Suburb Profile Report for Clayton South VIC (3169)

Clayton South House: Median price $850,000, Annual capital growth 7.04%, Number of sales 82, Weekly median advertised rent $420

Clayton South Unit: Median price $590,000, Annual capital growth 6.60%, Number of sales 100, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

VIC has seen average median house prices change by 10.47% which means that Clayton South, 3169 has done well for property investors by showing a capital gain of 11.11% over the last year

Taking the average capital gain, or increase in median house value, Clayton South,3169 has racked up an average of 11.11% over the period. This ranks it number 436th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in Clayton South 3169 should be seeing an average reduction in asking price of around -6.80% . This means that Clayton South is holding prices well when compared to other suburbs in VIC.

With the median price for a house in Clayton South being $850000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 2.57%

Giving property investors a a solid capital gain of 38.34% for the last year, Clayton South, 3169 is the 12th highest performer in Australia in this respect.

Taking the average capital gain, or increase in median house value, Clayton South,3169 has racked up an average of 38.34% over the period. This ranks it number 135th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Clayton South is giving property investors an average Vendor Discount of around -6.23%. This puts suburb at number 57th in VIC when ranking the most discounted suburbs.

On average over the past year, suburb has had 8.33 sales per month, which equates to 100 per year.

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
$850,000 $590,000
1.19% 5.36%
11.11% 38.34%
7.04% 6.60%
$420 $380
82 100
2.57% 3.35%
52.57 69.52

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Clayton South VIC
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
Chart Table
Recent sales & rentals