Suburb Profile Report for Camberwell VIC (3124)

Camberwell House: Median price $1,880,000, Annual capital growth 6.42%, Number of sales 188, Weekly median advertised rent $820

Camberwell Unit: Median price $752,000, Annual capital growth 4.24%, Number of sales 114, Weekly median advertised rent $475

  • 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.

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  • House Report
  • Unit Report

If you compare the increase in value of investment property in Camberwell, 3124 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -12.56%.

Across a shorter period, Camberwell, 3124 has seen a median price increase of 1.62% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Camberwell is offering property investors an average of -6.90. This rate of discount on properties puts Suburb at number 199th in terms of most discounted suburbs in VIC

At number 944 in a list of fastest selling suburbs, Camberwell is in the TOP 30% of suburbs in Australia with an average of days on market 62.79 for properties listed there.

Renters in Suburb are facing rents around $42640 per annum or $820 every week.

Over the last year, property investments in Camberwell, 3124 have given investors a capital gain of -5.41%. This compares badly with the 0.68% for VIC as a whole.

Over the longer term, Camberwell has seen property prices show investors a 5.03% return over the last 3 years. This is worse than over the last 12 months

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 Camberwell, 3124. Typically our figures indicate that -7.22% is being offered, which puts this VIC suburb at 366th most discounted overall in Australia.

Property investors should expect to get $475 weekly from the median priced house in this suburb.

Information supplied by:


November 2018

M
O

W
E

Renters back down

Postcode: 3124

Median unit price: $855,000

Rental vacancy rate: 6.5%

Three-year growth: 24.1%

Part of the Boroondara LGA, the large suburb of Camberwell is known for its historic houses and its peaceful, leafy streets – in fact, Camberwell is among Melbourne’s most prestigious suburbs.

Despite the hefty price tag, buyers have not shied away from this suburb, with demand consistent pushing values upward. Tenants, however, tell a different story as the average rental vacancy rate rose as well from 5.6% to 6.5% in the year to August 2018. The average rent rate comes in at $450 per week, with landlords reaping 2.7% returns on average.

The Burke Road shopping strip is found here, and halfway along this strip is the Camberwell railway station – a large terminal that serves the train lines for Belgrave, Lilydale and Alamein. The suburb is also connected to Burke Road, Toorak Road, Riversdale Road and Warrigal Road.

Metrics i HOUSE UNIT
$1,880,000 $752,000
1.62% -2.34%
-12.56% -5.41%
6.42% 4.24%
$820 $475
188 114
2.27% 3.28%
62.79 66.327868852459

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), Balanced (U)
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Demographics
Total population 20028
Median household income ($/weekly) 2122
Median age of persons 41
Median housing loan repayment ($/monthly) 2500
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 2648 13.2
    25-34 years 1950 9.7
    35-44 years 2585 12.9
    45-54 years 3052 15.2
    55-64 years 2525 12.6
    Others 7269 36.3
    Age Group
    Census Count Percent(%)
    Registered Married 8067 54.8
    Not Married 5782 39.3
    Defacto Relationship 872 5.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 14251 73.2
    Croatia 532 2.7
    Papua New Guinea 433 2.2
    United Kingdom 948 4.9
    Other 643 3.3
    Others 2663 13.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 453 2.5
    Christianity 11792 63.9
    Hinduism 343 1.9
    Judaism 191 1.0
    No Religion 5491 29.7
    Others 193 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 643 10.5
    $2,000-$2,499 487 8.0
    $2,500-$2,999 898 14.7
    $3,000-$3,499 644 10.6
    $4,000 or more 773 12.7
    Others 2658 43.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 5973 37.8
    Not in the labour force 5445 34.4
    Employed, worked part-time 3490 22.1
    Employed, away from work 494 3.1
    Unemployed, looking for work 415 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 1841 18.5
    Professionals 3837 38.6
    Community & personal service workers 716 7.2
    Clerical & administrative workers 1430 14.4
    Sales 900 9.0
    Others 1227 12.3
    Occupation
    Census Count Percent(%)
    Pre-school 408 7.0
    Infants/Primary 1772 30.6
    Secondary 1663 28.7
    Technical or Further Educational Institution 264 4.6
    University or other Tertiary Institutions 1568 27.1
    Others 117 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 14825 80.0
    Semi-detached, row or terrace house, townhouse 1836 9.9
    Flat, unit or apartment 1830 9.9
    House or flat attached to a shop, office 43 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 3093 45.6
    Being purchased 2152 31.7
    Rented 1499 22.1
    Other tenure type 40 0.6
    Tenure Type
Census 2011, ABS
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