Suburb Profile Report for Numurkah VIC (3636)

Numurkah House: Median price $251,750, Annual capital growth 5.36%, Number of sales 70, Weekly median advertised rent $255

Numurkah Unit: Median price $199,000, Annual capital growth 3.64%, Number of sales 13, Weekly median advertised rent $190

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

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

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  • House Report
  • Unit Report

If you compare the increase in value of investment property in Numurkah, 3636 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 12.39%.

Over the longer term, Numurkah has seen property prices show investors a 29.10% return over the last 3 years. This is worse than over the last 12 months

Numurkah3636 is located in VIC which offers an average discount of -6.82% to property investors. Numurkah itself is showing figures that indicate -6.01% is the average achievable by property buyers investing in the suburb.

With the median price for a house in Numurkah being $251750 and the advertised rent reaching $255 the gross rental yield for property investors calculates out to be 5.27%

Over the last year, property investments in Numurkah, 3636 have given investors a capital gain of 34.92%. This compares very favourably with the 0.10% for VIC as a whole.

Taking the average capital gain, or increase in median house value, Numurkah,3636 has racked up an average of 34.92% over the period. This ranks it number 200th in the whole country for real estate investors looking at median house price increases.

Our latest figures would indicate that property sellers in Numurkah are currently offering property investors an average price cut of -4.36% below the asking price at the moment.

With the median price for a house in Numurkah being $199000 and the advertised rent reaching $190 the gross rental yield for property investors calculates out to be 4.96%

Information supplied by:




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Numurkah, VIC – A tight knit community

Postcode: 3636

Median unit price: $175,000

Three-year growth: 9%

Rental yield: 5%

Conveniently located on the Goulburn Valley Highway just north of Shepparton, the suburb of Numurkah was originally the home of the Yorta Yorta people. Grey-headed and little red flying foxes nest in Numurkah and help pollinate the native trees. Many insect-eating microbats also aid in controlling the insect population here.

Various activities throughout the year bring the community together – art shows are held in March, fishing competitions in April, go-kart races in September and car shows in December. Sports are a major focus in the suburb as well, with facilities for lawn tennis, bowls, soccer, swimming and golf.

Metrics i HOUSE UNIT
$251,750 $199,000
8.51% 6.70%
12.39% 34.92%
5.36% 3.64%
$255 $190
70 13
5.27% 4.96%
131.21568627451 123.1

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

DSR Score for property investment : Above average (H), Balanced (U)
Find a mortgage broker in Numurkah VIC
Demographics
Total population 4767
Median household income ($/weekly) 796
Median age of persons 43
Median housing loan repayment ($/monthly) 1083
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 653 13.7
    35-44 years 562 11.8
    45-54 years 601 12.6
    55-64 years 603 12.6
    65-74 years 494 10.4
    Others 1854 38.9
    Age Group
    Census Count Percent(%)
    Registered Married 1731 50.9
    Not Married 1356 39.9
    Defacto Relationship 312 9.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 4216 93.1
    New Zealand 22 0.5
    Papua New Guinea 55 1.2
    United Kingdom 119 2.6
    Other 18 0.4
    Others 100 2.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 31 0.7
    Christianity 3295 75.6
    Hinduism 6 0.1
    Other Religious Groups 14 0.3
    No Religion 1007 23.1
    Others 6 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 203 12.3
    $400-$599 287 17.3
    $600-$799 206 12.4
    $800-$999 201 12.1
    $1,500-$1,999 169 10.2
    Others 590 35.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1586 43.6
    Employed, worked full-time 1168 32.1
    Employed, worked part-time 624 17.2
    Employed, away from work 150 4.1
    Unemployed, looking for work 106 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 330 17.0
    Professionals 243 12.5
    Technicians & trades workers 292 15.0
    Community & personal service workers 214 11.0
    Labourers 307 15.8
    Others 558 28.7
    Occupation
    Census Count Percent(%)
    Pre-school 72 7.1
    Infants/Primary 398 39.5
    Secondary 337 33.4
    Technical or Further Educational Institution 108 10.7
    University or other Tertiary Institutions 58 5.8
    Others 35 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4048 92.8
    Semi-detached, row or terrace house, townhouse 64 1.5
    Flat, unit or apartment 221 5.1
    Caravan, cabin, houseboat 8 0.2
    House or flat attached to a shop, office 17 0.4
    Others 3 0.1
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 736 40.9
    Being purchased 581 32.3
    Rented 468 26.0
    Other tenure type 14 0.8
    Tenure Type
Census 2011, ABS
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