Suburb Profile Report for Nunawading VIC (3131)

Nunawading House: Median price $1,055,000, Annual capital growth 8.54%, Number of sales 86, Weekly median advertised rent $440

Nunawading Unit: Median price $669,000, Annual capital growth 7.12%, Number of sales 58, Weekly median advertised rent $400

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

Investment property in Nunawading has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.46%

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.

LACK OF BUYER INTEREST may well be the reason that Nunawading is offering property investors an average of -5.19. This rate of discount on properties puts Suburb at number 177th in terms of most discounted suburbs in VIC

Residents and property investors in Nunawading have been waiting around 48.5 days to sell a property.

A $440 per week rent on the median house gives suburb investors a gross yield of circa 2.17%, without taking into account capital value appreciation, which has been averaging out at 8.54%.

Giving property investors a an unimpressive capital gain of -3.95% for the last year, Nunawading, 3131 is the 1278th highest performer in Australia in this respect.

Over the longer term, Nunawading has seen property prices show investors a 25.52% return over the last 3 years. This is worse than over the last 12 months

Our latest figures would indicate that property sellers in Nunawading are currently offering property investors an average price cut of -3.91% below the asking price at the moment.

Nunawading is 316th on a list of best yielding suburbs for rents in VIC with a 3.11% return

Metrics i HOUSE UNIT
$1,055,000 $669,000
-0.94% -2.55%
4.46% -3.95%
8.54% 7.12%
$440 $400
86 58
2.17% 3.11%
48.5 91.77

Source: CoreLogic

DSR Score for property investment : 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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Recent sales & rentals