Suburb Profile Report for The Basin VIC (3154)

The Basin House: Median price $684,000, Annual capital growth 7.37%, Number of sales 59, Weekly median advertised rent $388

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: CoreLogic What is the right investment loan for you? Find out now

House Report

Property value increases in The Basin have tracked close to the VIC average of 7.88% over the last 12 months.

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

The Basin3154 is located in VIC which offers an average discount of -5.39% to property investors. The Basin itself is showing figures that indicate -4.88% is the average achievable by property buyers investing in the suburb.

Residents and property investors in The Basin have been waiting around 45.75 days to sell a property.

Situated 31.14km from the CBD, The Basin is one of Knox localities in the postcode 3154.

Metrics	HOUSE	UNIT
Median price	$684,000	N/A
Quarterly growth	4.43%	N/A
12-month growth	10.22%	N/A
Average Annual Growth	7.37%	N/A
Weekly median advertised rent	$388	N/A
Number of sales	59	N/A
Gross rental yield	2.95%	N/A
Days on market	45.75	N/A

Source: CoreLogic

DSR Score for property investment : Excellent (H), Good (U)

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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