Suburb Profile Report for Bulleen VIC (3105)

Bulleen House: Median price $1,017,084, Annual capital growth 5.82%, Number of sales 118, Weekly median advertised rent $495

Bulleen Unit: Median price $570,000, Annual capital growth 3.62%, Number of sales 43, Weekly median advertised rent $479

  • 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

With a capital gain of -21.16% for the last 12 months, Bulleen, 3105 has performed for property investments than its average annual 5.82% property growth over the last 5 years.

Over the longer term, Bulleen has seen property prices show investors a -6.26% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Bulleen is offering property investors an average of -6.90. This rate of discount on properties puts Suburb at number 174th in terms of most discounted suburbs in VIC

Residents and property investors in Bulleen have been waiting around 67.4 days to sell a property.

Bulleen, 3105 ranked 337th in VIC when comparing growth in median property values or capital gain over the last 12 months. Bulleen is one of 2099 in our list for VIC

Taking the average capital gain, or increase in median house value, Bulleen,3105 has racked up an average of -25.00% over the period. This ranks it number 1251th in the whole country for real estate investors looking at median house price increases.

A $479 per week rent on the median house gives suburb investors a gross yield of circa 4.37%, without taking into account capital value appreciation, which has been averaging out at 3.62%.

Metrics i HOUSE UNIT
$1,017,084 $570,000
-10.07% -6.56%
-21.16% -25.00%
5.82% 3.62%
$495 $479
118 43
2.53% 4.37%
67.4 67.6

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 : Above average (H), Above average (U)
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Demographics
Total population 10868
Median household income ($/weekly) 1224
Median age of persons 43
Median housing loan repayment ($/monthly) 2000
Average household size 2.6
  • Census Count Percent(%)
    25-34 years 1225 11.3
    35-44 years 1511 13.9
    45-54 years 1487 13.7
    55-64 years 1182 10.9
    65-74 years 1308 12.0
    Others 4155 38.2
    Age Group
    Census Count Percent(%)
    Registered Married 5053 58.0
    Not Married 3313 38.1
    Defacto Relationship 340 3.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 6199 59.0
    Croatia 635 6.0
    Hong Kong 492 4.7
    Japan 958 9.1
    Other 512 4.9
    Others 1711 16.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 491 4.8
    Christianity 7391 72.1
    Hinduism 126 1.2
    Islam 179 1.7
    No Religion 1943 18.9
    Others 124 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 419 11.6
    $800-$999 348 9.6
    $1,000-$1,249 307 8.5
    $1,500-$1,999 415 11.5
    $2,500-$2,999 320 8.9
    Others 1799 49.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3659 41.4
    Employed, worked full-time 3094 35.0
    Employed, worked part-time 1587 18.0
    Employed, away from work 287 3.2
    Unemployed, looking for work 204 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 729 14.7
    Professionals 1282 25.8
    Technicians & trades workers 607 12.2
    Clerical & administrative workers 790 15.9
    Sales 598 12.0
    Others 959 19.3
    Occupation
    Census Count Percent(%)
    Pre-school 200 8.5
    Infants/Primary 717 30.4
    Secondary 633 26.8
    Technical or Further Educational Institution 208 8.8
    University or other Tertiary Institutions 504 21.4
    Others 98 4.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9356 88.6
    Flat, unit or apartment 664 6.3
    Semi-detached, row or terrace house, townhouse 531 5.0
    House or flat attached to a shop, office 6 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2187 55.7
    Being purchased 1036 26.4
    Rented 693 17.7
    Other tenure type 9 0.2
    Tenure Type
Census 2011, ABS
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