Suburb Profile Report for The Basin VIC (3154)

The Basin House: Median price $684,000, Annual capital growth 7.28%, Number of sales 63, Weekly median advertised rent $390

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 investors who have had real estate in The Basin, 3154 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 8.57%

If we look at median property appreciation over just the last three months, The Basin has given property investors a paper return of 0.29%. This puts Suburb as 364 on a list of fastest fasting appreciating suburbs in VIC

Vendor discounting in The Basin is giving property investors an average Vendor Discount of around -4.57%. This puts suburb at number 454th in VIC when ranking the most discounted suburbs.

The Basin is 347th on a list of best yielding suburbs for rents in VIC with a 2.96% return

Metrics	HOUSE	UNIT
Median price	$684,000	N/A
Quarterly growth	0.29%	N/A
12-month growth	8.57%	N/A
Average Annual Growth	7.28%	N/A
Weekly median advertised rent	$390	N/A
Number of sales	63	N/A
Gross rental yield	2.96%	N/A
Days on market	47.13	N/A

Source: CoreLogic

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