Suburb Profile Report for Sydenham VIC (3037)

Sydenham House: Median price $597,250, Annual capital growth 5.00%, Number of sales 78, Weekly median advertised rent $420

Sydenham Unit: Median price $425,000, Annual capital growth 4.65%, Number of sales 61, Weekly median advertised rent $370

  • 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

Property value increases in Sydenham have tracked just lower than the VIC average of 4.41% over the last 12 months.

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

Using the current median advertised rental of $420 and the average annual increase in value of a median property of 5.00%, investors should hope to achieve an overall return of 3.66%

If you compare the increase in value of investment property in Sydenham, 3037 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 -1.16%.

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

LACK OF BUYER INTEREST may well be the reason that Sydenham is offering property investors an average of -5.85. This rate of discount on properties puts Suburb at number 140th in terms of most discounted suburbs in VIC

Metrics i HOUSE UNIT
$597,250 $425,000
-0.38% 1.67%
-0.62% -1.16%
5.00% 4.65%
$420 $370
78 61
3.66% 4.53%
51.3333333333333 70.7837837837838

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), Good (U)
Find a mortgage broker in Sydenham VIC
Demographics
Total population 10323
Median household income ($/weekly) 1419
Median age of persons 31
Median housing loan repayment ($/monthly) 1625
Average household size 3
  • Census Count Percent(%)
    5-14 years 1509 14.6
    20-24 years 824 8.0
    25-34 years 1796 17.4
    35-44 years 1705 16.5
    45-54 years 1414 13.7
    Others 3075 29.8
    Age Group
    Census Count Percent(%)
    Registered Married 3807 52.1
    Not Married 3037 41.6
    Defacto Relationship 458 6.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 5644 58.2
    Egypt 182 1.9
    Indonesia 1071 11.1
    Philippines 309 3.2
    Other 691 7.1
    Others 1795 18.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 426 4.5
    Christianity 6498 68.4
    Islam 490 5.2
    Other Religious Groups 493 5.2
    No Religion 1163 12.2
    Others 433 4.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 286 10.0
    $1,250-$1,499 291 10.2
    $1,500-$1,999 484 17.0
    $2,000-$2,499 347 12.2
    $2,500-$2,999 260 9.1
    Others 1180 41.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3204 43.4
    Not in the labour force 2058 27.9
    Employed, worked part-time 1457 19.7
    Employed, away from work 331 4.5
    Unemployed, looking for work 328 4.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 742 14.8
    Technicians & trades workers 758 15.2
    Clerical & administrative workers 855 17.1
    Sales 526 10.5
    Labourers 569 11.4
    Others 1547 31.0
    Occupation
    Census Count Percent(%)
    Pre-school 178 6.6
    Infants/Primary 935 34.9
    Secondary 783 29.2
    Technical or Further Educational Institution 247 9.2
    University or other Tertiary Institutions 405 15.1
    Others 129 4.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7337 76.6
    Flat, unit or apartment 1758 18.4
    Semi-detached, row or terrace house, townhouse 477 5.0
    House or flat attached to a shop, office 4 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1414 45.9
    Rented 897 29.1
    Fully owned 760 24.7
    Other tenure type 12 0.4
    Tenure Type
Census 2011, ABS
Chart Table