Suburb Profile Report for Taylors Lakes VIC (3038)

Taylors Lakes House: Median price $747,250, Annual capital growth 6.08%, Number of sales 95, Weekly median advertised rent $450

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

Are you moving house? Our tip: move your mortgage too.

House Report

Property investors who have had real estate in Taylors Lakes, 3038 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -0.10%

Over the longer term, Taylors Lakes has seen property prices show investors a 20.33% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -3.65% to buyers in Taylors Lakes at the moment, which is less than average for the rest of VIC.

Often selling an investment property can take time, and in Taylors Lakes the average time real estate has been on the market is 51.0426 days.

Advertised rents are around the $450 mark per week – giving a return of 3.13% based on the median price in Suburb

Metrics	HOUSE	UNIT
Median price	$747,250	N/A
Quarterly growth	2.68%	N/A
12-month growth	-0.10%	N/A
Average Annual Growth	6.08%	N/A
Weekly median advertised rent	$450	N/A
Number of sales	95	N/A
Gross rental yield	3.13%	N/A
Days on market	51.0425531914894	N/A

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

Find another suburb

Find a mortgage broker in Taylors Lakes VIC

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