Suburb Profile Report for Viewbank VIC (3084)

Viewbank House: Median price $1,003,000, Annual capital growth 8.17%, Number of sales 75, Weekly median advertised rent $483

Viewbank Unit: Median price $630,000, Annual capital growth 6.99%, Number of sales 13, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 8.43% for the last 12 months, Viewbank, 3084 has performed for property investments than its average annual 8.17% property growth over the last 5 years.

Over the longer term, Viewbank has seen property prices show investors a 34.45% return over the last 3 years. This is worse than over the last 12 months

At number 193th of VIC’s most discounted properties, Viewbank is in the bottom 30% of the state/territory when listing in order of most discounted to least.

In the last year 75 properties changed hands in Viewbank, which puts it as the 346th most active market in VIC when comparing the number of sales per suburb.

Property investors should expect to get $482.5 weekly from the median priced house in this suburb.

VIC has seen average median house prices change by 8.36% which means that Viewbank, 3084 has done well for property investors by showing a capital gain of 17.87% over the last year

Over the longer term, Viewbank has seen property prices show investors a 34.76% return over the last 3 years. This is worse than over the last 12 months

A $400 per week rent on the median house gives suburb investors a gross yield of circa 3.30%, without taking into account capital value appreciation, which has been averaging out at 6.99%.

Metrics i HOUSE UNIT
$1,003,000 $630,000
0.30% -4.18%
8.43% 17.87%
8.17% 6.99%
$483 $400
75 13
2.50% 3.30%
47.17 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (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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