Suburb Profile Report for Nunawading VIC (3131)

Nunawading House: Median price $965,000, Annual capital growth 6.89%, Number of sales 111, Weekly median advertised rent $440

Nunawading Unit: Median price $714,000, Annual capital growth 5.58%, Number of sales 48, Weekly median advertised rent $420

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

VIC has seen average median house prices change by 2.87% which means that Nunawading, 3131 has done well for property investors by showing a capital gain of 2.58% over the last year

Nunawading,3131 was ranked 696 in Australia by increase in median property value over the quarter.

Nunawading3131 is located in VIC which offers an average discount of -6.51% to property investors. Nunawading itself is showing figures that indicate -4.78% is the average achievable by property buyers investing in the suburb.

Often selling an investment property can take time, and in Nunawading the average time real estate has been on the market is 43.2885 days.

A $440 per week rent on the median house gives suburb investors a gross yield of circa 2.37%, without taking into account capital value appreciation, which has been averaging out at 6.89%.

If you compare the increase in value of investment property in Nunawading, 3131 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 17.05%.

Comparing Nunawading,3131 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

The most recent median price for Nunawading is $714000, with sellers offering an average of -3.29% off the asking price.

On average over the past year, suburb has had 4.00 sales per month, which equates to 48 per year.

Advertised rents are around the $420 mark per week – giving a return of 3.06% based on the median price in Suburb

Metrics i HOUSE UNIT
$965,000 $714,000
4.21% 3.85%
2.58% 17.05%
6.89% 5.58%
$440 $420
111 48
2.37% 3.06%
43.2884615384615 56.609756097561

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 10945
Median household income ($/weekly) 1280
Median age of persons 37
Median housing loan repayment ($/monthly) 1950
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1291 11.8
    25-34 years 1710 15.6
    35-44 years 1811 16.5
    45-54 years 1353 12.4
    55-64 years 1048 9.6
    Others 3733 34.1
    Age Group
    Census Count Percent(%)
    Registered Married 4291 52.8
    Not Married 3289 40.5
    Defacto Relationship 546 6.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 6968 66.6
    Croatia 587 5.6
    Indonesia 351 3.4
    United Kingdom 397 3.8
    Other 577 5.5
    Others 1586 15.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 575 5.8
    Christianity 5923 59.4
    Hinduism 285 2.9
    Islam 161 1.6
    No Religion 2871 28.8
    Others 159 1.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 340 9.1
    $600-$799 344 9.2
    $1,000-$1,249 358 9.6
    $1,500-$1,999 484 13.0
    $2,000-$2,499 368 9.9
    Others 1832 49.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3262 38.4
    Not in the labour force 2964 34.9
    Employed, worked part-time 1697 20.0
    Employed, away from work 299 3.5
    Unemployed, looking for work 270 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 582 11.1
    Professionals 1534 29.2
    Technicians & trades workers 701 13.3
    Clerical & administrative workers 819 15.6
    Sales 485 9.2
    Others 1135 21.6
    Occupation
    Census Count Percent(%)
    Pre-school 231 9.0
    Infants/Primary 857 33.5
    Secondary 584 22.8
    Technical or Further Educational Institution 239 9.3
    University or other Tertiary Institutions 525 20.5
    Others 126 4.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8213 79.9
    Flat, unit or apartment 1304 12.7
    Semi-detached, row or terrace house, townhouse 747 7.3
    House or flat attached to a shop, office 9 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1433 36.3
    Fully owned 1406 35.6
    Rented 1085 27.5
    Other tenure type 27 0.7
    Tenure Type
Census 2011, ABS
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