Suburb Profile Report for Abbotsford VIC (3067)

Abbotsford House: Median price $1,240,000, Annual capital growth 7.98%, Number of sales 57, Weekly median advertised rent $620

Abbotsford Unit: Median price $515,000, Annual capital growth 3.78%, Number of sales 157, Weekly median advertised rent $470

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

Property value increases in Abbotsford have tracked lower than the VIC average of 8.62% over the last 12 months.

While Abbotsford,3067 ranked number 496th in VIC for increase in median house value (annualised) increase, it is ranked 80th over the last 5 years.

Abbotsford, 3067 is offering VIC ‘s 318th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.

Often selling an investment property can take time, and in Abbotsford the average time real estate has been on the market is 43 days.

A $620 per week rent on the median house gives suburb investors a gross yield of circa 2.60%, without taking into account capital value appreciation, which has been averaging out at 7.98%.

Investment property in Abbotsford has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -7.87%

A -7.54% growth in median value for property investors in Abbotsford,3067 puts this suburb at number 193th in terms of best performing suburbs in VIC

LACK OF BUYER INTEREST may well be the reason that Abbotsford is offering property investors an average of -4.65. This rate of discount on properties puts Suburb at number 76th in terms of most discounted suburbs in VIC

Situated 2.15km from the CBD, Abbotsford is one of Yarra localities in the postcode 3067.

Metrics i HOUSE UNIT
$1,240,000 $515,000
-0.60% 0.49%
-5.34% -7.87%
7.98% 3.78%
$620 $470
57 157
2.60% 4.75%
43 70.97

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Abbotsford VIC
Demographics
Total population 4907
Median household income ($/weekly) 1793
Median age of persons 35
Median housing loan repayment ($/monthly) 2200
Average household size 2.3
  • Census Count Percent(%)
    20-24 years 378 7.7
    25-34 years 1400 28.5
    35-44 years 846 17.2
    45-54 years 600 12.2
    55-64 years 475 9.7
    Others 1208 24.6
    Age Group
    Census Count Percent(%)
    Not Married 1879 52.8
    Registered Married 1024 28.8
    Defacto Relationship 658 18.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2903 67.3
    Papua New Guinea 139 3.2
    United Kingdom 191 4.4
    Viet Nam 355 8.2
    Other 135 3.1
    Others 593 13.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 385 9.5
    Christianity 1676 41.2
    Hinduism 29 0.7
    Judaism 29 0.7
    No Religion 1907 46.9
    Others 44 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 198 12.1
    $2,000-$2,499 154 9.4
    $2,500-$2,999 216 13.2
    $3,000-$3,499 131 8.0
    $4,000 or more 160 9.8
    Others 781 47.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1890 48.4
    Not in the labour force 987 25.3
    Employed, worked part-time 730 18.7
    Employed, away from work 161 4.1
    Unemployed, looking for work 133 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 427 15.3
    Professionals 1144 41.1
    Technicians & trades workers 221 7.9
    Community & personal service workers 241 8.7
    Clerical & administrative workers 334 12.0
    Others 417 15.0
    Occupation
    Census Count Percent(%)
    Pre-school 46 5.1
    Infants/Primary 170 18.8
    Secondary 123 13.6
    Technical or Further Educational Institution 96 10.6
    University or other Tertiary Institutions 422 46.7
    Others 46 5.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Semi-detached, row or terrace house, townhouse 1709 41.8
    Separate house 1283 31.4
    Flat, unit or apartment 1072 26.2
    House or flat attached to a shop, office 28 0.7
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 766 42.3
    Being purchased 599 33.1
    Fully owned 437 24.1
    Other tenure type 10 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals