Suburb Profile Report for Nunawading VIC (3131)

Nunawading House: Median price $870,000, Annual capital growth 7.27%, Number of sales 84, Weekly median advertised rent $450

Nunawading Unit: Median price $647,500, Annual capital growth 6.00%, Number of sales 31, Weekly median advertised rent $420

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Over the last year, property investments in Nunawading, 3131 have given investors a capital gain of -17.54%. This compares very badly with the -1.69% for VIC as a whole.

If we look at median property appreciation over just the last three months, Nunawading has given property investors a paper return of -4.40%. This puts Suburb as 634 on a list of fastest fasting appreciating suburbs in VIC

Property investors looking for a bargain in Nunawading should be aiming for at least -9.93% off the asking price, which is the average vendor discount being achieved at the moment.

The VIC suburb of Nunawading, 3131 is in the Whitehorse (C) local government area.

At number 999th in the list of Australian suburbs ordered by increase in median house value over the last year, Nunawading, 3131 is in the BOTTOM 40% with a property value increase of -5.89% recorded in median house prices.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Nunawading has increased when compared to the 5 year average annual rate.

Property buyers and investors in Nunawading 3131 should be seeing an average reduction in asking price of around -4.57% . This means that Nunawading is holding prices well when compared to other suburbs in VIC.

On average over the past year, suburb has had 2.58 sales per month, which equates to 31 per year.

Renters in Suburb are facing rents around $21840 per annum or $420 every week.

Metrics i HOUSE UNIT
$870,000 $647,500
-4.40% 6.15%
-17.54% -5.89%
7.27% 6.00%
$450 $420
84 31
2.69% 3.37%
52.0697674418605 78.1025641025641

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Good (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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