Suburb Profile Report for Viewbank VIC (3084)

Viewbank House: Median price $870,000, Annual capital growth 6.51%, Number of sales 85, Weekly median advertised rent $488

Viewbank Unit: Median price $636,500, Annual capital growth 3.74%, Number of sales 13, 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.

  • House Report
  • Unit Report

At number 3508th in the list of Australian suburbs ordered by increase in median house value over the last year, Viewbank, 3084 is in the BOTTOM 20% with a property value increase of -11.22% recorded in median house prices.

The five-year average increase in median property values for Viewbank,3084 has given property investors a potential capital gain of 31.22% across each of those five years.

Property investors looking for a bargain in Viewbank should be aiming for at least -7.55% off the asking price, which is the average vendor discount being achieved at the moment.

Viewbank is 486th on a list of best yielding suburbs for rents in VIC with a 2.91% return

With a capital gain of 3.33% for the last 12 months, Viewbank, 3084 has performed for property investments than its average annual 3.74% property growth over the last 5 years.

While Viewbank,3084 ranked number 72th in VIC for increase in median house value (annualised) increase, it is ranked 92th over the last 5 years.

Residents and property investors in Viewbank have been waiting around 74.6364 days to sell a property.

With the median price for a house in Viewbank being $636500 and the advertised rent reaching $410 the gross rental yield for property investors calculates out to be 3.35%

Metrics i HOUSE UNIT
$870,000 $636,500
-1.86% 4.77%
-11.22% 3.33%
6.51% 3.74%
$488 $410
85 13
2.91% 3.35%
75.2156862745098 74.6363636363637

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 : Good (H), Good (U)
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Demographics
Total population 6730
Median household income ($/weekly) 1511
Median age of persons 42
Median housing loan repayment ($/monthly) 2000
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 816 12.1
    35-44 years 1028 15.3
    45-54 years 968 14.4
    55-64 years 849 12.6
    65-74 years 789 11.7
    Others 2282 33.9
    Age Group
    Census Count Percent(%)
    Registered Married 3109 59.7
    Not Married 1882 36.1
    Defacto Relationship 217 4.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 4783 73.3
    Hong Kong 126 1.9
    Japan 196 3.0
    United Kingdom 235 3.6
    Other 233 3.6
    Others 949 14.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 119 1.9
    Christianity 4450 70.8
    Hinduism 91 1.4
    Islam 99 1.6
    No Religion 1485 23.6
    Others 38 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 220 10.2
    $1,000-$1,249 184 8.5
    $1,500-$1,999 286 13.2
    $2,000-$2,499 219 10.1
    $2,500-$2,999 245 11.3
    Others 1005 46.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1940 36.5
    Not in the labour force 1936 36.5
    Employed, worked part-time 1110 20.9
    Employed, away from work 195 3.7
    Unemployed, looking for work 128 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 449 13.8
    Professionals 981 30.2
    Technicians & trades workers 362 11.1
    Clerical & administrative workers 540 16.6
    Sales 341 10.5
    Others 576 17.7
    Occupation
    Census Count Percent(%)
    Pre-school 154 9.6
    Infants/Primary 537 33.4
    Secondary 474 29.5
    Technical or Further Educational Institution 94 5.8
    University or other Tertiary Institutions 304 18.9
    Others 45 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6120 93.3
    Flat, unit or apartment 237 3.6
    Semi-detached, row or terrace house, townhouse 199 3.0
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1211 51.4
    Being purchased 884 37.5
    Rented 259 11.0
    Other tenure type 3 0.1
    Tenure Type
Census 2011, ABS
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