Suburb Profile Report for The Basin VIC (3154)

The Basin House: Median price $655,000, Annual capital growth 6.91%, Number of sales 54, Weekly median advertised rent $388

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: CoreLogic

House Report

At number 1676th in the list of Australian suburbs ordered by increase in median house value over the last year, The Basin, 3154 is in the top 40% with a property value increase of 7.20% recorded in median house prices.

The Basin,3154 has offered an average of 7.20% return per annum in house price rises to property investors over the last three years.

The Basin3154 is located in VIC which offers an average discount of -5.08% to property investors. The Basin itself is showing figures that indicate -6.38% is the average achievable by property buyers investing in the suburb.

At number 216 in a list of fastest selling suburbs, The Basin is in the TOP 10% of suburbs in Australia with an average of days on market 35.86 for properties listed there.

Property investors should expect to get $387.5 weekly from the median priced house in this suburb.

Metrics	HOUSE	UNIT
Median price	$655,000	N/A
Quarterly growth	0.77%	N/A
12-month growth	7.20%	N/A
Average Annual Growth	6.91%	N/A
Weekly median advertised rent	$388	N/A
Number of sales	54	N/A
Gross rental yield	3.08%	N/A
Days on market	35.86	N/A

Source: CoreLogic

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