Suburb Profile Report for The Basin VIC (3154)

The Basin House: Median price $775,000, Annual capital growth 6.29%, Number of sales 54, Weekly median advertised rent $420

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Jul 2021 as supplied by CoreLogic. Data is reported to the period ending Apr 2021. Please note that property sales data is routinely updated, so may change retrospectively.

Are you moving house? Our tip: move your mortgage too.

House Report

If you compare the increase in value of investment property in The Basin, 3154 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was 6.97%.

While The Basin,3154 ranked number 460th in VIC for increase in median house value (annualised) increase, it is ranked 389th over the last 5 years.

At number 1381 in a list of fastest selling suburbs, The Basin is in the TOP 40% of suburbs in Australia with an average of days on market 53.1905 for properties listed there.

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

Metrics	HOUSE	UNIT
Median price	$775,000	N/A
Quarterly growth	3.06%	N/A
12-month growth	6.97%	N/A
Average Annual Growth	6.29%	N/A
Weekly median advertised rent	$420	N/A
Number of sales	54	N/A
Gross rental yield	2.82%	N/A
Days on market	53.1904761904762	N/A

DSR Score for property investment : Very good (H), Above average (U)

Find another suburb

Find a mortgage broker in The Basin VIC

Demographics

Total population	4229
Median household income ($/weekly)	1454
Median age of persons	37
Median housing loan repayment ($/monthly)	1625
Average household size	2.8

Census	Count	Percent(%)
5-14 years	574	13.6
25-34 years	560	13.2
35-44 years	689	16.3
45-54 years	646	15.3
55-64 years	566	13.4
Others	1194	28.2

Age Group

Census	Count	Percent(%)
Registered Married	1611	51.7
Not Married	1113	35.7
Defacto Relationship	393	12.6

Social Marital Status

Census	Count	Percent(%)
Australia	3399	83.8
Greece	43	1.1
Papua New Guinea	57	1.4
United Kingdom	324	8.0
Other	60	1.5
Others	174	4.3

Country of Birth

Census	Count	Percent(%)
Buddhism	33	0.9
Christianity	2194	57.8
Hinduism	21	0.6
Other Religious Groups	31	0.8
No Religion	1510	39.8
Others	5	0.1

Religious Affiliation

Census	Count	Percent(%)
$1,000-$1,249	125	9.5
$1,250-$1,499	135	10.3
$1,500-$1,999	215	16.4
$2,000-$2,499	178	13.6
$2,500-$2,999	119	9.1
Others	537	41.0

Gross Household Income (Weekly)

Census	Count	Percent(%)
Employed, worked full-time	1442	44.7
Not in the labour force	805	25.0
Employed, worked part-time	739	22.9
Employed, away from work	139	4.3
Unemployed, looking for work	99	3.1

Person Characteristics

Census	Count	Percent(%)
Managers	277	11.9
Professionals	407	17.5
Technicians & trades workers	466	20.1
Community & personal service workers	228	9.8
Clerical & administrative workers	371	16.0
Others	573	24.7

Occupation

Census	Count	Percent(%)
Pre-school	97	9.8
Infants/Primary	368	37.3
Secondary	264	26.7
Technical or Further Educational Institution	96	9.7
University or other Tertiary Institutions	119	12.1
Others	43	4.4

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	3887	97.1
Flat, unit or apartment	65	1.6
Semi-detached, row or terrace house, townhouse	47	1.2
House or flat attached to a shop, office	4	0.1
Caravan, cabin, houseboat	0	0.0
Others	0	0.0