Suburb Profile Report for Ardeer VIC (3022)

Ardeer House: Median price $577,500, Annual capital growth 6.81%, Number of sales 44, Weekly median advertised rent $350

Ardeer Unit: Median price $531,500, Annual capital growth 10.20%, Number of sales 16, Weekly median advertised rent $380

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Investment property in Ardeer has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -7.93%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Ardeer has increased when compared to the 5 year average annual rate.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.34% offered to property buyers. Sellers in Ardeer itself are offering an average vendor discount of -7.16% to real estate investors.

With the median price for a house in Ardeer being $577500 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 3.15%

If you compare the increase in value of investment property in Ardeer, 3022 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 11.89%.

Ardeer,3022 has offered an average of 11.89% return per annum in house price rises to property investors over the last three years.

Often selling an investment property can take time, and in Ardeer the average time real estate has been on the market is 95.2 days.

Ardeer, 3022’s gross rental yield is 3.72%

Metrics i HOUSE UNIT
$577,500 $531,500
1.14% 0.09%
-7.93% 11.89%
6.81% 10.20%
$350 $380
44 16
3.15% 3.72%
128.375 95.2

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. 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 2823
Median household income ($/weekly) 891
Median age of persons 37
Median housing loan repayment ($/monthly) 1430
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 320 11.3
    25-34 years 474 16.8
    35-44 years 419 14.8
    45-54 years 298 10.6
    55-64 years 327 11.6
    Others 985 34.9
    Age Group
    Census Count Percent(%)
    Not Married 1050 51.3
    Registered Married 851 41.6
    Defacto Relationship 146 7.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 1303 52.0
    Indonesia 93 3.7
    Netherlands 123 4.9
    Viet Nam 207 8.3
    Other 270 10.8
    Others 509 20.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 231 9.4
    Christianity 1612 65.6
    Islam 108 4.4
    Other Religious Groups 60 2.4
    No Religion 390 15.9
    Others 58 2.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 116 13.0
    $600-$799 123 13.8
    $800-$999 91 10.2
    $1,000-$1,249 89 10.0
    $1,500-$1,999 112 12.6
    Others 359 40.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 911 43.7
    Employed, worked full-time 680 32.6
    Employed, worked part-time 289 13.8
    Unemployed, looking for work 119 5.7
    Employed, away from work 88 4.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 153 14.4
    Technicians & trades workers 143 13.5
    Clerical & administrative workers 170 16.0
    Machinery operators & drivers 148 14.0
    Labourers 144 13.6
    Others 302 28.5
    Occupation
    Census Count Percent(%)
    Infants/Primary 186 35.0
    Secondary 137 25.8
    Technical or Further Educational Institution 57 10.7
    University or other Tertiary Institutions 75 14.1
    Other type of educational institution 49 9.2
    Others 28 5.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2325 92.2
    Flat, unit or apartment 106 4.2
    Semi-detached, row or terrace house, townhouse 55 2.2
    Caravan, cabin, houseboat 34 1.3
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 387 40.4
    Being purchased 286 29.9
    Rented 279 29.1
    Other tenure type 6 0.6
    Tenure Type
Census 2011, ABS
Chart Table