Suburb Profile Report for Fawkner VIC (3060)

Fawkner House: Median price $660,000, Annual capital growth 7.52%, Number of sales 119, Weekly median advertised rent $420

Fawkner Unit: Median price $487,500, Annual capital growth 5.79%, Number of sales 49, Weekly median advertised rent $400

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

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

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  • House Report
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Property investors who have had real estate in Fawkner, 3060 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -9.59%

If we look at median property appreciation over just the last three months, Fawkner has given property investors a paper return of -2.94%. This puts Suburb as 554 on a list of fastest fasting appreciating suburbs in VIC

Vendor discounting in Fawkner is giving property investors an average Vendor Discount of around -6.59%. This puts suburb at number 294th in VIC when ranking the most discounted suburbs.

The VIC suburb of Fawkner, 3060 is in the Moreland (C) local government area.

Investment property in Fawkner has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.47%

Fawkner,3060 has offered an average of -3.47% return per annum in house price rises to property investors over the last three years.

Fawkner, 3060 is offering VIC ‘s 91th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this VIC.

Fawkner is 155th on a list of best yielding suburbs for rents in VIC with a 4.26% return

Information supplied by:


June 2018

M
O

W
E

Apartments are on a roll

Postcode: 3060

Median unit price: $467,500

Three-year growth: 46.1%

Rental yield: 3.9%

Within the City of Moreland, the reasonably priced suburb of Fawkner is enjoying strong growth in its unit market.

Apartment prices are coming in at a median of just over $460,000 after a 16.9% increase in the March 2017-2018 period, the continuation of a positive streak that has been running since 2013.

The average annual growth is 7.1%, which indicates Fawkner’s solid history as an investment. The average time on market for such properties is only 49 days, suggesting that there is quite a bit of demand.

Located roughly 30 minutes from the Melbourne CBD, Fawkner offers a lot of accessibility and convenience to residents, including shopping strips on Bonwick Street and the border of Sydney Road that provide dining options as well.

Metrics i HOUSE UNIT
$660,000 $487,500
-2.94% -0.51%
-9.59% -3.47%
7.52% 5.79%
$420 $400
119 49
3.31% 4.26%
62.8333333333333 61.32

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

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 12596
Median household income ($/weekly) 865
Median age of persons 37
Median housing loan repayment ($/monthly) 1625
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1600 12.7
    25-34 years 1796 14.3
    35-44 years 1633 13.0
    45-54 years 1384 11.0
    75-84 years 1220 9.7
    Others 4963 39.4
    Age Group
    Census Count Percent(%)
    Registered Married 4763 51.4
    Not Married 4183 45.2
    Defacto Relationship 314 3.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 5971 50.5
    Indonesia 405 3.4
    Japan 1651 14.0
    Malaysia 413 3.5
    Other 1277 10.8
    Others 2113 17.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 191 1.6
    Christianity 7261 61.8
    Hinduism 203 1.7
    Islam 3078 26.2
    No Religion 886 7.5
    Others 138 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 402 10.6
    $400-$599 573 15.1
    $600-$799 441 11.6
    $1,000-$1,249 406 10.7
    $1,500-$1,999 399 10.5
    Others 1574 41.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4783 51.1
    Employed, worked full-time 2576 27.5
    Employed, worked part-time 1336 14.3
    Unemployed, looking for work 352 3.8
    Employed, away from work 304 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 694 16.5
    Technicians & trades workers 656 15.6
    Clerical & administrative workers 577 13.7
    Sales 454 10.8
    Labourers 565 13.4
    Others 1271 30.1
    Occupation
    Census Count Percent(%)
    Pre-school 198 7.2
    Infants/Primary 948 34.5
    Secondary 756 27.5
    Technical or Further Educational Institution 271 9.9
    University or other Tertiary Institutions 416 15.1
    Others 160 5.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10778 91.1
    Flat, unit or apartment 514 4.3
    Semi-detached, row or terrace house, townhouse 513 4.3
    House or flat attached to a shop, office 26 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2002 49.2
    Being purchased 1030 25.3
    Rented 1007 24.7
    Other tenure type 33 0.8
    Tenure Type
Census 2011, ABS
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