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	HOUSE	UNIT
Median price	$723,000	$444,750
Quarterly growth	2.63%	N/A
12-month growth	12.97%	10.63%
Average Annual Growth	7.53%	6.62%
Weekly median advertised rent	$430	N/A
Number of sales	128	10
Gross rental yield	3.09%	N/A
Days on market	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