Suburb Profile Report for Ivanhoe East VIC (3079)

Ivanhoe East House: Median price $1,702,000, Annual capital growth 6.90%, Number of sales 36, Weekly median advertised rent $735

Ivanhoe East Unit: Median price $597,000, Annual capital growth 12.03%, Number of sales 11, Weekly median advertised rent $430

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

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

  • House Report
  • Unit Report

At number 3409th in the list of Australian suburbs ordered by increase in median house value over the last year, Ivanhoe East, 3079 is in the BOTTOM 20% with a property value increase of -9.37% recorded in median house prices.

Comparing Ivanhoe East,3079 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

At number 408th of VIC’s most discounted properties, Ivanhoe East is in the TOP 30% of the state/territory when listing in order of most discounted to least.

A $735 per week rent on the median house gives suburb investors a gross yield of circa 2.25%, without taking into account capital value appreciation, which has been averaging out at 6.90%.

Property value increases in Ivanhoe East have tracked lower than the VIC average of 2.76% over the last 12 months.

Over the longer term, Ivanhoe East has seen property prices show investors a -26.75% return over the last 3 years. This is an improvement over the last 12 months

Using the current median advertised rental of $430 and the average annual increase in value of a median property of 12.03%, investors should hope to achieve an overall return of 3.75%

Metrics i HOUSE UNIT
$1,702,000 $597,000
1.37% N/A
-9.37% -13.35%
6.90% 12.03%
$735 $430
36 11
2.25% 3.75%
95.7777777777778 N/A

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

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 3761
Median household income ($/weekly) 2096
Median age of persons 41
Median housing loan repayment ($/monthly) 2500
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 534 14.2
    25-34 years 318 8.5
    35-44 years 492 13.1
    45-54 years 614 16.3
    55-64 years 502 13.3
    Others 1302 34.6
    Age Group
    Census Count Percent(%)
    Registered Married 1576 57.0
    Not Married 1046 37.8
    Defacto Relationship 143 5.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 2884 79.6
    Croatia 61 1.7
    Japan 91 2.5
    United Kingdom 152 4.2
    Other 96 2.6
    Others 340 9.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 36 1.0
    Christianity 2376 68.0
    Hinduism 45 1.3
    Other Religious Groups 25 0.7
    No Religion 980 28.1
    Others 31 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 124 10.9
    $2,000-$2,499 87 7.6
    $2,500-$2,999 172 15.1
    $3,000-$3,499 123 10.8
    $4,000 or more 145 12.7
    Others 490 42.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1140 39.0
    Not in the labour force 935 32.0
    Employed, worked part-time 694 23.7
    Employed, away from work 87 3.0
    Unemployed, looking for work 68 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 361 18.8
    Professionals 768 40.0
    Technicians & trades workers 120 6.3
    Clerical & administrative workers 253 13.2
    Sales 186 9.7
    Others 231 12.0
    Occupation
    Census Count Percent(%)
    Pre-school 83 7.8
    Infants/Primary 353 33.0
    Secondary 310 29.0
    Technical or Further Educational Institution 44 4.1
    University or other Tertiary Institutions 253 23.6
    Others 27 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3121 88.7
    Flat, unit or apartment 281 8.0
    Semi-detached, row or terrace house, townhouse 118 3.4
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 585 46.2
    Being purchased 410 32.4
    Rented 271 21.4
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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