Suburb Profile Report for Viewbank VIC (3084)

Viewbank House: Median price $996,500, Annual capital growth 8.74%, Number of sales 77, Weekly median advertised rent $480

Viewbank Unit: Median price $607,500, Annual capital growth 6.17%, Number of sales 19, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report
  • Unit Report

Viewbank has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 11.59% to date .

Over the longer term, Viewbank has seen property prices show investors a 38.89% return over the last 3 years. This is worse than over the last 12 months

With the median price for a house in Viewbank being $996500 and the advertised rent reaching $480 the gross rental yield for property investors calculates out to be 2.50%

With a capital gain of 20.06% for the last 12 months, Viewbank, 3084 has performed for property investments than its average annual 6.17% property growth over the last 5 years.

While Viewbank,3084 ranked number 32th in VIC for increase in median house value (annualised) increase, it is ranked 25th over the last 5 years.

Metrics i HOUSE UNIT
$996,500 $607,500
3.48% 9.36%
11.59% 20.06%
8.74% 6.17%
$480 N/A
77 19
2.50% N/A
N/A N/A

Source: CoreLogic

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