Suburb Profile Report for Laverton VIC (3028)

Laverton House: Median price $555,000, Annual capital growth 7.41%, Number of sales 68, Weekly median advertised rent $340

Laverton Unit: Median price $425,750, Annual capital growth 13.33%, Number of sales 15, Weekly median advertised rent $380

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

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

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  • House Report
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Investment property in Laverton has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.56%

Taking the average capital gain, or increase in median house value, Laverton,3028 has racked up an average of -3.56% over the period. This ranks it number 242th in the whole country for real estate investors looking at median house price increases.

Sellers are offering property buyers an average discount of -7.53% to buyers in Laverton at the moment, which is less than average for the rest of VIC.

With the median price for a house in Laverton being $555000 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 3.19%

If you compare the increase in value of investment property in Laverton, 3028 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was -1.79%.

Comparing Laverton,3028 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Renters in Suburb are facing rents around $19760 per annum or $380 every week.

Information supplied by:


April 2018

M
O

W
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House market is hot

Postcode: 3028

Median house price: $529,000

Three-year growth: 49.4%

Rental yield: 3.1%

Situated 17km south of Melbourne, the house market in the suburb of Laverton is in popular demand.

In the 12 months leading up to January 2018, Laverton reported over 25% increase in prices for a median of almost $530,000. The average annual growth rate is nearly 10% following a five-year period of considerable growth.

Laverton is particularly warm in the summer, and is the site of the Melbourne Ballpark baseball stadium. Trains on the Werribee railway line pass through Laverton station. The suburb is also connected to various arterial roads, including the Princes Freeway.

Laverton has several primary schools and a high school. It is the home of the first Laverton Air Scout group, which meets near the railway station.

Metrics i HOUSE UNIT
$555,000 $425,750
-0.89% 0.00%
-3.56% -1.79%
7.41% 13.33%
$340 $380
68 15
3.19% 4.64%
94.5740740740741 90.8076923076923

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

DSR Score for property investment : Below average (H), Balanced (U)
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Demographics
Total population 4064
Median household income ($/weekly) 953
Median age of persons 31
Median housing loan repayment ($/monthly) 1300
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 419 10.3
    20-24 years 448 11.0
    25-34 years 942 23.2
    35-44 years 511 12.6
    45-54 years 491 12.1
    Others 1253 30.8
    Age Group
    Census Count Percent(%)
    Not Married 1748 55.6
    Registered Married 1202 38.3
    Defacto Relationship 192 6.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 1918 50.7
    Indonesia 571 15.1
    Philippines 105 2.8
    United Kingdom 139 3.7
    Other 445 11.8
    Others 603 15.9
    Country of Birth
    Census Count Percent(%)
    Christianity 2081 56.5
    Hinduism 277 7.5
    Islam 152 4.1
    Other Religious Groups 313 8.5
    No Religion 727 19.7
    Others 136 3.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 136 10.7
    $600-$799 199 15.7
    $800-$999 140 11.0
    $1,000-$1,249 138 10.9
    $1,500-$1,999 161 12.7
    Others 494 39.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1267 40.2
    Employed, worked full-time 976 31.0
    Employed, worked part-time 577 18.3
    Unemployed, looking for work 200 6.3
    Employed, away from work 132 4.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 180 10.7
    Technicians & trades workers 252 14.9
    Clerical & administrative workers 205 12.2
    Machinery operators & drivers 252 14.9
    Labourers 352 20.9
    Others 446 26.4
    Occupation
    Census Count Percent(%)
    Infants/Primary 222 22.4
    Secondary 216 21.8
    Technical or Further Educational Institution 189 19.0
    University or other Tertiary Institutions 176 17.7
    Other type of educational institution 155 15.6
    Others 35 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3500 90.8
    Flat, unit or apartment 226 5.9
    Semi-detached, row or terrace house, townhouse 121 3.1
    House or flat attached to a shop, office 7 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 593 43.3
    Being purchased 404 29.5
    Fully owned 367 26.8
    Other tenure type 5 0.4
    Tenure Type
Census 2011, ABS
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