Suburb Profile Report for Junction Village VIC (3977)

Junction Village House: Median price $432,000, Annual capital growth 10.10%, Number of sales 16, Weekly median advertised rent N/A

Junction Village Unit: Median price $272,500, Annual capital growth 5.02%, Number of sales 14, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Junction Village, 3977 have given investors a capital gain of 10.91%. This compares averagely with the 11.00% for VIC as a whole.

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

LACK OF BUYER INTEREST may well be the reason that Junction Village is offering property investors an average of -5.26. This rate of discount on properties puts Suburb at number 181th in terms of most discounted suburbs in VIC

On average over the past year, suburb has had 1.33 sales per month, which equates to 16 per year.

Property investors who have had real estate in Junction Village, 3977 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 12.37%

In the last year 14 properties changed hands in Junction Village, which puts it as the 343th most active market in VIC when comparing the number of sales per suburb.

Situated 46.18km from the CBD, Junction Village is one of Casey localities in the postcode 3977.

Metrics i HOUSE UNIT
$432,000 $272,500
4.73% 1.30%
10.91% 12.37%
10.10% 5.02%
N/A N/A
16 14
N/A N/A
37.3 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (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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