Suburb Profile Report for Strathmore VIC (3041)

Strathmore House: Median price $1,390,000, Annual capital growth 8.28%, Number of sales 104, Weekly median advertised rent $510

Strathmore Unit: Median price $686,500, Annual capital growth 6.58%, Number of sales 23, Weekly median advertised rent $383

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

Strathmore, 3041 ranked 56th 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

When looking at the potential capital gains offered to property investors over the last 3 years, Strathmore comes in at number 46th in VIC.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Strathmore, 3041. Typically our figures indicate that -8.37% is being offered, which puts this VIC suburb at 562th most discounted overall in Australia.

Often selling an investment property can take time, and in Strathmore the average time real estate has been on the market is 46.36 days.

Renters in Suburb are facing rents around $26520 per annum or $510 every week.

Property value increases in Strathmore have tracked close to the VIC average of 7.50% over the last 12 months.

Comparing Strathmore,3041 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Strathmore, 3041 is offering VIC ‘s 289th 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.

Strathmore is 346th on a list of best yielding suburbs for rents in VIC with a 2.90% return

Metrics i HOUSE UNIT
$1,390,000 $686,500
6.11% 7.27%
22.47% 8.03%
8.28% 6.58%
$510 $383
104 23
1.91% 2.90%
46.36 46.2

Source: CoreLogic

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