Suburb Profile Report for Gladstone Park VIC (3043)

Gladstone Park House: Median price $628,000, Annual capital growth 9.10%, Number of sales 93, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report

At number 280th in the list of Australian suburbs ordered by increase in median house value over the last year, Gladstone Park, 3043 is in the top 10% with a property value increase of 24.36% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Gladstone Park,3043 has racked up an average of 24.36% over the period. This ranks it number 223th in the whole country for real estate investors looking at median house price increases.

A $380 per week rent on the median house gives suburb investors a gross yield of circa 3.15%, without taking into account capital value appreciation, which has been averaging out at 9.10%.

Metrics i HOUSE UNIT
$628,000 N/A
6.08% N/A
24.36% N/A
9.10% N/A
$380 N/A
93 N/A
3.15% N/A
N/A N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 8329
Median household income ($/weekly) 1122
Median age of persons 42
Median housing loan repayment ($/monthly) 1571
Average household size 2.7
  • Census Count Percent(%)
    25-34 years 1061 12.7
    35-44 years 1027 12.3
    45-54 years 1075 12.9
    55-64 years 1341 16.1
    65-74 years 907 10.9
    Others 2918 35.0
    Age Group
    Census Count Percent(%)
    Registered Married 3437 52.3
    Not Married 2818 42.9
    Defacto Relationship 315 4.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 5061 64.3
    Indonesia 208 2.6
    Japan 341 4.3
    United Kingdom 224 2.8
    Other 366 4.6
    Others 1674 21.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 203 2.6
    Christianity 6016 77.7
    Hinduism 64 0.8
    Islam 398 5.1
    No Religion 1047 13.5
    Others 18 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 286 10.7
    $600-$799 295 11.1
    $800-$999 277 10.4
    $1,000-$1,249 270 10.1
    $1,500-$1,999 347 13.0
    Others 1190 44.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2690 40.2
    Employed, worked full-time 2454 36.7
    Employed, worked part-time 1063 15.9
    Employed, away from work 249 3.7
    Unemployed, looking for work 232 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 479 12.7
    Technicians & trades workers 622 16.5
    Community & personal service workers 396 10.5
    Clerical & administrative workers 733 19.5
    Labourers 368 9.8
    Others 1164 30.9
    Occupation
    Census Count Percent(%)
    Pre-school 83 5.1
    Infants/Primary 522 32.3
    Secondary 530 32.8
    Technical or Further Educational Institution 188 11.6
    University or other Tertiary Institutions 245 15.2
    Others 49 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7831 99.1
    Flat, unit or apartment 45 0.6
    Semi-detached, row or terrace house, townhouse 27 0.3
    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 1413 48.9
    Being purchased 946 32.8
    Rented 523 18.1
    Other tenure type 5 0.2
    Tenure Type
Census 2011, ABS
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