Suburb Profile Report for Hadfield VIC (3046)

Hadfield House: Median price $720,000, Annual capital growth 6.83%, Number of sales 81, Weekly median advertised rent $420

Hadfield Unit: Median price $485,000, Annual capital growth 7.86%, Number of sales 34, Weekly median advertised rent $400

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

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

  • House Report
  • Unit Report

Hadfield has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of -2.51% to date .

Across a shorter period, Hadfield, 3046 has seen a median price increase of 0.00% over the last quarter.

At number 487th of VIC’s most discounted properties, Hadfield is in the TOP 20% of the state/territory when listing in order of most discounted to least.

A $420 per week rent on the median house gives suburb investors a gross yield of circa 3.03%, without taking into account capital value appreciation, which has been averaging out at 6.83%.

Hadfield is in the bottom 10% in VIC when comparing median price capital growth over the last year. Hadfield gave property investors a dismal capital gain figure when compared to the rest of the state, with -16.38%.

Hadfield,3046 has offered an average of -16.38% return per annum in house price rises to property investors over the last three years.

Vendor discounting in Hadfield is giving property investors an average Vendor Discount of around -6.63%. This puts suburb at number 109th in VIC when ranking the most discounted suburbs.

Hadfield is 156th on a list of best yielding suburbs for rents in VIC with a 4.29% return

Metrics i HOUSE UNIT
$720,000 $485,000
0.00% -0.51%
-2.51% -16.38%
6.83% 7.86%
$420 $400
81 34
3.03% 4.29%
60.3255813953488 92.1

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

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