Suburb Profile Report for Koo Wee Rup VIC (3981)

Koo Wee Rup House: Median price $400,000, Annual capital growth 6.40%, Number of sales 45, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report

Property value increases in Koo Wee Rup have tracked higher than the VIC average of 8.12% over the last 12 months.

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

Vendor discounting in Koo Wee Rup is giving property investors an average Vendor Discount of around -4.79%. This puts suburb at number 396th in VIC when ranking the most discounted suburbs.

A $330 per week rent on the median house gives suburb investors a gross yield of circa 4.29%, without taking into account capital value appreciation, which has been averaging out at 6.40%.

Metrics i HOUSE UNIT
$400,000 N/A
3.23% N/A
16.45% N/A
6.40% N/A
$330 N/A
45 N/A
4.29% N/A
67.84 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 3079
Median household income ($/weekly) 1101
Median age of persons 36
Median housing loan repayment ($/monthly) 1647
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 485 15.8
    25-34 years 375 12.2
    35-44 years 429 13.9
    45-54 years 421 13.7
    55-64 years 306 9.9
    Others 1063 34.5
    Age Group
    Census Count Percent(%)
    Registered Married 1041 48.1
    Not Married 865 40.0
    Defacto Relationship 259 12.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 2599 88.1
    Japan 57 1.9
    Papua New Guinea 32 1.1
    United Kingdom 120 4.1
    Other 41 1.4
    Others 102 3.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 11 0.4
    Christianity 1965 70.6
    Islam 9 0.3
    Other Religious Groups 7 0.3
    No Religion 786 28.2
    Others 6 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 107 11.2
    $600-$799 102 10.6
    $800-$999 97 10.1
    $1,250-$1,499 101 10.5
    $1,500-$1,999 151 15.7
    Others 401 41.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 902 39.5
    Not in the labour force 799 35.0
    Employed, worked part-time 435 19.0
    Employed, away from work 88 3.9
    Unemployed, looking for work 61 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 184 12.9
    Technicians & trades workers 289 20.3
    Clerical & administrative workers 164 11.5
    Machinery operators & drivers 168 11.8
    Labourers 202 14.2
    Others 419 29.4
    Occupation
    Census Count Percent(%)
    Pre-school 60 8.0
    Infants/Primary 311 41.4
    Secondary 237 31.6
    Technical or Further Educational Institution 70 9.3
    University or other Tertiary Institutions 49 6.5
    Others 24 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2690 93.0
    Flat, unit or apartment 116 4.0
    Semi-detached, row or terrace house, townhouse 55 1.9
    House or flat attached to a shop, office 28 1.0
    Caravan, cabin, houseboat 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 489 47.1
    Fully owned 310 29.9
    Rented 236 22.7
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
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