Suburb Profile Report for Clayton South VIC (3169)

Clayton South House: Median price $818,000, Annual capital growth 6.32%, Number of sales 91, Weekly median advertised rent $430

Clayton South Unit: Median price $507,500, Annual capital growth 4.32%, Number of sales 93, Weekly median advertised rent $390

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

If you compare the increase in value of investment property in Clayton South, 3169 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 1.72%.

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

Using the current median advertised rental of $430 and the average annual increase in value of a median property of 6.32%, investors should hope to achieve an overall return of 2.73%

At number 420th in the list of Australian suburbs ordered by increase in median house value over the last year, Clayton South, 3169 is in the top 30% with a property value increase of 7.98% recorded in median house prices.

While Clayton South,3169 ranked number 353th in VIC for increase in median house value (annualised) increase, it is ranked 174th over the last 5 years.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.51% offered to property buyers. Sellers in Clayton South itself are offering an average vendor discount of -3.45% to real estate investors.

Advertised rents are around the $390 mark per week – giving a return of 4.00% based on the median price in Suburb

Information supplied by:


January 2018

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Also known as Westall, the suburb of Clayton South looks to be performing well, recording a drop in its average vacancy rate from 2.4% to 1.3% in the course of a year and reporting reasonable growth in the unit marketFull summary

Affordable suburb gains more residents

Postcode: 3169

Median unit price: $432,500

Vacancy rate: 1.3%

Three-year growth: 1.8%

Also known as Westall, the suburb of Clayton South looks to be performing well, recording a drop in its average vacancy rate from 2.4% to 1.3% in the course of a year and reporting reasonable growth in the unit market.

Despite being roughly 40 minutes from the Melbourne CBD, Clayton South apartments are in good demand, with the average vendor discount rate coming in at just 2.5% while investors gain a good average yield of 4.3%.

The suburb itself is well-stocked, being home to several schools like St Andrews Primary School, Westall Secondary College and Heatherton Christian College. The Clayton Business Park provides employment opportunities. For relaxation, Rosebank Avenue is lined with shops and dining options; alternatively, residents can visit one of the many parks in the suburb.

 

Close
Metrics i HOUSE UNIT
$818,000 $507,500
-1.09% -10.96%
1.72% 7.98%
6.32% 4.32%
$430 $390
91 93
2.73% 4.00%
61.07 39.63

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 11624
Median household income ($/weekly) 1052
Median age of persons 33
Median housing loan repayment ($/monthly) 1700
Average household size 2.8
  • Census Count Percent(%)
    20-24 years 1143 9.8
    25-34 years 2526 21.7
    35-44 years 1516 13.0
    45-54 years 1251 10.8
    55-64 years 1106 9.5
    Others 4083 35.1
    Age Group
    Census Count Percent(%)
    Registered Married 4588 49.4
    Not Married 4287 46.1
    Defacto Relationship 418 4.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 3866 35.4
    Croatia 730 6.7
    Hong Kong 682 6.2
    Indonesia 1609 14.7
    Other 1170 10.7
    Others 2876 26.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 1308 12.2
    Christianity 5551 52.0
    Hinduism 796 7.5
    Other Religious Groups 646 6.0
    No Religion 1769 16.6
    Others 611 5.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 431 12.0
    $600-$799 385 10.7
    $800-$999 361 10.1
    $1,000-$1,249 361 10.1
    $1,500-$1,999 480 13.4
    Others 1574 43.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3711 40.0
    Employed, worked full-time 3176 34.2
    Employed, worked part-time 1611 17.4
    Unemployed, looking for work 454 4.9
    Employed, away from work 324 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 855 16.7
    Technicians & trades workers 762 14.9
    Clerical & administrative workers 698 13.7
    Machinery operators & drivers 595 11.6
    Labourers 766 15.0
    Others 1435 28.1
    Occupation
    Census Count Percent(%)
    Infants/Primary 643 24.5
    Secondary 555 21.2
    Technical or Further Educational Institution 346 13.2
    University or other Tertiary Institutions 746 28.5
    Other type of educational institution 185 7.1
    Others 147 5.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7628 68.8
    Semi-detached, row or terrace house, townhouse 1729 15.6
    Flat, unit or apartment 1715 15.5
    House or flat attached to a shop, office 20 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1488 38.6
    Rented 1376 35.7
    Being purchased 965 25.1
    Other tenure type 21 0.5
    Tenure Type
Census 2011, ABS
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