Suburb Profile Report for Baxter VIC (3911)

Baxter House: Median price $538,000, Annual capital growth 8.58%, Number of sales 43, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Expert Report

VIC has seen average median house prices change by 11.11% which means that Baxter, 3911 has done well for property investors by showing a capital gain of 24.83% over the last year

Across a shorter period, Baxter, 3911 has seen a median price increase of 1.51% over the last quarter.

At number 622th of VIC’s most discounted properties, Baxter is in the TOP 10% of the state/territory when listing in order of most discounted to least.

Using the current median advertised rental of $380 and the average annual increase in value of a median property of 8.58%, investors should hope to achieve an overall return of 3.67%

Information supplied by:


July 2017

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House prices in Baxter are quite low, with a median of under $450,000. Thus, for many buyers, settling here could be a solution to Melbourne’s affordability problem.Full summary

Fringe suburb leverages its affordability
Median house price: $420,000
Three-year growth: 28.83%
Rental yield: 4.33%

On the outskirts of Melbourne’s urban district, Baxter may be regarded as a rural suburb, but it certainly shows as much potential as its city counterparts.

In fact, this distinction may be working to Baxter’s advantage as house prices are quite low here – a median of under $450,000. Thus, for many buyers, it could be a solution to Melbourne’s affordability problem. It is just an hour’s drive to the CBD – a move that residents may be willing to make to save on housing costs.

As a result, the suburb has been reporting consistent growth for the past 5 years at an average annual rate of 7.5%. At 4.3%, investor returns are considerable as well. Baxter is served by a railway station, as well as buses. There are also several primary schools and a kindergarten for families with young children.

Close
Metrics i HOUSE UNIT
$538,000 N/A
1.51% N/A
24.83% N/A
8.58% N/A
$380 N/A
43 N/A
3.67% N/A
25.77 N/A

Source: CoreLogic

DSR Score for property investment : Excellent (H), Good (U)
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Demographics
Total population 2146
Median household income ($/weekly) 1128
Median age of persons 37
Median housing loan repayment ($/monthly) 1517
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 233 10.9
    25-34 years 336 15.7
    35-44 years 272 12.7
    45-54 years 337 15.7
    55-64 years 295 13.7
    Others 673 31.4
    Age Group
    Census Count Percent(%)
    Not Married 736 44.5
    Registered Married 696 42.1
    Defacto Relationship 223 13.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 1693 83.5
    New Zealand 23 1.1
    Papua New Guinea 40 2.0
    United Kingdom 174 8.6
    Other 26 1.3
    Others 72 3.6
    Country of Birth
    Census Count Percent(%)
    Christianity 1208 63.0
    No Religion 671 35.0
    Other Religious Groups 20 1.0
    Buddhism 15 0.8
    Islam 3 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 79 10.9
    $800-$999 86 11.8
    $1,000-$1,249 79 10.9
    $1,250-$1,499 79 10.9
    $1,500-$1,999 118 16.3
    Others 285 39.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 697 40.7
    Not in the labour force 531 31.0
    Employed, worked part-time 346 20.2
    Employed, away from work 70 4.1
    Unemployed, looking for work 68 4.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 112 10.1
    Technicians & trades workers 240 21.7
    Clerical & administrative workers 163 14.7
    Sales 115 10.4
    Labourers 147 13.3
    Others 331 29.9
    Occupation
    Census Count Percent(%)
    Pre-school 30 6.9
    Infants/Primary 147 33.9
    Secondary 132 30.5
    Technical or Further Educational Institution 60 13.9
    University or other Tertiary Institutions 45 10.4
    Others 19 4.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1967 96.5
    Flat, unit or apartment 66 3.2
    House or flat attached to a shop, office 5 0.2
    Semi-detached, row or terrace house, townhouse 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 408 50.9
    Fully owned 239 29.8
    Rented 152 19.0
    Other tenure type 3 0.4
    Tenure Type
Census 2011, ABS
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