Suburb Profile Report for Birchip VIC (3483)

Birchip House: Median price $100,000, Annual capital growth 13.17%, Number of sales 13, Weekly median advertised rent N/A

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

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

  • House Report
  • Expert Report

Property investors who have had real estate in Birchip, 3483 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 2.78%

Comparing Birchip,3483 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

Vendor discounting in Birchip is giving property investors an average Vendor Discount of around -21.05%. This puts suburb at number 3rd in VIC when ranking the most discounted suburbs.

Renters in Suburb are facing rents around $8580 per annum or $165 every week.

Information supplied by:


April 2019

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Sitting on the Sunraysia Highway in Victoria’s Mallee district, Birchip is a small rural suburb centred on agricultureFull summary

Rural suburb sees some growth

Postcode: 3483

Median house price: $92,500

Three-year growth: -23.7%

Rental yield: 9.3%

Sitting on the Sunraysia Highway in Victoria’s Mallee district, Birchip is a small rural suburb centred on agriculture.

Some of the crops grown in this area include wheat, barley and canola. The most common livestock are sheep and pigs. The Birchip Cropping Group makes its base here – this non-profit research organisation is run by farmers from the Wimmera-Mallee region. The Birchip Community Leisure Centre houses several sports facilities, such as Australian football, netball and golf. Birchip is also linked to several roads, including the Calder Highway. There is also an aerodrome for light aircraft.

Birchip houses are very affordable at a median price of under $100,000. The suburb has seen values drop consistently since 2014, but some recovery was reported when values went up by 2.8% in the 12 months to January 2019.

Close
Metrics i HOUSE UNIT
$100,000 N/A
5.26% N/A
0.00% N/A
13.17% N/A
N/A N/A
13 N/A
N/A N/A
N/A N/A

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

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 662
Median household income ($/weekly) 734
Median age of persons 46
Median housing loan repayment ($/monthly) 650
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 76 11.5
    35-44 years 72 10.9
    45-54 years 73 11.0
    55-64 years 103 15.6
    65-74 years 82 12.4
    Others 255 38.6
    Age Group
    Census Count Percent(%)
    Registered Married 253 52.0
    Not Married 193 39.6
    Defacto Relationship 41 8.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 551 87.7
    Indonesia 7 1.1
    Papua New Guinea 30 4.8
    Philippines 8 1.3
    United Kingdom 16 2.5
    Others 16 2.5
    Country of Birth
    Census Count Percent(%)
    Christianity 508 82.6
    No Religion 98 15.9
    Hinduism 6 1.0
    Buddhism 3 0.5
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 32 13.6
    $400-$599 39 16.6
    $600-$799 35 14.9
    $1,000-$1,249 29 12.3
    $1,500-$1,999 25 10.6
    Others 75 31.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 226 44.3
    Employed, worked full-time 168 32.9
    Employed, worked part-time 86 16.9
    Employed, away from work 20 3.9
    Unemployed, looking for work 10 2.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 59 21.5
    Professionals 60 21.9
    Technicians & trades workers 43 15.7
    Community & personal service workers 24 8.8
    Labourers 27 9.9
    Others 61 22.3
    Occupation
    Census Count Percent(%)
    Infants/Primary 55 43.0
    Secondary 49 38.3
    Pre-school 12 9.4
    University or other Tertiary Institutions 9 7.0
    Technical or Further Educational Institution 3 2.3
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 567 93.7
    Flat, unit or apartment 26 4.3
    Caravan, cabin, houseboat 6 1.0
    Semi-detached, row or terrace house, townhouse 3 0.5
    House or flat attached to a shop, office 3 0.5
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 144 53.7
    Being purchased 61 22.8
    Rented 60 22.4
    Other tenure type 3 1.1
    Tenure Type
Census 2011, ABS
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