Suburb Profile Report for Kialla VIC (3631)

Kialla House: Median price $425,000, Annual capital growth 2.65%, Number of sales 89, Weekly median advertised rent $380

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

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

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At number 1891th in the list of Australian suburbs ordered by increase in median house value over the last year, Kialla, 3631 is in the top half with a property value increase of 1.22% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Kialla,3631 has racked up an average of 1.22% over the period. This ranks it number 1786th in the whole country for real estate investors looking at median house price increases.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.14% offered to property buyers. Sellers in Kialla itself are offering an average vendor discount of -4.12% to real estate investors.

With the median price for a house in Kialla being $425000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 4.76%

Information supplied by:


January 2019

M
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Growth is consistent

Postcode: 3631

Median house price: $403,000

Three-year growth: 9.8%

Rental yield: 5.1%

A rural suburb in the LGA of Greater Shepparton City, Kialla offers a moderately priced house market with a median price of around $400,000. There are three man-made lakes in the area of Kialla Lakes, and properties with views of these water features command the highest values.

The suburb has enjoyed consistent growth since 2013, and rental houses generate strong yields at an average rate of 5.1%. A low average discount rate suggests that there is excellent demand for properties here. This appeal could have been enhanced by Kialla’s proximity to the Shepparton CBD, which is 9km away and provides access to shopping centres like Maude Street Mall and local attractions like the Shepparton Art Museum.

Racing makes up a big part of the sports scene in Kialla – the local racetrack is the site of regular meetings for the Shepparton Harness Racing Club and the Shepparton Greyhound Racing Club.

Metrics i HOUSE UNIT
$425,000 N/A
-0.72% N/A
1.22% N/A
2.65% N/A
$380 N/A
89 N/A
4.76% N/A
91.69355 N/A

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

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 5810
Median household income ($/weekly) 1426
Median age of persons 39
Median housing loan repayment ($/monthly) 1733
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 942 16.2
    25-34 years 587 10.1
    35-44 years 886 15.2
    45-54 years 842 14.5
    55-64 years 671 11.5
    Others 1882 32.4
    Age Group
    Census Count Percent(%)
    Registered Married 2481 62.1
    Not Married 1202 30.1
    Defacto Relationship 314 7.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 4971 90.1
    Japan 85 1.5
    Papua New Guinea 48 0.9
    United Kingdom 120 2.2
    Other 71 1.3
    Others 221 4.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 24 0.5
    Christianity 3972 75.0
    Hinduism 33 0.6
    Islam 183 3.5
    No Religion 1057 20.0
    Others 24 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 153 8.8
    $800-$999 158 9.1
    $1,250-$1,499 162 9.3
    $1,500-$1,999 279 16.1
    $2,000-$2,499 233 13.4
    Others 749 43.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1810 42.1
    Not in the labour force 1305 30.3
    Employed, worked part-time 902 21.0
    Employed, away from work 189 4.4
    Unemployed, looking for work 97 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 450 15.5
    Professionals 576 19.8
    Technicians & trades workers 414 14.3
    Clerical & administrative workers 479 16.5
    Sales 322 11.1
    Others 663 22.8
    Occupation
    Census Count Percent(%)
    Pre-school 101 7.2
    Infants/Primary 604 43.1
    Secondary 461 32.9
    Technical or Further Educational Institution 107 7.6
    University or other Tertiary Institutions 95 6.8
    Others 32 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5177 97.2
    Caravan, cabin, houseboat 90 1.7
    Flat, unit or apartment 46 0.9
    Semi-detached, row or terrace house, townhouse 12 0.2
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 895 47.6
    Fully owned 698 37.1
    Rented 243 12.9
    Other tenure type 44 2.3
    Tenure Type
Census 2011, ABS
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