 1.9
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 96 22.7
    Clerical & administrative workers 55 13.0
    Sales 39 9.2
    Machinery operators & drivers 58 13.7
    Labourers 70 16.6
    Others 104 24.6
    Occupation
    Census Count Percent(%)
    Pre-school 12 7.8
    Infants/Primary 44 28.6
    Secondary 53 34.4
    Technical or Further Educational Institution 20 13.0
    University or other Tertiary Institutions 18 11.7
    Others 7 4.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 762 79.0
    Flat, unit or apartment 203 21.0
    Semi-detached, row or terrace house, townhouse 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(%)
    Fully owned 207 53.8
    Being purchased 139 36.1
    Rented 39 10.1
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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