Suburb Profile Report for Strathmore VIC (3041)

Strathmore House: Median price $1,275,000, Annual capital growth 7.72%, Number of sales 109, Weekly median advertised rent $500

Strathmore Unit: Median price $646,000, Annual capital growth 5.43%, Number of sales 28, Weekly median advertised rent $390

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

Source: CoreLogic

  • House Report
  • Unit Report

Strathmore, 3041 ranked 348th in VIC when comparing growth in median property values or capital gain over the last 12 months. Strathmore is one of 2098 in our list for VIC

A 60.28% growth in median value for property investors in Strathmore,3041 puts this suburb at number 229th in terms of best performing suburbs in VIC

Vendor discounting in Strathmore is giving property investors an average Vendor Discount of around -9.35%. This puts suburb at number 26th in VIC when ranking the most discounted suburbs.

Renters in Suburb are facing rents around $6000 per annum or $500 every week.

Strathmore has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 16.61% to date .

If we look at median property appreciation over just the last three months, Strathmore has given property investors a paper return of -5.90%. This puts Suburb as 357 on a list of fastest fasting appreciating suburbs in VIC

Strathmore, 3041 is offering VIC ‘s 302th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this VIC.

On average over the past year, suburb has had 2.33 sales per month, which equates to 28 per year.

Strathmore is 309th on a list of best yielding suburbs for rents in VIC with a 3.14% return

Metrics i HOUSE UNIT
$1,275,000 $646,000
2.82% -5.90%
11.84% 16.61%
7.72% 5.43%
$500 $390
109 28
2.04% 3.14%
48.38 41.5

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 8110
Median household income ($/weekly) 1796
Median age of persons 40
Median housing loan repayment ($/monthly) 2050
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 1168 14.4
    15-19 years 679 8.4
    35-44 years 1108 13.7
    45-54 years 1340 16.5
    55-64 years 987 12.2
    Others 2827 34.9
    Age Group
    Census Count Percent(%)
    Registered Married 3324 54.8
    Not Married 2464 40.6
    Defacto Relationship 278 4.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 6462 83.0
    Indonesia 79 1.0
    Japan 195 2.5
    United Kingdom 209 2.7
    Other 177 2.3
    Others 659 8.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 107 1.4
    Christianity 5708 76.1
    Hinduism 58 0.8
    Islam 162 2.2
    No Religion 1433 19.1
    Others 29 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 189 7.9
    $1,500-$1,999 288 12.0
    $2,000-$2,499 243 10.1
    $2,500-$2,999 301 12.5
    $3,000-$3,499 248 10.3
    Others 1131 47.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2521 40.5
    Not in the labour force 1928 31.0
    Employed, worked part-time 1369 22.0
    Employed, away from work 236 3.8
    Unemployed, looking for work 171 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 642 15.6
    Professionals 1109 26.9
    Technicians & trades workers 448 10.9
    Clerical & administrative workers 739 17.9
    Sales 434 10.5
    Others 751 18.2
    Occupation
    Census Count Percent(%)
    Pre-school 144 6.5
    Infants/Primary 774 34.7
    Secondary 706 31.6
    Technical or Further Educational Institution 135 6.1
    University or other Tertiary Institutions 429 19.2
    Others 43 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7033 91.2
    Semi-detached, row or terrace house, townhouse 423 5.5
    Flat, unit or apartment 232 3.0
    House or flat attached to a shop, office 23 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1229 46.6
    Being purchased 1000 38.0
    Rented 397 15.1
    Other tenure type 9 0.3
    Tenure Type
Census 2011, ABS
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