Suburb Profile Report for Camberwell VIC (3124)

Camberwell House: Median price $1,861,250, Annual capital growth 7.17%, Number of sales 198, Weekly median advertised rent $800

Camberwell Unit: Median price $767,500, Annual capital growth 4.91%, Number of sales 88, Weekly median advertised rent $460

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

Source: Monthly data update for Aug 2019 as supplied by CoreLogic. Data is reported to the period ending May 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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At number 3843th in the list of Australian suburbs ordered by increase in median house value over the last year, Camberwell, 3124 is in the BOTTOM 10% with a property value increase of -15.45% recorded in median house prices.

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

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.54% offered to property buyers. Sellers in Camberwell itself are offering an average vendor discount of -7.15% to real estate investors.

Giving property investors a an average capital gain of -3.76% for the last year, Camberwell, 3124 is the 877th highest performer in Australia in this respect.

While Camberwell,3124 ranked number 200th in VIC for increase in median house value (annualised) increase, it is ranked 181th over the last 5 years.

At number 51th of VIC’s most discounted properties, Camberwell is in the bottom 30% of the state/territory when listing in order of most discounted to least.

A $460 per week rent on the median house gives suburb investors a gross yield of circa 3.12%, without taking into account capital value appreciation, which has been averaging out at 4.91%.

Information supplied by:


November 2018

M
O

W
E

Renters back down

Postcode: 3124

Median unit price: $855,000

Rental vacancy rate: 6.5%

Three-year growth: 24.1%

Part of the Boroondara LGA, the large suburb of Camberwell is known for its historic houses and its peaceful, leafy streets – in fact, Camberwell is among Melbourne’s most prestigious suburbs.

Despite the hefty price tag, buyers have not shied away from this suburb, with demand consistent pushing values upward. Tenants, however, tell a different story as the average rental vacancy rate rose as well from 5.6% to 6.5% in the year to August 2018. The average rent rate comes in at $450 per week, with landlords reaping 2.7% returns on average.

The Burke Road shopping strip is found here, and halfway along this strip is the Camberwell railway station – a large terminal that serves the train lines for Belgrave, Lilydale and Alamein. The suburb is also connected to Burke Road, Toorak Road, Riversdale Road and Warrigal Road.

Metrics i HOUSE UNIT
$1,861,250 $767,500
-10.36% -1.35%
-15.45% -3.76%
7.17% 4.91%
$800 $460
198 88
2.24% 3.12%
58.8990825688073 57.0892857142857

Source: Monthly data update for Aug 2019 as supplied by CoreLogic. Data is reported to the period ending May 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 20028
Median household income ($/weekly) 2122
Median age of persons 41
Median housing loan repayment ($/monthly) 2500
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 2648 13.2
    25-34 years 1950 9.7
    35-44 years 2585 12.9
    45-54 years 3052 15.2
    55-64 years 2525 12.6
    Others 7269 36.3
    Age Group
    Census Count Percent(%)
    Registered Married 8067 54.8
    Not Married 5782 39.3
    Defacto Relationship 872 5.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 14251 73.2
    Croatia 532 2.7
    Papua New Guinea 433 2.2
    United Kingdom 948 4.9
    Other 643 3.3
    Others 2663 13.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 453 2.5
    Christianity 11792 63.9
    Hinduism 343 1.9
    Judaism 191 1.0
    No Religion 5491 29.7
    Others 193 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 643 10.5
    $2,000-$2,499 487 8.0
    $2,500-$2,999 898 14.7
    $3,000-$3,499 644 10.6
    $4,000 or more 773 12.7
    Others 2658 43.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 5973 37.8
    Not in the labour force 5445 34.4
    Employed, worked part-time 3490 22.1
    Employed, away from work 494 3.1
    Unemployed, looking for work 415 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 1841 18.5
    Professionals 3837 38.6
    Community & personal service workers 716 7.2
    Clerical & administrative workers 1430 14.4
    Sales 900 9.0
    Others 1227 12.3
    Occupation
    Census Count Percent(%)
    Pre-school 408 7.0
    Infants/Primary 1772 30.6
    Secondary 1663 28.7
    Technical or Further Educational Institution 264 4.6
    University or other Tertiary Institutions 1568 27.1
    Others 117 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 14825 80.0
    Semi-detached, row or terrace house, townhouse 1836 9.9
    Flat, unit or apartment 1830 9.9
    House or flat attached to a shop, office 43 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 3093 45.6
    Being purchased 2152 31.7
    Rented 1499 22.1
    Other tenure type 40 0.6
    Tenure Type
Census 2011, ABS
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