Suburb Profile Report for Plumpton VIC (3335)

Plumpton House: Median price $595,000, Annual capital growth 18.48%, Number of sales 17, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report
  • Expert Report

With a capital gain of 21.43% for the last 12 months, Plumpton, 3335 has performed for property investments than its average annual 18.48% property growth over the last 5 years.

Advertised rents are around the $450 mark per week – giving a return of 3.93% based on the median price in Suburb

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January 2018

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Situated 30km northwest of the Melbourne CBD, the suburb of Plumpton saw housing stock skyrocket over the past 12 months from 79 listings to over 200Full summary

Housing booms

Postcode: 3335

Median house price: $495,000

Stock on market: 168.4%

12-month growth: 3.9%

Situated 30km northwest of the Melbourne CBD, the suburb of Plumpton saw housing stock skyrocket over the past 12 months from 79 listings to over 200.

In the most recent three-year period, prices in this area picked up – while the growth has been gentle, it has been steady. Though supply levels have increased, Plumpton is expected to continue to hold capital growth potential. Yields are also quite strong at an average of 4.6%, which although is not considered a “high yield”, is still quite strong for a capital city location.

Plumpton is less than an hour from Melbourne via the Melton Highway, and with the median house value at less than $500,000, it could be a good option for residents looking for a home reasonably close to the capital.

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Metrics i HOUSE UNIT
$595,000 N/A
8.18% N/A
21.43% N/A
18.48% N/A
$450 N/A
17 N/A
3.93% N/A
N/A N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 417
Median household income ($/weekly) 1135
Median age of persons 36
Median housing loan repayment ($/monthly) 1400
Average household size 3.1
  • Census Count Percent(%)
    5-14 years 48 11.5
    20-24 years 49 11.8
    25-34 years 45 10.8
    45-54 years 62 14.9
    55-64 years 83 19.9
    Others 130 31.2
    Age Group
    Census Count Percent(%)
    Registered Married 193 59.8
    Not Married 130 40.2
    Defacto Relationship 0 0.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 252 64.3
    Germany 18 4.6
    Japan 16 4.1
    Netherlands 43 11.0
    Other 30 7.7
    Others 33 8.4
    Country of Birth
    Census Count Percent(%)
    Christianity 275 72.9
    Islam 61 16.2
    No Religion 35 9.3
    Buddhism 3 0.8
    Other Religious Groups 3 0.8
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 19 16.7
    $600-$799 10 8.8
    $1,000-$1,249 14 12.3
    $1,500-$1,999 14 12.3
    $2,000-$2,499 15 13.2
    Others 42 36.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 135 41.2
    Employed, worked full-time 102 31.1
    Employed, worked part-time 57 17.4
    Employed, away from work 19 5.8
    Unemployed, looking for work 15 4.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 21 11.8
    Technicians & trades workers 35 19.7
    Clerical & administrative workers 29 16.3
    Sales 19 10.7
    Labourers 23 12.9
    Others 51 28.7
    Occupation
    Census Count Percent(%)
    Infants/Primary 33 37.5
    Secondary 22 25.0
    Technical or Further Educational Institution 16 18.2
    University or other Tertiary Institutions 10 11.4
    Other type of educational institution 4 4.5
    Others 3 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 364 94.8
    Semi-detached, row or terrace house, townhouse 10 2.6
    Flat, unit or apartment 6 1.6
    Improvised home, tent, sleepers out 4 1.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 72 61.5
    Being purchased 26 22.2
    Rented 19 16.2
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals