Suburb Profile Report for Abbotsford VIC (3067)

Abbotsford House: Median price $1,030,000, Annual capital growth 5.73%, Number of sales 54, Weekly median advertised rent $650

Abbotsford Unit: Median price $490,500, Annual capital growth -0.96%, Number of sales 145, Weekly median advertised rent $470

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

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Over the last year, property investments in Abbotsford, 3067 have given investors a capital gain of -14.88%. This compares very badly with the 0.01% for VIC as a whole.

A 31.29% growth in median value for property investors in Abbotsford,3067 puts this suburb at number 554th in terms of best performing suburbs in VIC

Vendor discounting in Abbotsford is giving property investors an average Vendor Discount of around -9.03%. This puts suburb at number 61th in VIC when ranking the most discounted suburbs.

The VIC suburb of Abbotsford, 3067 is in the Yarra (C) local government area.

If you compare the increase in value of investment property in Abbotsford, 3067 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was -2.29%.

While Abbotsford,3067 ranked number 319th in VIC for increase in median house value (annualised) increase, it is ranked 341th over the last 5 years.

Vendor discounting in Abbotsford is giving property investors an average Vendor Discount of around -6.10%. This puts suburb at number 144th in VIC when ranking the most discounted suburbs.

On average over the past year, suburb has had 12.08 sales per month, which equates to 145 per year.

Abbotsford is 66th on a list of best yielding suburbs for rents in VIC with a 4.98% return

Metrics i HOUSE UNIT
$1,030,000 $490,500
-0.96% -2.87%
-14.88% -2.29%
5.73% -0.96%
$650 $470
54 145
3.28% 4.98%
54.8529411764706 86.4050632911392

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Balanced (U)
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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