Suburb Profile Report for Travancore VIC (3032)

Travancore Unit: Median price $343,750, Annual capital growth -1.23%, Number of sales 32, Weekly median advertised rent $420

  • 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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VIC has seen average median house prices change by 0.68% which means that Travancore, 3032 has done well for property investors by showing a capital gain of -3.17% over the last year

Taking the average capital gain, or increase in median house value, Travancore,3032 has racked up an average of -3.17% over the period. This ranks it number 1152th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Travancore is giving property investors an average Vendor Discount of around -6.60%. This puts suburb at number 111th in VIC when ranking the most discounted suburbs.

In the last year 32 properties changed hands in Travancore, which puts it as the 189th most active market in VIC when comparing the number of sales per suburb.

Travancore is 9th on a list of best yielding suburbs for rents in VIC with a 6.35% return

Information supplied by:


October 2018

M
O

W
E

Stagnant performance in inner west suburb

Postcode: 3032

Median unit price: $345,000

Three-year growth: -7.3%

Rental yield: 6.2%

Located in Melbourne’s inner west, the suburb of Travancore has had a flat performance in the July 2017-2018 period.

Apartments are very affordable here at under $350,000, and prices are not looking to change as the market did not record any growth during this period. Investors may not be getting the capital growth, but they are able to reap strong cash flows from the high average rental yield of 6.2%, which comes off an average weekly rent rate of $410.

Named for the Travancore Mansion built in the 1800s, this suburb boasts a collection of homes with Deco-inspired architecture. The front gates of the old mansion serve as the entrance to Flemington Primary School. In addition, Travancore is home to a namesake park and Delhi Reserve, which lies along Moonee Ponds Creek. The suburb is bordered by Tullamarine Freeway and Mount Alexander Road. 

Metrics i HOUSE UNIT
N/A $343,750
N/A -0.36%
N/A -3.17%
N/A -1.23%
N/A $420
N/A 32
N/A 6.35%
N/A 62.7272727272727

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 : Balanced (H), Above average (U)
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Demographics
Total population 1700
Median household income ($/weekly) 1365
Median age of persons 29
Median housing loan repayment ($/monthly) 2000
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 314 18.5
    25-34 years 586 34.5
    35-44 years 202 11.9
    45-54 years 131 7.7
    55-64 years 141 8.3
    Others 326 19.2
    Age Group
    Census Count Percent(%)
    Not Married 700 51.2
    Registered Married 442 32.3
    Defacto Relationship 226 16.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 820 52.3
    Croatia 138 8.8
    Indonesia 66 4.2
    Malta 67 4.3
    Other 142 9.1
    Others 336 21.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 80 5.3
    Christianity 617 41.1
    Hinduism 72 4.8
    Islam 103 6.9
    No Religion 608 40.5
    Others 22 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 55 8.0
    $1,000-$1,249 77 11.2
    $1,250-$1,499 75 10.9
    $1,500-$1,999 98 14.2
    $2,500-$2,999 64 9.3
    Others 321 46.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 662 46.3
    Not in the labour force 422 29.5
    Employed, worked part-time 231 16.2
    Unemployed, looking for work 80 5.6
    Employed, away from work 34 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 109 11.7
    Professionals 368 39.7
    Technicians & trades workers 87 9.4
    Clerical & administrative workers 148 15.9
    Sales 70 7.5
    Others 146 15.7
    Occupation
    Census Count Percent(%)
    Infants/Primary 51 10.5
    Secondary 33 6.8
    Technical or Further Educational Institution 48 9.8
    University or other Tertiary Institutions 312 63.9
    Other type of educational institution 28 5.7
    Others 16 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 863 57.3
    Separate house 461 30.6
    Semi-detached, row or terrace house, townhouse 183 12.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 428 57.8
    Being purchased 160 21.6
    Fully owned 149 20.1
    Other tenure type 4 0.5
    Tenure Type
Census 2011, ABS
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