Suburb Profile Report for Collingwood VIC (3066)

Collingwood House: Median price $880,000, Annual capital growth 5.14%, Number of sales 51, Weekly median advertised rent $650

Collingwood Unit: Median price $572,500, Annual capital growth 3.41%, Number of sales 134, Weekly median advertised rent $515

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
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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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Property value increases in Collingwood have tracked lower than the VIC average of -1.69% over the last 12 months.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Collingwood has increased when compared to the 5 year average annual rate.

LACK OF BUYER INTEREST may well be the reason that Collingwood is offering property investors an average of -6.82. This rate of discount on properties puts Suburb at number 366th in terms of most discounted suburbs in VIC

A $650 per week rent on the median house gives suburb investors a gross yield of circa 3.84%, without taking into account capital value appreciation, which has been averaging out at 5.14%.

VIC has seen average median house prices change by 0.10% which means that Collingwood, 3066 has done well for property investors by showing a capital gain of 7.26% over the last year

A 1.33% growth in median value for property investors in Collingwood,3066 puts this suburb at number 86th in terms of best performing suburbs in VIC

At number 218th of VIC’s most discounted properties, Collingwood is in the TOP 20% of the state/territory when listing in order of most discounted to least.

In the last year 134 properties changed hands in Collingwood, which puts it as the 33th most active market in VIC when comparing the number of sales per suburb.

Advertised rents are around the $515 mark per week – giving a return of 4.68% based on the median price in Suburb

Alana Coleman & Gillian Powell Information supplied by:

Alana Coleman & Gillian Powell
Caine Real Estate

M 0447-393012
O 0447393016

Investment property in Suburb has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.98%
Comparing Collingwood,3066 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.56% offered to property buyers. Sellers in Collingwood itself are offering an average vendor discount of -7.82% to real estate investors.
On average over the past year, suburb has had 5.25 sales per month, which equates to 63 per year.
With the median price for a house in Collingwood being $730000 and the advertised rent reaching $520 the gross rental yield for property investors calculates out to be 3.70%
Selling points: 3km to CBD, one of the oldest suburbs in Melbourne, divers culture & shopping, historic buildings, 19th century dwellings.
Most sought-after properties: Warehouse conversions
Most common properties: Terraces (houses) and warehouse conversions.
Top amenities: Cafe's, Restaurants, transport link, close to gent CBD
Local industry and business: Close to EM medical, Administration Capital
Recent Changes: New developments in stanley street
Best streets: Oxford street, Stanley Street, Combridge street
Public transport: Trams on smith street/gertrude st melbourne, johnson st/ Peel st. etc.
Main arteries: Collingwood train station


Metrics i HOUSE UNIT
$880,000 $572,500
-2.22% 3.15%
-19.45% 7.26%
5.14% 3.41%
$650 $515
51 134
3.84% 4.68%
72.6774193548387 72.5833333333333

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 : Good (H), Good (U)
Find a mortgage broker in Collingwood VIC
Total population 6467
Median household income ($/weekly) 1278
Median age of persons 32
Median housing loan repayment ($/monthly) 2167
Average household size 2
  • Census Count Percent(%)
    5-14 years 445 6.9
    20-24 years 513 7.9
    25-34 years 2045 31.6
    35-44 years 1193 18.4
    45-54 years 724 11.2
    Others 1547 23.9
    Age Group
    Census Count Percent(%)
    Not Married 2716 58.2
    Registered Married 1041 22.3
    Defacto Relationship 913 19.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 3492 62.3
    Papua New Guinea 206 3.7
    United Kingdom 227 4.0
    Viet Nam 381 6.8
    Other 545 9.7
    Others 755 13.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 492 9.2
    Christianity 2031 37.8
    Islam 454 8.5
    Other Religious Groups 38 0.7
    No Religion 2304 42.9
    Others 49 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 213 8.8
    $400-$599 193 8.0
    $1,500-$1,999 253 10.4
    $2,000-$2,499 201 8.3
    $2,500-$2,999 271 11.2
    Others 1295 53.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2369 48.4
    Not in the labour force 1340 27.4
    Employed, worked part-time 795 16.2
    Unemployed, looking for work 240 4.9
    Employed, away from work 155 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 480 14.5
    Professionals 1318 39.7
    Technicians & trades workers 288 8.7
    Community & personal service workers 282 8.5
    Clerical & administrative workers 402 12.1
    Others 549 16.5
    Census Count Percent(%)
    Infants/Primary 216 16.8
    Secondary 159 12.3
    Technical or Further Educational Institution 223 17.3
    University or other Tertiary Institutions 537 41.7
    Other type of educational institution 86 6.7
    Others 67 5.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Semi-detached, row or terrace house, townhouse 2551 45.9
    Flat, unit or apartment 2108 37.9
    Separate house 811 14.6
    House or flat attached to a shop, office 87 1.6
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1733 65.4
    Being purchased 607 22.9
    Fully owned 296 11.2
    Other tenure type 12 0.5
    Tenure Type
Census 2011, ABS
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