Suburb Profile Report for Taylors Lakes VIC (3038)

Taylors Lakes House: Median price $723,000, Annual capital growth 7.53%, Number of sales 128, Weekly median advertised rent $430

Taylors Lakes Unit: Median price $444,750, Annual capital growth 6.62%, Number of sales 10, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report

Property value increases in Taylors Lakes have tracked close to the VIC average of 11.69% over the last 12 months.

A 50.26% growth in median value for property investors in Taylors Lakes,3038 puts this suburb at number 341th in terms of best performing suburbs in VIC

Property investors looking for a bargain in Taylors Lakes should be aiming for at least -4.50% off the asking price, which is the average vendor discount being achieved at the moment.

With the median price for a house in Taylors Lakes being $710000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 3.08%

Metrics i HOUSE UNIT
$723,000 $444,750
2.63% N/A
12.97% 10.63%
7.53% 6.62%
$430 N/A
128 10
3.09% N/A
50.64 N/A

Source: CoreLogic

DSR Score for property investment : Very 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
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2152 45.5
    Being purchased 2071 43.8
    Rented 443 9.4
    Other tenure type 59 1.2
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals