Suburb Profile Report for Cairnlea VIC (3023)

Cairnlea House: Median price $685,000, Annual capital growth 7.87%, Number of sales 93, Weekly median advertised rent $433

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

Source: CoreLogic

  • House Report

Property investors who have had real estate in Cairnlea, 3023 should be relatively pleased 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 11.11%

If we look at median property appreciation over just the last three months, Cairnlea has given property investors a paper return of -3.52%. This puts Suburb as 650 on a list of fastest fasting appreciating suburbs in VIC

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.04% offered to property buyers. Sellers in Cairnlea itself are offering an average vendor discount of -3.58% to real estate investors.

At number 1681 in a list of fastest selling suburbs, Cairnlea is just in the top half of suburbs in Australia with an average of days on market 67.18 for properties listed there.

Situated 16.87km from the CBD, Cairnlea is one of Brimbank localities in the postcode 3023.

Metrics i HOUSE UNIT
$685,000 N/A
-3.52% N/A
11.11% N/A
7.87% N/A
$433 N/A
93 N/A
3.28% N/A
67.18 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Cairnlea VIC
Demographics
Total population 8838
Median household income ($/weekly) 1535
Median age of persons 31
Median housing loan repayment ($/monthly) 2000
Average household size 3.5
  • Census Count Percent(%)
    5-14 years 1438 16.3
    25-34 years 1438 16.3
    35-44 years 1629 18.4
    45-54 years 1190 13.5
    55-64 years 761 8.6
    Others 2383 27.0
    Age Group
    Census Count Percent(%)
    Registered Married 3407 53.7
    Not Married 2635 41.6
    Defacto Relationship 298 4.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 3950 47.1
    Indonesia 232 2.8
    Philippines 490 5.8
    Viet Nam 1566 18.7
    Other 706 8.4
    Others 1439 17.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 2026 24.5
    Christianity 4300 51.9
    Hinduism 199 2.4
    Islam 713 8.6
    No Religion 904 10.9
    Others 141 1.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 206 9.5
    $1,250-$1,499 209 9.7
    $1,500-$1,999 359 16.6
    $2,000-$2,499 287 13.3
    $2,500-$2,999 206 9.5
    Others 895 41.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2684 42.5
    Not in the labour force 1978 31.3
    Employed, worked part-time 1037 16.4
    Unemployed, looking for work 319 5.1
    Employed, away from work 297 4.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 677 16.9
    Technicians & trades workers 533 13.3
    Clerical & administrative workers 585 14.6
    Machinery operators & drivers 510 12.7
    Labourers 540 13.4
    Others 1172 29.2
    Occupation
    Census Count Percent(%)
    Pre-school 173 7.2
    Infants/Primary 836 34.6
    Secondary 708 29.3
    Technical or Further Educational Institution 186 7.7
    University or other Tertiary Institutions 411 17.0
    Others 100 4.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7892 92.2
    Semi-detached, row or terrace house, townhouse 668 7.8
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1529 64.8
    Fully owned 511 21.7
    Rented 311 13.2
    Other tenure type 7 0.3
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals