Suburb Profile Report for Hadfield VIC (3046)

Hadfield House: Median price $735,000, Annual capital growth 6.09%, Number of sales 81, Weekly median advertised rent $435

Hadfield Unit: Median price $497,500, Annual capital growth 5.64%, Number of sales 56, Weekly median advertised rent $400

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

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

  • House Report
  • Unit Report

Property value increases in Hadfield have tracked close to the VIC average of 4.41% over the last 12 months.

Across a shorter period, Hadfield, 3046 has seen a median price increase of 0.86% over the last quarter.

Property buyers and investors in Hadfield 3046 should be seeing an average reduction in asking price of around -5.90% . This means that Hadfield is holding prices well when compared to other suburbs in VIC.

With the median price for a house in Hadfield being $735000 and the advertised rent reaching $435 the gross rental yield for property investors calculates out to be 3.08%

VIC has seen average median house prices change by 7.35% which means that Hadfield, 3046 has done well for property investors by showing a capital gain of -9.55% over the last year

Comparing Hadfield,3046 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property buyers and investors in Hadfield 3046 should be seeing an average reduction in asking price of around -5.25% . This means that Hadfield is holding prices well when compared to other suburbs in VIC.

On average over the past year, suburb has had 4.67 sales per month, which equates to 56 per year.

The VIC suburb of Hadfield, 3046 is in the Moreland (C) local government area.

Metrics i HOUSE UNIT
$735,000 $497,500
0.86% 1.79%
2.51% -9.55%
6.09% 5.64%
$435 $400
81 56
3.08% 4.18%
70.3846153846154 91.96

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

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 5366
Median household income ($/weekly) 914
Median age of persons 39
Median housing loan repayment ($/monthly) 1733
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 623 11.6
    25-34 years 719 13.4
    35-44 years 715 13.3
    45-54 years 655 12.2
    65-74 years 546 10.2
    Others 2108 39.3
    Age Group
    Census Count Percent(%)
    Registered Married 2071 51.5
    Not Married 1752 43.5
    Defacto Relationship 202 5.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 3183 64.4
    Japan 430 8.7
    Malaysia 178 3.6
    Netherlands 132 2.7
    Other 260 5.3
    Others 760 15.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 67 1.4
    Christianity 3333 68.3
    Hinduism 42 0.9
    Islam 922 18.9
    No Religion 489 10.0
    Others 25 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 173 10.0
    $400-$599 269 15.5
    $600-$799 191 11.0
    $800-$999 179 10.3
    $1,500-$1,999 206 11.9
    Others 720 41.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1893 46.6
    Employed, worked full-time 1307 32.2
    Employed, worked part-time 610 15.0
    Employed, away from work 140 3.4
    Unemployed, looking for work 115 2.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 286 13.9
    Technicians & trades workers 369 18.0
    Clerical & administrative workers 329 16.0
    Sales 229 11.1
    Machinery operators & drivers 228 11.1
    Others 613 29.8
    Occupation
    Census Count Percent(%)
    Pre-school 68 6.5
    Infants/Primary 364 35.0
    Secondary 323 31.1
    Technical or Further Educational Institution 104 10.0
    University or other Tertiary Institutions 145 14.0
    Others 35 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4442 89.0
    Semi-detached, row or terrace house, townhouse 322 6.5
    Flat, unit or apartment 212 4.2
    House or flat attached to a shop, office 10 0.2
    Improvised home, tent, sleepers out 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 913 48.3
    Being purchased 534 28.3
    Rented 435 23.0
    Other tenure type 7 0.4
    Tenure Type
Census 2011, ABS
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