Suburb Profile Report for Taylors Lakes VIC (3038)

Taylors Lakes House: Median price $745,000, Annual capital growth 6.59%, Number of sales 124, Weekly median advertised rent $450

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

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House Report

Property investors who have had real estate in Taylors Lakes, 3038 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 6.81%

When looking at the potential capital gains offered to property investors over the last 3 years, Taylors Lakes comes in at number 271th in VIC.

Property investors looking for a bargain in Taylors Lakes should be aiming for at least -4.37% off the asking price, which is the average vendor discount being achieved at the moment.

A $450 per week rent on the median house gives suburb investors a gross yield of circa 3.14%, without taking into account capital value appreciation, which has been averaging out at 6.59%.

Metrics	HOUSE	UNIT
Median price	$745,000	N/A
Quarterly growth	-0.67%	N/A
12-month growth	6.81%	N/A
Average Annual Growth	6.59%	N/A
Weekly median advertised rent	$450	N/A
Number of sales	124	N/A
Gross rental yield	3.14%	N/A
Days on market	47.36	N/A

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload but we note that our providers routinely update data and we are currently working on a solution to include these retrospective updates.

Your estimated repayment
$3,012.56/monthDo you qualify?

Based on the median price for this suburb and an 80% LVR loan over 25 yrs with 3.59% interest rate.

DSR Score for property investment : Good (H), Good (U)

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Demographics

Total population	16095
Median household income ($/weekly)	1661
Median age of persons	37
Median housing loan repayment ($/monthly)	1600
Average household size	3.3

Census	Count	Percent(%)
5-14 years	2294	14.3
15-19 years	1531	9.5
35-44 years	2369	14.7
45-54 years	3017	18.7
55-64 years	1903	11.8
Others	4982	31.0

Age Group

Census	Count	Percent(%)
Registered Married	7243	57.7
Not Married	4904	39.1
Defacto Relationship	401	3.2

Social Marital Status

Census	Count	Percent(%)
Australia	10508	67.8
Germany	361	2.3
Indonesia	491	3.2
Japan	481	3.1
Other	762	4.9
Others	2893	18.7

Country of Birth

Census	Count	Percent(%)
Buddhism	451	2.9
Christianity	12149	79.3
Hinduism	282	1.8
Islam	749	4.9
No Religion	1435	9.4
Others	254	1.7

Religious Affiliation

Census	Count	Percent(%)
$1,000-$1,249	361	8.5
$1,250-$1,499	349	8.2
$1,500-$1,999	660	15.5
$2,000-$2,499	559	13.1
$2,500-$2,999	443	10.4
Others	1888	44.3

Gross Household Income (Weekly)

Census	Count	Percent(%)
Employed, worked full-time	5278	41.8
Not in the labour force	3669	29.1
Employed, worked part-time	2706	21.4
Employed, away from work	548	4.3
Unemployed, looking for work	421	3.3

Person Characteristics

Census	Count	Percent(%)
Managers	1020	12.0
Professionals	1308	15.3
Technicians & trades workers	1289	15.1
Clerical & administrative workers	1571	18.4
Sales	1173	13.8
Others	2169	25.4

Occupation

Census	Count	Percent(%)
Pre-school	256	5.8
Infants/Primary	1403	31.6
Secondary	1510	34.0
Technical or Further Educational Institution	329	7.4
University or other Tertiary Institutions	845	19.0
Others	100	2.3

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	15308	97.4
Semi-detached, row or terrace house, townhouse	377	2.4
Flat, unit or apartment	36	0.2
Caravan, cabin, houseboat	0	0.0
Improvised home, tent, sleepers out	0	0.0
Others	0	0.0