Suburb Profile Report for Mickleham VIC (3064)

Mickleham House: Median price $506,250, Annual capital growth 21.65%, Number of sales 158, Weekly median advertised rent $410

  • 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.

  • Expert Report
  • House Report

Investment property in Mickleham 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 -1.70%

Mickleham,3064 has offered an average of -1.70% return per annum in house price rises to property investors over the last three years.

Sellers are offering property buyers an average discount of -10.44% to buyers in Mickleham at the moment, which is less than average for the rest of VIC.

In the last year 158 properties changed hands in Mickleham, which puts it as the 133th most active market in VIC when comparing the number of sales per suburb.

A $410 per week rent on the median house gives suburb investors a gross yield of circa 4.21%, without taking into account capital value appreciation, which has been averaging out at 21.65%.

Information supplied by:


July 2017

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Just beyond the Urban Growth Boundary of Melbourne sits the suburb of Mickleham. The decline in the housing market over the past five years has pushed its median price to just over $400,000, making this suburb an affordable pocket.

Rental returns come in at an average of 4.7%; thus, investors will be getting bang for their buck. The suburb is also about 10 minutes away from the hub of amenities in nearby Craigieburn, meaning residents won’t miss out on conveniences such as shopping, sports facilities, schools and dining options. Craigieburn also offers access to public transport, including several bus routes and railway services.

The Melbourne CBD is roughly a 45-minute drive away.


 
Metrics i HOUSE UNIT
$506,250 N/A
0.25% N/A
-1.70% N/A
21.65% N/A
$410 N/A
158 N/A
4.21% N/A
81.1392405063291 N/A

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 : Balanced (H), Balanced (U)
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Demographics
Total population 1184
Median household income ($/weekly) 1908
Median age of persons 37
Median housing loan repayment ($/monthly) 2500
Average household size 3.6
  • Census Count Percent(%)
    5-14 years 207 17.5
    15-19 years 108 9.1
    35-44 years 203 17.1
    45-54 years 200 16.9
    55-64 years 141 11.9
    Others 325 27.4
    Age Group
    Census Count Percent(%)
    Registered Married 552 62.8
    Not Married 279 31.7
    Defacto Relationship 48 5.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 889 77.6
    Japan 68 5.9
    Turkey 20 1.7
    United Kingdom 28 2.4
    Other 37 3.2
    Others 104 9.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 10 0.9
    Christianity 876 79.1
    Islam 92 8.3
    Other Religious Groups 18 1.6
    No Religion 107 9.7
    Others 4 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 35 12.9
    $1,250-$1,499 25 9.2
    $1,500-$1,999 45 16.5
    $2,000-$2,499 44 16.2
    $2,500-$2,999 40 14.7
    Others 83 30.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 383 42.8
    Not in the labour force 254 28.4
    Employed, worked part-time 194 21.7
    Employed, away from work 51 5.7
    Unemployed, looking for work 12 1.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 81 13.0
    Professionals 71 11.4
    Technicians & trades workers 125 20.0
    Clerical & administrative workers 117 18.8
    Machinery operators & drivers 67 10.7
    Others 163 26.1
    Occupation
    Census Count Percent(%)
    Infants/Primary 119 37.1
    Secondary 119 37.1
    University or other Tertiary Institutions 45 14.0
    Pre-school 20 6.2
    Technical or Further Educational Institution 18 5.6
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1129 97.8
    Semi-detached, row or terrace house, townhouse 20 1.7
    Flat, unit or apartment 5 0.4
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 183 57.9
    Fully owned 112 35.4
    Rented 16 5.1
    Other tenure type 5 1.6
    Tenure Type
Census 2011, ABS
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