Suburb Profile Report for Bulleen VIC (3105)

Bulleen House: Median price $1,245,000, Annual capital growth 7.43%, Number of sales 111, Weekly median advertised rent $473

Bulleen Unit: Median price $795,000, Annual capital growth 6.57%, Number of sales 36, Weekly median advertised rent $440

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

Investment property in Bulleen has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -0.40%

Comparing Bulleen,3105 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Bulleen, 3105. Typically our figures indicate that -6.40% is being offered, which puts this VIC suburb at 1348th most discounted overall in Australia.

Often selling an investment property can take time, and in Bulleen the average time real estate has been on the market is 50.78 days.

The VIC suburb of Bulleen, 3105 is in the Manningham local government area.

Giving property investors a an average capital gain of 2.58% for the last year, Bulleen, 3105 is the 817th highest performer in Australia in this respect.

Over the longer term, Bulleen has seen property prices show investors a 27.40% return over the last 3 years. This is worse than over the last 12 months

At number 48th of VIC’s most discounted properties, Bulleen is in the bottom 20% of the state/territory when listing in order of most discounted to least.

At number 560 in a list of fastest selling suburbs, Bulleen is in the TOP 40% of suburbs in Australia with an average of days on market 63.6 for properties listed there.

Advertised rents are around the $440 mark per week – giving a return of 2.88% based on the median price in Suburb

Metrics i HOUSE UNIT
$1,245,000 $795,000
-3.41% -0.63%
-0.40% 2.58%
7.43% 6.57%
$473 $440
111 36
1.97% 2.88%
50.78 63.6

Source: CoreLogic

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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